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

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To: SE who wrote (13730)	1/26/1999 9:23:00 AM
From: Tom Trader	Read Replies (1) of 44573

Hi Scott-- It's a moot point now -- given that the globex has closed almost flat When I was posting earlier it was down 5-6 points But if I had gone at 36-37, I'd have placed a stop at the 32-33 level. The 28 level would not have made sense from a risk/reward stand-point for a trade such as this one. At the 32-33 level we'd be looking at a risk of 4-5 points on the downside vs 7-8 on the upside with a much greater probability that the trade would be successful than a loser. >>What thought process do you go through on this? It's basically a combination of the intra-day charts and the daily charts in terms of support levels

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