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WINNERS CIRCLE
Posted On: 09/30/2014 8:26:39 AM
Post# of 29744
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Posted By: mrchipper
Fish Out of Water Definition : see example below, You Dont BUY tops of WEEKLY Chart CANDLES ABOVE THE UPPER BOLLINGER BAND That Have More Than 50% of the Candle Body Above That Line , it usually does not end well for You , now if your in a stock and the weekly candle runs up and forms that candle ....TAKE PROFITS Because Everyone else will be that knows to. Also if you are just day trading , the 60 min. and daily chart you will also want to take profits when you see the candle get more than half way above the upper bollie as well. it will pull back and may never come back . These are stinkie pinkies , not big cap stocks


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