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Author Message  ohkoolnutz Member Username: ohkoolnutz Post Number: 487 Registered: 10-2005 Rating: N/A Votes: 0 Saturday, February 03, 2007 - 09:39 pm:     We can see a lengthy consolidation with four flat MAs in the same region. --- ohk Lies, Damn Lies and Technical Analysis  ohkoolnutz Member Username: ohkoolnutz Post Number: 518 Registered: 10-2005 Rating: N/A Votes: 0 Saturday, February 10, 2007 - 11:06 am:     --- ohk Lies, Damn Lies and Technical Analysis  mrbzatwork Member Username: mrbzatwork Post Number: 3 Registered: 02-2007 Rating: N/A Votes: 0 Sunday, February 11, 2007 - 01:35 pm:     On this type of breakout do you prefer to buy-stop above 2/9 daily high, or wait for pull back, then enter buy-stop on trailing high? Or something else? Assuming of course you already do not have any open positions.  ohkoolnutz Member Username: ohkoolnutz Post Number: 521 Registered: 10-2005 Rating: N/A Votes: 0 Sunday, February 11, 2007 - 08:15 pm:     I do buy stop limits only. This means you buy at a high point of a swing if you get it wrong and it can really hurt you. 80% of my time is spent on perfecting entries. In this case it played out a bit differently. I noticed $1.77 resistance on Jan 21. I also noticed that the BB had flattened and the price hadn't poked through to the top side yet. Price very often makes a poke, then retreats and then breaks through. You don't want to buy the poke though because it could be a fake-out. Jan 23 showed the poke. It was a huge poke though and I didn't want to move my buy stop to $1.86. I figured the price was going to re-establish itself back at $1.76 and I was going to put in my order once another day high of $1.76 was set. I grew impatient though and I noticed that it did a double-bottom at $1.62 and shortly after a triple-green day high at $1.72. I decided to buy the 'fade away against the poke'. I then put in my order at buy stop limit $1.73 and got filled. I put my stop loss at $1.61. I was in 5 days before the big move started. The minute chart shows my original plan to buy stop limit $1.76 had a slim chance of success so my eager entry of $1.73 was probably the correct choice to make. --- ohk Lies, Damn Lies and Technical Analysis

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