I bought China Light last night.....a utility - but that's about it. Pretty much b/e on that one. CW

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It really does come down to each trade. When I enter a trade, sometimes I just know it's worth holding onto. Every once in a while, I see a set up that I know I want to be taking and holding on for as long as humanly possible. It's a lot like ...

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Good Lord, can you imagine being that guy's boss? I bet he about had a heart attack when he came into work the next day.

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Move along, you obviously don't get it.

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I see it as being in traffic. Meaning that it's in a mess of action for me. It doesn't mean that it can't work.....just that I would have passed on this particular one. CW

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I would say it's a good analysis. I would watch and see how it interacts with that trend line over the next day or two of trading. CW

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Funny. Odd. Take a look at the Dow as well. Similar pattern. Although not as cut and dry.

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Leave it to a woman to say he's premature. Geez.

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Funny. I never really put that much thought into it.....but Price Action is about where price doesn't want to go. Perhaps this is why I tend to write options, instead of buying them.

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It comes down to the specific zone. However, I personally try to use lines that shows swing highs and lows when possible. (Most of the time, these lines are previous swings.....even if it was 3 years ago and not the most recent time it passed by.) ...

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I don't worry aboout the weekends to be honest. If I have a trade going, I let it run.

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I am not looking at a chart at the moment, but from memory - it sounds like how I do it. Of course, I'm not always right either! CW

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No problem.....

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It really comes down to whether or not you can handle the possibility of getting stopped out at b/e. I know that making the big moves means allowing it to breathe.

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You have 2 stops? I am confused.

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I really, really, really like this post.

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I would agree - perhaps a few hundred pips wide.....

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Are you reading my notes here on my desk? lol

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This is purely a move to get into US Treasury notes is all. In the long run, it hurts us.....but you see a lot of Treasury buying. So if you are a trader at a London bank, you have to sell GBP/USD to get the currency for the bills. USD = safety. I ...

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I heard that the Queen is broke. Something about fixing her homes. She is supposed to ask for more money. As for W.....we went from that to "And that's why I am running for President. Uh.....Mr. Obama, you are President. The campaign is over." ...

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