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Into which category would this one fall and how
much more room do you give it?
Kevin
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You don't want it
closer.You want to give a B&B room, I should
clarify:The "basic" rule is that you get out soon becausea B&B
should support within 3 bars of crossing the 3X3.If it drags on (as in the
PAYX B&B look-alike), you get out near breakevenThe next
"basic" exit is the 3-period rule.Both of those give a trader simple
protection, keeping lossessmall.The "advanced" approach, once you
have confidence inyour trading and Fib skills, is to give it room. Then if
itfails, you can exit on the rebound after the bad B&B
doessupport, and even enter another position at the lower support.The
second entry would be a trend trade, not a B&B trade.Those two trades
are handled completely differently.Fun eh? Luckily my family
is running errands, or they'd be whining"are you on the computer
again"??-Neal.At 07:42 AM 10/26/00 -0400, you wrote:
The result is that B&B's should be low risk and very profitable on
average... This is a very important issue.. Figure it out...
I can't find a nearby "K" on the intraday chart that would have put
the stop closer.
Kevin eGroups
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