Controlling The Edge
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It might not work out, but as long as a
trade with ‘your edge’ exists, you have to enter with confidence and
consistency. Know that a large part of your edge, and ultimate success lies in
the protection that you afford yourself in the form of protective stops.
11:50:02
Intraday
Update
Abercrombie & Fitch (ANF)
has formed an intraday triple bottom after testing 52-Week Highs. The most
recent action has some intraday divergence, suggesting a resumption of trend.
The stochastics (8,3,3) on the 5 minute chart, as well as volume are
demonstrating bullish characteristics off of this latest bottom. ANF is up .30
at 33.10.
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Bottom line, or in this case, triple bottom, it’s
the protective stop that will keep you in the game over the long haul, not the
individual trade setup.Â
Chris Tyler
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