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Thread: Scalping and Intraday Trading Strategies Discussion

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#6 (permalink)

06-05-2007, 07:49 PM

4xis2ez

Member

Join Date: Oct 2005

Posts: 487

I am a believer in cycles. The gbpusd 5 minute chart shows a cycle length of about 4 or 5 hours from one low to the next low, most easily seen in ranging markets. If you buy a turn up from a low swing, you can expect the upmove to run for about 2 hours to make a cycle high. The use of time in trading is about as important as price.

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