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Alias Born 01/13/2016

Re: farooq post# 19

Thursday, 01/14/2016 3:35:18 PM

Thursday, January 14, 2016 3:35:18 PM

Post# of 280
I used to use 8/13 cross and 10/20 cross, WMA's, and using 20/50/200 on chart too as guide. It worked OK, some days better than others. Nothing to brag about, but certainly profitable by simply keeping those losses small. But what was frustrating for me, was that on about half the days i was getting chopped around. What I started to realize was that the market is always doing 1 of 2 things. It's either 1) moving or 2) consolidating. It's always trying to find value, even when it's at fair prices. So the market, just coils and breaks, coils and breaks, coils and breaks, all day long, every single day. So I basically just play the breaks lol. So, pivot levels, chart patterns, in tight consolidation. Typically the trend is your friend, so breaks in the direction of trend are usually best, unless a nice toppying/bottom pattern forms.

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