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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?

To: OpusX who wrote (6725)	6/30/2005 4:06:47 PM
From: Jack of All Trades	Read Replies (1) \| Respond to of 12411

Thanks David, I bailed out for +.75 and went short... My entry was based on a lowertine of a downward sloping fork. Once the tine is hit, it has to go straight up and barrel through the mid tine of the newer fork to stay long. As it was it was rejected by the mid tine I went short and covered for 2.75pts on a retest of the lower tine. We have now fallen out of the lower tine so it could go either way and its the end of the day so no more trading for me... Sorry for the late reply, real job took precidence... Here is a pic of what I was watching... I go to 5min charts because of the tight swing around fed... ttrader.com