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Old 07-31-2008, 05:05 PM
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well there u go, it end up meeting resis at 5695 which on the current 4 hrs was around 5597-98....
my shorts were stopped out at 5674, my stops were tight....... came back and saw the decline from 5599 high..
5505 was gapped out for 4 pips on the gdp news i guess...
managed to get in at 5653 and just seeing my limits hit at 5599..... the daily basket is over 130 pips on multiple lottages and that feels good......
i would try small longs from 5585 now while again staying light and tight stops.... i would be happy with a retest of 5625 from there.. if it happens as i would be out agian and wont be here to pamper them.....

GL...
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Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us—
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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