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Monday, October 12, 2009

EG reached target




This is one of the vwap engine set ups.

Buy from MDM with final target at Daily ATR distance away from entry level.

Stoploss is 1.5ATR of hourly bars.

On this chart:

Red line = final support line, below that is potential trend change

Blue lines = target lines

White line = original expected trend line

Green line = target line from white line

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