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

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To: Gary E who wrote (20068)	4/3/1999 1:45:00 PM
From: Patrick Slevin	Read Replies (1) of 44573

I think if you have an understanding that the market is ready to move higher (for example) and you use short term trading skills to approximate a good entry then of course; all things considered why not hold it? What a day trader would do in that situation, I would think, is to try to find a good entry. Then, if the position moves in his/her direction sufficiently to establish a "buffer" between the Entry and the Close and all else points to the market continuing in the direction of the trade the day trader would be confident keeping it on. Lets say you entered on Thursday at 1293 and it Closed around 1302. Your buffer is 9 points, your work indicates a further rise with not much pullback. So, stay in it. On the other hand, you entered at 1300 and your work shows a further rise with not much pullback. You'd exit, not enough slack. Does that make sense to you? The point being, is you want a cushion; you don't need any unpleasant surprises come Monday morning.

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