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TRADING NAKED

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the interpretation and application of price action concepts

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We all share a similar path in Trading. Even though you may not be a consistently profitable trader now, you can chose to enjoy the path. This alone may make the difference in your success.

 

 

OATPOINTS   from e-mini-traders yahoo chat group dated around 062203


[ 030323  ]  [ TradeStation code and screenshot  here  thanks to Vanier ]

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The Oatpoints Method works on the premise that resistance becomes support or support becomes resistance.

Basically, price breaks a pivot high (resistance) and then a 5 minute price bar closes above the pivot (resistance). If price retraces back to the broken pivots price it will now act as support and price will continue back up. It is easier  for price to go up now because the previous pivot (resistance) had been broken and is no longer resistance but is now a support area.

 

 

 


 

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