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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (329)5/12/1998 1:12:00 PM
From: Tom Trader  Read Replies (1) of 44573
 
>>If you have not taken a position on the long side yet wait until some re-tracement back down. If you miss it, you miss it.<<

I have no problem missing a trade

>>But the choppy action suggests a back and forth motion. So, if you were to get long for a day-trade you may be safer looking at the area below the intra-day lows thus far.<<

I'd agree with you--though if it breaks out on the upside, a long position may be warranted. What level would it have to cross for it to be a break-out on the long side?
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