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# SKYSITY TECHNICAL PRICELINE ANALYSIS

## Friday, September 23, 2011

FIRST OF ALL, I WANT TO THANK YOU FOR YOUR INTERESTED DOWNLOADING THIS FREE EBOOK. I PROMISE TO MAKE IT SHORT AND ILLUSTRATED WITH SAMPLE OF PICTURES TO REVIEW. FOR A BEGINNER OR NEWBIE IN FOREX, PLEASE SEEK CONSULTATION ABOUT RISK OF TRADING.

## SETUP FOR PRICELINE

DRAW A HORIZONTAL LINE AT EVERY LEVEL NUMBER THAT FINISHED WITH 14, 48, 64 AND 80. IF A BROKER WITH 4 DIGIT PRICE , USE THE 3RD AND 4TH NUMBER FOR REFERENCE. EXAMPLE : 1.2164 , THE 3RD IS 6 AND THE 4TH IS 4 . THAT MEANS THE NUMBER IS 64. IF A BROKER WITH 5 DIGIT PRICE (ECN), USE THE 3RD AND 4TH NUMBER ALSO. EXAMPLE : 1.21482 , THE 3RD IS 4 AND THE 4TH IS 8 . THAT MEANS THE NUMBER IS 48. ROUNDING UP THE NUMBER FOR 5 DIGIT PRICE, IE: 1.21482 IS 1.2148 MEANS 48.

THATS ALL FOR SETUP AND THE NEXT IS THE DEFINATION ABOUT THOSE LINE.

SIMPLE HAH !

## Friday, September 23, 2011

DEFINATION OF PRICELINE
EVERY PICTURE BELOW IS THE DEFINATION, SO HAVE A LOOK. LESS TALK , LETS PICTURE DO THE WORK. ITS UNIVERSAL COMMUNICATION DUDE

## Friday, September 23, 2011

YEAP, THATS ALL FOR DEFINATION. DO NOT COMPLICATED ANYMORE. NEXT IS ENTRY & EXIT RULES.

## ENTRY & EXIT RULES

Entry : Only At Line 14 @ 64 (Risk:Reward = 1:1) Exit Loss : Only At Line 14 @ 64 Exit Profit : Entry Buy @ Line 14 , Exit Line 48 = 34 pips (R:R = 1.4:1.0) Exit Profit : Entry Sell @ Line 14 , Exit Line 80 = 34 pips (R:R = 1.4:1.0) Exit Profit : Entry Buy @ Line 64 , Exit 1 = Line 14, Exit 2 = Line 48 = 50p + 34p Exit Profit : Entry Sell @ Line 64 , Exit 1 = Line 14 , Exit 2 = Line 80 = 50p + 34p Entry AtLine 48 @ 80 Not Encouraged Because R:R = 2.0 :1.0

## Friday, September 23, 2011

THANKS DUDE. THATS THE END. HEY WASSUP . IF THIS IS NOT A GOOD TECHNICAL ANALYSIS THEN MY APOLOGY. SORRY IM NOT VERY GOOD AT WRITING, THATS ALL I CAN DO FOR SIMPLE EBOOK. BY THE WAY, I TRADE WITH TRADEBANK FX BROKER @ http://www.tradebankfx.com .

## HAVE A NICE LOVELY DAY & HAPPY TRADING

Quotes from Warren Buffet : Price Is What U Pay, Value Is What U Get Quotes from Me : Dont Argue With Markets, If Its Wrong Just Cutloss