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    DA
    day trading
    Rep: 39,586
    Posts: 6,370
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    So the POC is right at 1100 even:
    http://www.mypivots.com/board/topic/5894/2/value-areas-and-point-of-control-2010-q3#64840

    Economic Events for Friday:

    08:30 AM GDP
    08:30 AM Employment Cost Index
    09:45 AM Chicago PMI
    09:55 AM Consumer Sentiment
    03:00 PM Farm Prices

    http://www.mypivots.com/trading/economicevents
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
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    I BELIEVE I SHOWED THAT AN HOUR AGO ...1:59 CHART... IT WOULD ALSO BE THE 'NORMAL ' 20 handle range...
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    nice trade Blue!!
    NI
    NIGEL68
    Rep: 280
    Posts: 34
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    Hi KB!

    I am following your tools, price projection, I have to tell you, they really work! Thanks for sharing these tools.

    10 Handles today! :)

    Click image for original size
    BR
    BruceM
    Rep: 216,211
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    there is a gap at 98.25...late for fades but keep it in mind...I'd like to see them leave that and you folks get your 1104 first...
    BR
    BruceM
    Rep: 216,211
    Posts: 19,895
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    this gap came with volume..here it is
    Click image for original size
    NI
    NIGEL68
    Rep: 280
    Posts: 34
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    (Edited )
    Air pocket


    Originally posted by BruceM

    this gap came with volume..here it is
    Click image for original size


    Click image for original size
    LO
    Lorn
    Rep: 16,037
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    (Edited )
    Nicely shown Nigel!
    NI
    NIGEL68
    Rep: 280
    Posts: 34
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    Originally posted by Lorn

    Nicely shown Nigel!


    Thank you L! Learning alot with all of you guys! Finally I am appling it and it is working. :)
    MR
    MrTee
    Rep: 109
    Posts: 13
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    I made 40handle from kool tool today. Thx so much
    NI
    NIGEL68
    Rep: 280
    Posts: 34
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    (Edited )
    Originally posted by MrTee

    I made 40handle from kool tool today. Thx so much


    Wow, is this not great! good for you.

    Air Pocket filled.
    Click image for original size
    KO
    koolblue
    Rep: 48,651
    Posts: 16,032
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    You're sharp,Wendy! Actually , i dont normally use fib retracements, just my Kools tools fib extentions. Sometimes, tho at what i feel may be an important high or low, I sometimes look around for any other kind of corraborating evidence to support my theory (like is there support or resistance here?,are any cycles topping or bottoming here,is this a previous high vol zone?,...etc). Probably just a confidence booster. I have never found fib retracements to be tradable. Doesnt mean they arnt, just not for me. In this case i believed the low was important in that i was looking for the daily low to be made here, and possibly for the next few sessions. I was caught a little off guard as if memory serves, i had just logged on 5-10 min before it occurred and really had no time for much study!. That in itself speaks to the power (and confidence i have) in my fib extentions. Hope this helps explain my view and actions a little better.