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Strategies & Market Trends : S&P Index Futures (Daytrading SP)

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To: Jay Baca who wrote (6)	11/26/1997 12:31:00 AM
From: ratan lal	Read Replies (2) of 350

Jay << Can you go into more detail about how you use Stochastics? Buy and Sell Signals? >> I look at 3 charts. 1-tick, 1-minute and 5 minutes. I will buy when the 5-minute chart shows moving averages turning up and stoch crossing up from there base line (20 on a scale of 20 to 80). I sell when the 1-minute chart shows moving average turning down or stoch turning down. This is a safety play since SP is obviously on its way down and I dont know how far it will go down. At the moment I have a very fast fuse on getting out of my position to reduce my risk due to market volatiltiy. In normal times I will go to 1 tick, 5 minute and 30 minute charts extending my buy-sell time lines. I successfully shorted 10 contracts today but ended up getting only 0.20 ($500) at closing. Of course SP fell after closing. But I am not complaining. will try again for larger gains. ratan

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