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Sgreg

11/05/15 12:43 PM

#491 RE: John Kent #483

eh, that stuff is very common. The guys that trade for a living will often sell at the 4dma. On a bounce off bottom the 4dma is the first resistance point. The guys that do this for a living want and need their profit so they take the 4dma. Also if the pop is a one day wonder then they get proven right anyway.

If however the bounce goes for 2,3,4,5 days then after the 4dma comes the 8 and 10 which in this case is up in the 006s, then the par/sar and middle bolli (20dma) after that, so they make the calculated and excepted risk that it is just a one day bounce because if they are wrong they leave a ton of money on the table.

Guys who do this for a living though need their profits. This is how they make a living so I understand it. I myself have a good job and this is just a hobby/supplemental income for me so I usually go for more then the 4dma. Sometimes that costs me a little bit but many times I get huge paydays by going for those higher points. I can afford to do that though. This isn't how I make my living.