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Tuesday, October 07, 2008

Changed my P&F charts a bit

Switched to "close only" view.

In looking back on my last SMN trade, I would not have exited if I was following the close only chart.

Looking at the hi/lo chart, I think I would have exited three different times before the current run.

With the close only chart, I may have exited in the 40s but I generally want a two box movement past the last low or high depending on direction that I'm going.