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Sean,
If you can discipline long entry above the daily pivot and short below
and then also use support/resistance lines you may find that the entries
do not require large stop losses. I look for entries on 5 minute chart
patterns but always with the first rule in mind and then plan exits
based on hourly support/resistance with a trendline on 5-minute chart
to be able to keep the profit.
Good Luck,
Kate
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