20070829 1245. In the morning, we used one of the many free pivot calculators on the web to get the FKLI futures pivots. Having an idea of where the pivot levels lie, provides a framework from which trading plan for the day can be hatched. This will provide the safeguard from falling into the impulse trading mode, where trades are taken based on price movement. Trading in this manner is the way to blow out the trading account with many losses.
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