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

To: Chip McVickar who wrote (40041)	12/4/1999 6:30:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

I don't know if wiggles translate into intraday bars? Don't know why they wouldn't? The patterns are the same, it is just the arbitrary time frame that is different. They should work on any time frame I would think...... I don't take much pain at all. I like to use 8 tick stops and when I get 8 ticks plus I move a stop to BEC (Break Even Plus Commission). Then I trail a stop at that point, once I have 12, my stop goes to 8 and I keep the 4 tick trailing. Usually these are just intraday trades for me. I don't normally hold them overnight.....in fact, I almost took the trade off on FRI, but I had a few ticks going into the weekend and given the ramp up we had on FRI I thought the risk reward would be that we open lower rather than higher on MON. Heck, I could be mistaken and the mo-mo crowd gets me, but I somehow doubt we open a full point higher or something nutty like that. Anyway, have a good rest of the weekend.... -Scott