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

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To: GROUND ZERO™ who wrote (24726)6/4/1999 9:48:00 PM
From: Patrick Slevin  Read Replies (1) of 44573
 
Funny thing, it probably won't work out.

I was telling Scoot earlier....I had to run out to play golf and I mentioned I would put in a buy somewhere and forget about it......

So he asked where.

Using some Fib retracements I had a target of just below 1330. So I used the same Fib line and got 1312 as an entry....sonuvagun it dropped to 1311.50 I think, filled me, and closed just below 1330.

Now, you know how Gosh Darned Fortunate I am with Positional Trades so I would think a betting man would wake up and smell the Folger's. I just cannot be that Lucky to have a winning Positional Trade.

So in light of the Fact that I am profitably Long based on the work of a dead Italian Mathematician I would say that I have one thing to say about this Market.....

DOOM!

(I'm just not this lucky)
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