Tuesday, October 14, 2008

What Trend line?

Yesterday we were looking at the EU pair and while market is all over the place the TL held nicely. Jinhar also taught me that if a TL has too steep an angle, usually, they won't hold.



The following chart was taken before the move down in the evening. Have a look at it yourself, this was taken maybe 3,4 hours before the move down. Wife got 150pips later on.

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