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Old 07-25-2007, 09:45 PM
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walterw walterw is offline
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Re: Smoothing out price

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Yes you can combine both. Actually, transact AT has a button where you can launch sierra in a heartbeat. I've been using transact for years and had no problems whatsoever. Their execution is excellent.

My entry was at 9:40 AM I still respect pivot points and S/R Levels. As yo can see, market bounced off from pivot at 9:35 AM. I always time my entries at the next bar whenever I see enough momentum if it breaks the higher/high lower/low. I am using this system pretty much the same as you can see price action is very similar to any regular candlesticks with the exception of the axis. The trade was a risky one as we had existing home sales @ 10:00 am Lucky for me the report came out bellow consensus so it pushed the market even lower. Anyway I am trading with just a couple of contracts so it's not a big deal.

As long as you have the bars colored at the side of your trade - no problem. Let it go. You can opt to get out at the close of a bar in reversal or wait for a second bar to confirm either a reversal or pullback

Entry was 13860 exit 13814. My DSL service got hanged during the trade so I had no choice but to call my broker



Here's the chart

Raul : was this morning chart a 144T chart ? thanks Walter.

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