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Dynamic Trader Blog - Forex Chart Pattern Signals

Wednesday, September 24, 2008

Manage your trade

I mentioned an ABC set up on the GBPUSD just over a week ago and since then it has moved up around 900 pips. I actually missed entering this trade but for those of you that did you should have been adjusting your stops locking more profit as the market moved up. The price has now come into proximity to the figure 18600 with MACD divergence on multiple time frames and also some fib levels on the larger time frames. If I was in this trade I would now look to tighten my stops according to my trade plan.














GBPUSD forex chart from Advanced Get
Good trading

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