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Strategies & Market Trends : TA- Advanced GET

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To: david kohn who wrote (1403)	8/15/1999 11:51:00 AM
From: Sean W. Smith	Read Replies (1) of 1551

David, yep.... I got 5.55 TJ mentions he only uses this technique on the initial XTL Breakout trade. once your in he describes standard get techniques like the Linear regression channel and the 6,4 dmas to exit the trade. Further more there are a continuation trades where you get back in on a channel cross up or a 6/4 dma cross up. The fib extension is not used. So if the XTL has been blue and you get your entry signal then you take the trade. Also NOTE: TJ repeats many times that XTL breakouts where the first BLUE bar was a gap up or gap down in the case of the red bar that you should not take the trade as it has a high probability of failure. over 70%, I forget his quoted #. This then leads to the XTL Reversal Trade which is the subject of another discssion. The 1997 videos discuss the XTL Trades in more detail. Sean

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