Trade the break-out, trade the bounce, or wait for a perfect signal

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03-01-2010, 12:59 AM

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Trade the break-out, trade the bounce, or wait for a perfect signal

Trading the bounce from a recent price reversal that is hitting major support, will more times than not be more reliable than trading the break-outs to new highs. Contrarian trading the bounce tends to create more trades you are already in as the new break-out occurs at the other end;...

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