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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: SE who wrote (41630)11/29/2000 12:27:10 PM
From: Patrick Slevin   of 44573
 
After posting last I got off a quick Short Scalp, but have not done anything else.

Everything looked like a Short there, and it would have fit the pattern for a mid-day high so why not. Cannot spend time watching so I just took a couple of points. Looking now, it obviously was the proper trade to stick with.

Have to go in a bit. Good luck if you do anything else.

By the way, I discount the first 30, 60 minutes when trying to determine a pattern. That is usually the time when the market is just finding it's legs. The trades come in from Europe, the people who position trade all day from the Open until the last hour, that sort of thing. It's the early wave of orders, then the market stabilizes and from there is where I try to determine the pattern.

So that early drop, presuming the pattern was calling for the "A" - like scenario, was the opportunity for the Buy....naturally.
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