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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: Susan G who wrote (7953)1/11/2002 12:14:26 PM
From: rocklobster  Read Replies (1) | Respond to of 26752
 
I don't really use money flow indicator...I'm trying to keep the indicators to a minimum and actually wasnt using any at all except moving averages when I finally started to become consistently successful. I agree about the resistance overhead..that's why I want to be in and out of this trade in five minutes or less..LOL.. I think there will be enough buying at 1660 for me to at least be able to tell in a few minutes if it will hold or not...if not I will be out..my stop is usually only three or four points at the most anyway...

rok



To: Susan G who wrote (7953)1/11/2002 12:19:08 PM
From: rocklobster  Read Replies (2) | Respond to of 26752
 
Here's my short term read...the five minute nq's look like a bull flag.. the stochastics are heading back up possibly..MACD is heading back up...NQTICK is at a low point..so I'm looking for an entry at 1660.5 with an immediate sell order at 1664.5 and a stop at 1656.5..... If the trade looks bad right away I will exit before the stop is hit...

rok


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