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Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)

SWM - I have spent a few hours reviewing your comments and this chart alone and the info you have passed on has been very beneficial so many thanks Tech and Pav.

Tech - In relation to your earlier post No:13,043 MTU Chart:
It broke out on the 10th April 2013
You waited for price to return to 5.14, why that price?
Were you looking for a lower risk entry?
If so, were you looking at trying to get in very near to the half way mark of this bar?
Or was the volume of this bar not that remarkable that made you think it might pull back a little before running up again.
I do understand you are waiting for a micro pattern of about 5 / 10 days to exist to achieve a low risk entry and is that the reason you waited for this to little pullback?

Thanks for any feedback ... Debtfree

<blockquote data-quote="debtfree" data-source="post: 775859" data-attributes="member: 20158">Re: Technical Trading Exercise---Discretionary, (Pavilion103 &amp; tech/a)SWM - I have spent a few hours reviewing your comments and this chart alone and the info you have passed on has been very beneficial so many thanks Tech and Pav.Tech - In relation to your earlier post No:13,043 MTU Chart:It broke out on the 10th April 2013You waited for price to return to 5.14, why that price?Were you looking for a lower risk entry? If so, were you looking at trying to get in very near to the half way mark of this bar?Or was the volume of this bar not that remarkable that made you think it might pull back a little before running up again.I do understand you are waiting for a micro pattern of about 5 / 10 days to exist to achieve a low risk entry and is that the reason you waited for this to little pullback?Thanks for any feedback ... Debtfree</blockquote>

[QUOTE="debtfree, post: 775859, member: 20158"] [b]Re: Technical Trading Exercise---Discretionary, (Pavilion103 & tech/a)[/b] SWM - I have spent a few hours reviewing your comments and this chart alone and the info you have passed on has been very beneficial so many thanks Tech and Pav. Tech - In relation to your earlier post No:13,043 MTU Chart: It broke out on the 10th April 2013 You waited for price to return to 5.14, why that price? Were you looking for a lower risk entry? If so, were you looking at trying to get in very near to the half way mark of this bar? Or was the volume of this bar not that remarkable that made you think it might pull back a little before running up again. I do understand you are waiting for a micro pattern of about 5 / 10 days to exist to achieve a low risk entry and is that the reason you waited for this to little pullback? Thanks for any feedback ... Debtfree [/QUOTE]

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