This is a great example of our NR breakout system finding a 50 pip up move and our bread and butter counter trend system selling the high once upwards momentum fails at 4am EST. Price then continues down 110 pips.
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Our Forex Trading Philosophy
We primarily trade with the trend.
We focus on currencies where ALL THE TRENDS LINE UP ( 1 Hour, 3 Hour, Weekly & Monthly ).
We trade this DIRECTION until the market moves statistically too far. We then look to do the occassional counter-trend trade when our momentum tools show the trend has stalled.
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