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

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To: Robert Graham who wrote (39837)	11/3/1999 6:12:00 PM
From: Matthew L. Jones	Read Replies (1) of 44573

A question for the S&P gurus: Today we traded in a range of 12.25 points. I traded my butt off trying to make my goal. Range trading is particularly difficult for me (it took me 13 round turns to eek out 22.75 net points). Here is my question: Do any of you have a technique where you have a way of determining an average trade range movement, and then put in a buy stop at the lower end of that range and just plan to sell X points above (or vice versa when shorting)? I could have made twice as much with much less work if I hadn't been stopped out of half of my profits. In other words I would catch at 3.5 point move and give back half of it because of my stop system. If I could have determined we were going to range trade I could have caught the first double top or bottom and traded a 3 point range again and again. I've noticed that when we are range trading, the Bollinger bands seem to work real well where the 1% channels work better when trending. Is anyone else noticing this as well? Thanks for any comments. Matt

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