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Originally Posted by jasperforex
Nope, never been burnt as in its always comes good sooner or later, normally inside two or three days. Like I said the main thing about is that it waits till the thing is completely shot through before it tells you to buy/sell. Most recenr example was for the swiss franc where on Monday this week it hit the sell level but I had to hold it overnight before I got my profit. So that was quite quick. With the aussie it can take longer cos it overshoots bigger but you can use it to your advantage and buy better prices if you use the extra tool.
FXwiz. Timeframe is daily.
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Hi jasperforex, how do you determine the sell level? Monday's USDCHF was a nice buy at about 11:00 but it opened low and closed high for the 24 day.
Sounds to me like you sold it when the momentum was over and waited for the next day, which was a low range BTW.