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Re: ~6979~ post# 468

Friday, 09/12/2008 12:03:06 PM

Friday, September 12, 2008 12:03:06 PM

Post# of 488
Vol would only add another level of info that ya really don't need...at least it wouldn't help ya to the degree that it does in stocks. In fact most likely, tracking the vol would throw ya off cuz ya never when at the drop of a dime (excuse the pun) when some large multi-nat institution will come in & go the other way on ya in a heartbeat.

I like to keep it simple myself...especially in 4x...the less info I have...the better....lolol

Seriosuly tho I mainly watch just a few things...MACD & then fast swings to any 1 direction...then when the chart seems to wanna settle in a new channel for a few mins....I look for the reversal...but only lookin for 15-30 at the most on the retrace...so the pop has gotta be in the 50-100+ range for me to really have a decent shot at that kinda retrace.

Then once in I simply use very conservative fib levels to set my exit....no more than the 15 min...& try to stay on the 5 min.

GL this AM & keep an eye on Ike....there could be more of a caine effect this time 'round....but since it's a Fri...who knows?

Keep a watch on gold for any early hints...as always.


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http://www.thevenusproject.com/

"Risk comes from not knowing what you're doing."

Warren Buffet

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