Get Rich or Be Dead - Question

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casinoman
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Get Rich or Be Dead - Question

Postby casinoman » Tue Sep 25, 2007 11:38 pm

Suppose that you would be immediately executed if you refused to take a positional stand for the next upcoming candle and you had to commit every last dollar to your name to the trade. What position would you take?

Shortest time period chart:


Longer time period chart:
"Technicians never die - they just chart away"
Trade like a Lemming but don't jump off the cliff like the others

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TheRumpledOne
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Postby TheRumpledOne » Wed Sep 26, 2007 12:58 am

Long.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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Postby casinoman » Wed Sep 26, 2007 2:02 am

What a coincidence, I'd be going long too!

Bet we got to same conclusion with different logic.
"Technicians never die - they just chart away"

Trade like a Lemming but don't jump off the cliff like the others

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TheRumpledOne
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Postby TheRumpledOne » Wed Sep 26, 2007 4:09 am

Higher Lows means UPTREND.

I also see higher highs.

Bottom Tail on last candle of longer period.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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casinoman
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Postby casinoman » Wed Sep 26, 2007 4:29 am

Open of new candle will be lower than current middle - long.

The trick to this is I never said that you had to stay in the position for any period of time or price change - that is the option - the out.
"Technicians never die - they just chart away"

Trade like a Lemming but don't jump off the cliff like the others

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