KEEP IT SIMPLE TRADING / Profunds Message Board

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Strategies & Market Trends : KEEP IT SIMPLE TRADING / Profunds

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To: mistermj who wrote (115)	2/20/2004 10:28:21 AM
From: mistermj	Read Replies (1) of 177

The XAU is following through nicely to the downside today in its second day after being called a possible short. Its been down nearly 2% at one point today after yesterdays quick drop,small reversal, and indecision candle on the daily. This illustrates very well the type of trading opportunities I am trying to provide.Yesterday one could have made a quick scalp, or held out today for a larger gain of +2%.There may be more downside...regardless...the trading opportunity was there for many different styles. I realize the XAU is not an ETF...but I think it still gets my point across as I try to explain how one could use the signals. stockcharts.com[m,a]daclyyay[pb50!b200!b20][vc60][iUa12,26,9!Lp14,3,3]&pref=G

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