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Today we look at FB on the 5 minute timeframe. After setting the scene, we poll the room to see if people are looking to go long or short. Since key moving averages are below us it seems logical to buy a bounce. After discussing proper risk versus reward, we help set up peoples stop losses. We do get an initial bounce but get a pretty big upper wick on the next candle. While we understand if you want to mitigate based on ‘feel’ but that does not entail just closing a position for no reason. This trade goes on for more than 4 dollars which is why we trail our winners.