Friday, December 14, 2007

Sweet Spot

When the VPOC and the fib levels I watch converge for a setup, I have a very high level of confidence to enter the market.

There were two levels to exit at, both of which gave a very efficient proft.

With a stop above the swing high of the setup, the risk was in favor 2:1 so I entered with both hands and enjoyed the ride.

A great way to end a great week =)

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