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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: SE who wrote (25326)	6/15/1999 12:36:00 PM
From: John Meade	of 44573

Scott, My system is strictly odds based (higher percentage of going here before going there type of thing) Yes, if it appears like it will be a more volatile day I'll expand or bring in the P/L range depending on if I like the direction I am supposed to go. As I am sure you have noticed I am pretty much of a bear. Even 95% of my scalps and reversal plays are shorts. Oh yea, unless this contract was to get into the 1400's , which I don't think is going to happen soon, my targets will basically stay the same (6/7) give a point in either direction. When I get a setup for any play, I already have the stop and targets predefined for that particular trade. Trying to read every little tick that happens and having it affect my stop and target doesn't seem to work for me in the long run. For me personally, I find adding more contracts to a good system makes more money at the end of the month than running some type of trailing stop. BWDIK. Everybody is different and thats what makes this game possible for all of us. John

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