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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (3589)9/9/1998 12:23:00 PM
From: Leland Charon  Read Replies (1) of 44573
 
TT,

A lot of my trades are based off of S and R for the Dow. I will often buy puts when the Dow tops out at R and buy calls when it bounces on support. This allows me to buy when the premiums are very low. It actually works pretty well because it is somewhat backwards from what most people do.

Yesterday I entered on a pullback because I felt the close would be very positive. Today I missed the entry I wanted but still entered when the market looked weak. A lot of what I do is considered tape reading. I also daytrade stocks so I really get a feel for the overall market.

Leland
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