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Nocona

08/08/06 3:56 PM

#33113 RE: gloe #33112

Copied from Jeff:

(HFE trades can happen very fast. As soon as you see it hook back toward the zero-line you enter. Make sure you have your hard stop-loss orders in as soon as you get filled on entry, as this trade can get away from you very quick. As soon as you see a signal to exit then you exit immediately.

You will get stopped out of this trade often and this can happen even without seeing a CCI exit signal. This trade has around a 50% chance of success if you take every single HFE trade you see. However it can provide you with much larger profits than losses. You must use hard stop-loss orders when trading Woodies CCI or any other system for that matter.)

It looked like a good gamble since it was above 200 before the announcement.

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FreeMarkets

08/08/06 4:17 PM

#33114 RE: gloe #33112

I think I will start trading my practice account at IB. I work from home two days a week. I can't always trade those days, but I gues a day or two a week is better than none.