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

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To: Leland Charon who wrote (7929)	11/5/1998 2:52:00 PM
From: Patrick Slevin	Read Replies (2) of 44573

Yeah, to be honest I sold half only because this is where it stalled yesterday. Also, by coincidence perhaps, it's around where the Upper Tine is on one of GZ's farm tools. If it were to move through it, however, it certainly would seem to be a powerful move as Williams says. So, I have mixed feelings. I was going to fix a stop at 24 on the balance but then again it may be wise to double back up again on a pullback. You know, the more I think the more I get myself into trouble. Messing around, doubling and tripling positions is pretty dangerous stuff. I think I shall reduce to several small contracts if it pulls back and then I won't have so much exposure. That way I can day trade the large and if the smalls start paying for themselves I'll slowly upgrade them to the large contracts. Sounds like a plan; sorry I got a bit off track. Sometimes it helps when I see my thoughts in print. It fleshes out better I guess.

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