CL Redux

Quote from cstfx:

Danielle is now Cat 4, but heading north and out. So no effect from that.
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Yes, checkout the timestamp of the latest advisory and that volume spike to the downside (15,000 5' bar).
 

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Quote from riskaddict:

oh well at least I stuck to my original R:R. But it sucks when a sweet gain turns into a little crappy one.
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If I may ask, why did you place that target at .80? (5 ticks above HOD), wouldn't it have made more sense 5 ticks below (if it holds) or 20-30 ticks above (if it breaks). Just asking, don't know if I'm missing something.
 
Quote from cstfx:

Danielle is now Cat 4, but heading north and out. So no effect from that.
More...
I probably look too far ahead but im watching the storm behind Earl that is developing. If it makes it to the gulf it wouldn't be until 8/3
 
Quote from Picaso:

If I may ask, why did you place that target at .80? (5 ticks above HOD), wouldn't it have made more sense 5 ticks below (if it holds) or 20-30 ticks above (if it breaks). Just asking, don't know if I'm missing something.
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I was asking myself the same thing:p My original thought was to place the order just below R1 but HOD holds more weight today I guess.
 
This collapse may have to do more with Intel downgrading previsions and being halted that with Bernanke's speech that falls in line with what was expected :confused:
 
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