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Why You Have To Trust Your Method

Monday, 01. May 2006
2/23/06 $25,000 - Current $29,574

Indicators are in buy on the S&P 500 futures market which is confirmed by chart pattern of higher highs and higher lows. 1316.75 is the price focal point that will be used to trigger entry into the market. We require 1316.75 price level to hold as support and buy on a confirming pattern like an ascending triangle to trigger our buy. Also the entry should be done with momentum going in our favor. Current market conditions have been chaotic as of late which is actually conducive to our method, but its critical to trust your method, whatever it may be. Most methods are probably benefical, but its when methods are compromised when they become harmful. For example, take some signals but not others for no reason, or cherry picking trades. Mistake! Our method tells us we want to go long so thats what we'll attempt to do with normal confirmations mentioned in this and past posts. I should also mention that it is possible to go short below 1308.75 price level but that is less likely because of the markets momentum, but its being mentioned because we can never be so rigid as to close our eyes to what the market is doing now. 


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