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Strategies & Market Trends : Technical Analysis - Beginners
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To: Michael Watkins who wrote (11409)2/6/2001 10:17:40 PM
From: Monty Lenard  Read Replies (1) of 12039
 
Michael, I agree with you that the candles do not have to be TEXTBOOK to trade. A good trader can make money on the "not so perfect" candles you describe.

In this market if one waits on confirmation they are looking at a sell signal the next day or day after but there is money in between.

Of all the ones I looked at last night I did not see any that one could not have made money on or at least not lost any IF THEY PAID ATTENION. Many of them were shortable when they reversed today (the day of confirmation).

Monty
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