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Old 12-08-2006, 11:32 PM   #1

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What Is Your Reference Point?
Traders often use reference points to plan their trades from the short side or long side. I use S&R levels that I derive from looking at the daily charts to plan my trade from the short or long. If price can not break above a specific price level, my bias would be short setups for the day.

What other reference points do you guys use and how do you play them?
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