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Strategies & Market Trends : Charts for Quick CASH $$$

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To: Galirayo who wrote (5297)	12/5/1997 1:03:00 PM
From: HeyRainier	Read Replies (2) of 9262

[ Ascending Triangle matters and VSVR] "...a good way to play these is to place a buy limit order at or near the Apex of the Triangle to catch it on the way up as it breaks out." It's a component of the risk management side of trading. The situation here is analogous to the results from rigorous back tests that showed how your reward/risk ratios improved dramatically when making an entry above a closing point after your buy criteria were reached.(Did you get that?) Also, VSVR is sitting above breakout levels for the Ascending Triangle. The Upper Boundary was at 15 1/2, and is currently sitting above it as I type this. Just hope it closes here. Regards, Rainier

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