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Northern Illinois | I use Box Theory. Draw a box around the recent price action. Take a position in the market if the price trades outside of your box. I don't care why a price moves outside of my box as I believe there is much more tied to price action than a person can know. All I care about is that a majority of positions are taken that moves the price outside of the box. If it moves outside of the box higher that shows a sign a strength. If it moves lower that is a sign of weakness. Buy strength and sell weakness. And use stops. | |
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