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kevine sheen wrote:
>
> I wonder if there was any system or methodology could predicted Today's big
> drop in USD/JPY, almost 600 points in forex market, which is worth almost
> $4,000 if you held a one IMM equivalent contract.
> If there was,,,,I think only EWave or Fib number based system could
> predict.
> Any one predicted??
>
> --
I suppose this is one case where a method that enters on pre-placed
stops would have caught the move (if the stops were in overnight).
(Downside of course is when the intraday range would trigger it
falsely.) If I were big enough to trade two different plans, I think it
would be advantageous to have one of them enter on stops to catch these
breakouts on the day they occur, and have the other system a "trade the
next day" system as I do now.
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