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Consolidation Confusion

August 15, 2012

My first entry of the day was long from support. I was stopped out to the tick for a 1.50 point loss. As we failed then failed to make either new highs or lows, I stood aside. Consolidations like this are never as easy to identify in real time as they are after the event. Although the fear of missing an opportunity can be strong, the best advice is probably ‘if in doubt, stay out’.

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Daytrading Screenshot 15th August

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