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Tuesday, November 24, 2009

#8



8- on the 5min chart you see the daily pivot at 40 which if you look to the candles to the left there is major support there. Plus you have a 50% FIB at 33 so i was not sure where the bounce would be, so i took a buy at 40 then it drifted down to 33 and i entered again a second position or averaged in which a rarely do now. And made some pips...

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