Base on Daily chart, I would like to differ my previous recommendation of EU. Refer chart.
Trade Idea : To those who already took a Short entry, you can put a SL. New recommendation is to put Buy Limit at Support Line + SL at your prefer Money Management (MM) style. Some traders use larger stop loss as their trading account is huge. Larger TF required larger SL. MM will help to success in this business (Old phrase which rarely applied by many Forex traders). :)
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradeable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher probability.
Monday, 9 May 2011
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