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Naked Trading Jan 18, 2012 – Europe Session January 18, 2012

Posted by Musa in : Journal , trackback

In US session it seemed doji on EU. But wait until its perfectly formed, or just wait until next hour.

Right after it perfectly formed on H1, enter sell:

For the target point, we can use Fibo point on the nearest possible point (61.8%). Although it is possible that the price will retrace more than that until 38.2%, but I just put the nearest point. Just a minute after the moment:


For the next scenario, there are several good point to enter. Just consider this fibo:

Right on the red line or 38.2% is the possible enter point to retrace back. Another consideration is:

that red line is the target from the previous break.

Just wait and see, if it break that line, we can put long or buy. Why it’s prefer so put long or buy rather than sell? Because if we take a look at higher time frame, it showed the up trend:

Plan A: put sell when the next candle is red.

Plan B: put buy when it reach red line (fibo 61.8%) with stop on 100%.

Plan C: Just wait and see…


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