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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Chip McVickar who wrote (1876)	6/14/2001 2:48:58 PM
From: fut_trade	Read Replies (2) of 12411

"Whats your style... scalping, short term runs" Scalping right now - looking for 2 or 3 points in a 2 to 4 minute trade. But I'd like to work on longer term trades lasting as long as the close of the day. I haven't got that feel yet. "What's your screens like DeMark break outs, swings, MA's, ewaves, RSI, etc." I did a lot of work with DeMark indicators and am of the opinion that they are no better no worse than anything else. I also tried an 8 period RSI on the 1-minute chart of the e-mini to catch the up and down movements. Also tried moving averages. But I don't use any of those now. I just watch for consolidation on the major indices and the e-mini and play the break. Of course the trick is to buy low and sell high - which can be difficult on a false break out. I buy near resistance and sell near support on a nonvolatile day. So basically I just watch price consolidation on the 1 and 5 minute charts and look at longer term charts for direction.

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