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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (40040)	12/4/1999 5:56:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 44573

Scott....Your kids will keep you young, egar and agile.<<smile>> Okay, I just took a look at US0H...thanks that makes sense. Different contract price, Thank You. >>if I have 8 ticks or better on this short I will tighten down the stops and look for the exit shortly after that. GZ could give up 1/2 a point or a point intraday and as long as the close is where he thinks it ought to be, he doesn't care.<< Important difference when considering the methods and ways GZ trades. He can take a lot more pain then us smaller pockets. I tried to match him 40 contacts a week or so ago in the contest and got nailed when I didn't reverse fast enough. At the end of the day he was ahead 40 and I was -40.<<chuckle>> >>For my shorter term stuff I would have to trade the 30 min wiggles I think....take a look...maybe there is a 15 or 30 minute sell wiggle in the charts! :)<< I don't know if wiggles translate into interday bars? Inside and Outside bars seem to correlate in some degree to the daily patterns. I like the idea of trading the 30min bond chart...that makes a lot of sense! You could still be right...out with your charts and in the money and back in on the long side within a day or two. BTW...I'm using 13 & 34 min bars on trading the spoos. What have you worked out for stops on your bonds? What kind of pain do you take before you get out? I've been running with a +5 on the mini, but I get clipped. Chip Robert Barnes??? Done some work on systems testing and developing. I'll look at the notes and get back to you.

To: SE who wrote (40040)	12/5/1999 12:48:00 PM
From: Chip McVickar	Read Replies (4) \| Respond to of 44573

Scott, >>Very likely we both are right, or maybe even we both are wrong. Who knows. For my shorter term stuff I would have to trade the 30 min wiggles I think....take a look...<< There is only a wiggle on the US99Z chart...it's not on the US0H, 30 min or 15 min.... The US0H forks for the 34min and 21min charts suggest that the market could drop to 93'02. Also on the 8 min chart there is a smaller interday median line right at 93'12. If it breaks that it may reach the 93'02 area. There is a TP off the Nov 30th interday high for Monday's open. I will be watching the activity closely. Thanks for your responce! Chip