DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Dominick who wrote (17519)	9/27/2005 8:50:07 AM
From: werefrog	Read Replies (1) of 18137

"I agree the squawk box is an important component in determining if a rally or decline had substance" I suppose you could use a squawk box for that. I, and a lot of others, use it play the market turns. here's a example for playing Q's & mkt performing stks. DOW is falling -100 -120 -150 ofcourse ES will be falling, leading the DOW down. I've got my buy screen up waiting to enter "Long" for the bounce. But when do I pull the buy trigger???????? At one time in my trading career I used the "EYEBALL" METHOD BUT i HAD PROBLEMS WITH THAT..then I learned about using "FUTURES" for market timing. I go long when sp futures turn up, my confidence to pull the buy trigger is re-enforced by top traders going long ES. How many times have you seen the DOW down 300, then rally a couple hundred points? I, & my compadres catch those rallies & our timing is purely mechanical. The risk is if we get a "Head Fake" & futures turn back down, our stop will be when ES goes lower than our entry, then we would bail & try it again at the next bottom.

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