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Re: lowtrade post# 19072

Saturday, 11/06/2010 2:55:31 PM

Saturday, November 06, 2010 2:55:31 PM

Post# of 47295
low, I actually said upper trendline break at 4.25/4.30 was the entry point. But I was using the 4.00 resistance break as supporting info as a sign that the pattern might be setting up regarding the falling wedge reversal. I was seeing 4.50 area as a level to add more (sounds like that was a mistake by me), if the price breaks it, as in making it past that stall point as you said.

I'm still wondering if I played it the right way, maybe I didn't. Sounds like 5.00 is the safest entry for that formation. My trade plan on this one is to exit at 5 since it's 16% gains. Hmmm, I may not have made the highest odds entry, after reading your thoughts.


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