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Old 11-07-2006, 03:49 AM
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Re: Entering Trades Ahead of Time

Sometimes you need to press hard and sometime lightly. The markets are full of opportunities but not always do you see a sure bet. I find that one can enter a trade ahead of time using simple S&R levels. Once you identify a significant S&R level the odds are stacked in your favor.

This is why I believe cluster points to be a key price level. People use many different methods to identify clusters. Moving averages, pivots, fibonacci, trendlines, etc...

For example the YM just bounced off a significant price level at 12000 on Friday. This was a key psychological level as well a support on a major trendline. On Monday it then went on to rally over 100 points. I think these areas do not come around often but when they do one needs to trade aggressively. Just my 2cents.

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