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You are generally better off to get the incoming links to the site you want to rank, and give out the links on your other sites. Try not to do many recip (2 sites linking to each other) unless they are solid sites in the niche you are in, or an authority site of another niche.
A good strategy is to set the site you are trying to rank to hidden in Linkspun, and then it wont show up in trades/search for other users to request links on, but you can still request links to it, and monitor its trades. It's a solid way to make sure you are only adding links to it, and not on it. You want to strengthen up the link juice on that site not fill it with holes for the juice to spill out.
ABCD is pretty much the standard trade done at LS (but all others are possible as well), and that is when I request a link on your domain A to my domain B and then you get the request and look through my domains and request a link on domain C, pointing to your domain D (the site you want ranked and are getting links for.).
It's that simple, and very hard to set any linking flags up, all links added and gained will be one way in look and feel, and none of the sites end up tying into each other for a footprint to follow.
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