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Ahh the bitter sweet taste of irony...

Posted 09-03-2008 at 03:51 PM by wasp
Updated 09-03-2008 at 04:17 PM by wasp
When it comes to the markets, I am a firm believer of 3 things.

1: Support and resistance
2: Trends
3: Each moment is unique and should be treated as such

The problem is, I cannot practise what I preach.

Up until a month ago, I used S/R on the 240m charts and it worked well... It worked well for some time and thus, I really felt confident in my view of the market and fullfilled my 3 rules.

On the huge drop, I misdrew the important levels...
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