12-08-2006, 10:32 PM
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Status: Super Moderator Join Date: Aug 2006 Location: Tokyo Thanks: 545
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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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