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Old 08-13-2009, 09:43 AM
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Ken Ken is offline
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hi - as I mentioned in the videos, the main reason to avoid an entry based on longer time frame chart is if it's approaching recent resistance levels when looking at multiple timeframes... eg if on a 7-day chart it looks like a breakout, but on the multi-month chart there's a previous horizontal s/r level/cup pattern, then it's best to be cautious.
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