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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (7520)	1/29/2006 5:04:37 PM
From: chowder	Respond to of 13449

>>> This strategy does not work well for 2 - 5 day swing trades though. For those its one buy in/out. <<< I hope to show how this strategy works well on stocks that are trending higher. As an example, I have already taken profits on 1/2 of my EPEX position. If I can get a 3-5 bar reversal on the weekly chart, I will buy back a "FULL" position using the tactics that we use on all snap back set ups. I will then have a 1 1/2 sized position. If price then hits the profit target again, I will take another 1/2 position profit and try to repeat the process, provided EPEX can continue to trend higher, taking profits and building the size of the position at the same time. stockcharts.com[h,a]waclyiay[d20050127,20060127][pb40!b20][vc60][iut]&pref=G dabum