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Hi RickNice call on the EURCAD! Here is the GBPCAD H4 and I'm...

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nikl

552 Posts.

1

10/05/19

07:51

Post #: 38498360
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Originally posted by RickM: ↑

So here's what the plan was for the Algo

Its was just a trap to get traders to sell and place stop losses above the Herd zone.
When enough Stop losses were here - WHAM

You will see this trap all the time on all time frames.

CHECK OUT USDJPY

So I believe there is only one reason price moves one pip - RUN STOPS

Do you think the USD dollar was worth 3 cents more on the 24th April and today its worth 3 cents less. What a lot of rubbish.

PRICE MOVES ONLY TO CREATE SET UPS TO ENTICE TRADERS TO TAKE TRADES
IT THEN RUNS AS MANY STOPS AS POSSIBLE
- WHY THE F WOULD THE USD DOLLAR REALLY AFFECT THE JPY DOLLAR -

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Hi Rick
Nice call on the EURCAD! Here is the GBPCAD H4 and I'm thinking that the stop losses are starting to build in the green rectangle (there abouts). What are peoples thoughts on this? This is the part of my TA I need to work on
Cheers
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