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MRW 255 marks the spot

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13 years 3 months ago #1790 by diver993
Replied by diver993 on topic MRW 255 marks the spot
Just closed out my trade for a small profit. A bit slow for my liking....

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13 years 3 months ago #1577 by diver993
Replied by diver993 on topic MRW 255 marks the spot

Shotry wrote: I can see your strong technical support at this level and I see you're 233 target. With your other trendline are you not 'curve fitting'?


Definitely not. Three supports converging in one place has to be worth a trade on the first attempt - as Remo might say.
I have a tight stop just below 250 and stacks of potential up to the 308 range this has been sitting in for the last three years.
If the support doesn't hold then it will probably drop to 210, where I will try again ;)

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13 years 3 months ago #1556 by Shotry
Replied by Shotry on topic MRW 255 marks the spot
I can see your strong technical support at this level and I see you're 233 target. With your other trendline are you not 'curve fitting'?

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13 years 3 months ago #1555 by diver993
screencast.com/t/1FpFXYHe1jt



255 would appear to be the 'magic number' here with a combination of trend line, horizontal support and fib support it looks good B)

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