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Note: The top down analysis and the end of the webinar gets cut off due to technical difficulties. We apologize.
Today we look at BPMC on the 5 minute time frame. We see there is a key moving average we can use for an entry and most students do. As we unfold the chart, we see that most of us were stopped out based on the move through the 50 simple moving average. Those who were undisciplined and decided to continue using old support ended up taking a huge loss as the chart continued to crumble. This is just one of the many examples of why we honor our stops.