I believe that you should be looking at the MACD for the entry signal, if there is a signal to enter a trade, before entering it, check to see where the price is according to the moving averages and what kind of trend is it in at this moment, ask yourself if this is a counter-trend trade or not. Once you have determined that this is a good trade then plan out your profit taking scenarios and stop loss. If and only if everything is right in place....enter you trade and then leave it until 4 hours later!!!
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- May 21, 2007 12:03pm May 21, 2007 12:03pm
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- Post #4,589
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- May 21, 2007 1:34pm May 21, 2007 1:34pm
A good trade is when I Break Even. A great trade is when I Take Profit.
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- May 21, 2007 8:28pm May 21, 2007 8:28pm
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