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

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To: John Pitera who wrote (29176)	7/31/1999 1:04:00 AM
From: Patrick Slevin	Read Replies (1) of 44573

Tuesday and Wednesday. My best weeks are Fed and UnEmployment weeks Don't ask me why, I guess I can usually guess or anticipate what is going to happen at 2:13 and posture that way when the Fed announces during FOMC weeks. Just luck, I suppose. Unemployment weeks have a statistical bias that repeat and are relatively easy to trade. At least I think so, anyway. The logic may only be apparent to my way of thinking, of course. Odd isn't it? But I was told this by two separate people...that people have "good" days and "bad" days when day trading. So I kept a log and it jumped out at me, I kill myself on Friday afternoons. Look at today, I was tempted to trade it Long in the afternoon when it was definitely a poor choice. I even knew it was a poor choice, but if I had hung around 5 would get you 10 that's what I would have done. My charts aren't up and I did not really look when I returned, but I am predisposed to think that the better posture would have been to wait for a rally then hit it again with a Short. However, I never would have thought of that at the time.

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