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Thursday, June 30, 2005

Just a technical tradingday

Four trades today. When I looked at the market this morning I quickly grasped it for today. I intented to enter the market at a certain level. The 4605, the level I had in mind, playing an important role throughout the day. I wanted to trade long when closing above it.

But as so often happens the market initially didn't make this expected move and went south below 4600. See chart. I tried to go with it but never trust the first movement. Trading is about adaptation but this trade went into a loser. The other three trades were winners and traded around 4605.


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