Wednesday, May 18, 2005

20ma entry

Sure enough the price came back down to the 20ma again and I didn't take the trade. Good think too because even though it was higer at some point it wasn't high enough to make it worth my efforts and it was a break-even play +_ a little. The more times it retest the 20ma the less likely it is to continue on the run at the same rate.

Trader X

PS. Sometime is is best to just walk away!

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