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03-09-2009, 12:37 PM

Gregory McLeod Gregory McLeod is offline

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Join Date: Sep 2007

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CHF/JPY Short Scalp

I was scanning charts for setups and came across one using the Swiss Yen. CHF/JPY bounced from Bollinger Band Resistance. CCI was turning down. I checked Active Trader Market Depth and noticed a nearly 2:1 imbalance favoring Offers indicating a greater chance of a successful short trade. I entered short at 85.26 and was able to exit shortly at 85.12 near the 200 period MA.

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