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#34 (permalink)

04-29-2009, 07:16 AM

Gregory McLeod Gregory McLeod is offline

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Join Date: Sep 2007

Posts: 1,462

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Trade Closed-Another winner

Fast 10 pips from Market Depth Imbalance on EUR/USD and EUR/JPY. 22 Million was Bid, however only 15M was offered. This illustrates short-term support as there are more buyers than sellers at this area. Long scalping trades would be favored as a result. Prices moved much higher but I was content at grabbing 10 pips out of the market as I had other things after my attention. The market was moving quickly and I was profitable almost from entry. CLICK HERE to see more of what you can do with Active Trader.

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Gregory McLeod moderates the Trend of the Day thread as well as the Short Term Strategies Using Market Depth.

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