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pennies2007

08/07/13 9:58 AM

#120880 RE: Qui-Gon Kagi #120879

I'm still taking two thirds of the position off with a hit at 0.9395. To protect my position, I'll set the last third to break even plus 10 pips once that first target is hit. That way, I can't lose no matter what happens. But we will hit 0.94 minimum.

pennies2007

08/07/13 10:01 AM

#120881 RE: Qui-Gon Kagi #120879

One other note here Qui on the TDI pattern. Triangles are a bit funny when it comes to the TDI. Lots of times, we'll see a TDI drop back into the triangle first instead of a bounce at the trend line. That's normal from what I've seen in the past. I'm more interested in the overall Lowry pattern and the current price action as opposed to the TDI here.