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Tim, do you have a set of guidelines you use in identifying coils: minimum
number of bars, percentage retracement of preceding move, minimum time
frame, etc.? Also, when you refer to "trading against the edge" of a coil, I
assume that in the case of a decline you are referring to selling against
the high of the coil - do I assume that this means you require a retracement
to establish the upper bound, decline to establish the lower, then sell the
rally by fading the next retracement a couple of handles short of the upper
bound?
Earl
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