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FRPT; 012907; 15-minute chart at 2007-02-06 15:26:22
This is similar to some of Tom C's trades last week - there were a few red flags (namely an entry above the OR low), but I entered the trade aware of the increased risk.
FRPT gapped down and printed a red first bar with upper and lower tails (somewhat indecisive, but overall bearish). Price drifted up and narrowed in range over the next five bars. The sixth bar was a narrow-range (NRM), inside
