Here is a potential setup...as the price entering the zone (circle on the pic), I will enter buy on the retest of the lower median line (the blue trendline) and put my stoploss below the red trendline as that line act as sell confirmation.So if the price break the red triggerline, I will close my trade and prepare to sell this pair..but please understand that the price need to close below the red line and also open below that line to confirm the sell action.Thx
UPDATE( friday 11 july 2008) :finally the cable move north and my buy order now value 101 pips..so hard just to reach 1.9800..all pairs seem to move real slow..still have one order on sell aud-jy @102.81--it's been 3 days and the price still THERE!!! what a pain in the ass..hmm but i'll leave it there till next week if the price dont hit the TP or SL...now time to spend the weekend :P have a good weekend all.Cioa
UPDATE( friday 11 july 2008) :finally the cable move north and my buy order now value 101 pips..so hard just to reach 1.9800..all pairs seem to move real slow..still have one order on sell aud-jy @102.81--it's been 3 days and the price still THERE!!! what a pain in the ass..hmm but i'll leave it there till next week if the price dont hit the TP or SL...now time to spend the weekend :P have a good weekend all.Cioa
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