Quote:
Originally posted by wig@Oct 28 2004, 06:00 PM
I like the KISS principle, too. I have found that analyzing or trying to perceive what will happen is such a small part of it that my time is better spent on honing the execution side.
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That's what I like about trendlines. Like in that silver chart I posted earlier.... I can see the upper resistance and if I short when it is at (or near) that line at 7.40.... that gives me execution on the buy/short side.
If it goes against me and breaks above the line..... that is a definitive point to cover the short. If it goes my way and reaches the lower support line... that would be a clear place to cover also.
10-29-2004
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