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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: robin 187 who wrote (6937)10/21/1998 1:28:00 PM
From: SE  Read Replies (1) of 44573
 
Yes, Looks like an opportunity to buy or sell....but does not mean go long or short at that point. The indication is that that will be the direction, but everything has to line up for a continuation of the move. Also I am only targeting quick, very short term moves. The buy/sell signal may only be good for up to 1/2 an hour, usually less. The entries are tricky and should only be done on a pull-back in prices as the siganls come usually after a fairly strong move (3 to 5 S&P points) has already begun. Just looking for a continuation of the move for a stab at 3 points or better, sometimes less.

-Scott

PS - While I was typing this response, I see the S&P has moved up 5 points from the entry. This would be considered an excellent move from my method and it is more than time to look for an exit. It might continue, it might not. I have no way of knowing at this point....
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