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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!
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To: Matthew L. Jones who wrote (1436)11/23/1999 9:38:00 PM
From: Patrick Slevin  Read Replies (1) of 7434
 
Well have a nice time.

I think you have a piece of the puzzle. Here is the piece I think you are missing.

You are trying to take the signals without a concept of the Day.

In other words, you should decide ahead of time that the Day is a Sell ..... or at least the Day is biased down early, up late ...... whatever.

So you are in a position where you aren't utilizing your data. Your longer term data is telling you this Market is "overbought", or "oversold", or whatever. So you have this data and it's telling you the Market is Short and you are taking the risk of the short term scalp.

Sorry, do not mean to come across as a preacher. My observation is, you are trying to trade inside of something without regard to the external parameters.

Great....just realized I have to meet with a bunch of Benedictine Monks on Friday. I must be practicing my "Holier than Thou" routine, sorry. See you when you get back.
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