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Strategies & Market Trends : Dow Jones Futures -- A free paper trading service -- Ignore unavailable to you. Want to Upgrade?


To: David who wrote (402)4/5/2000 3:14:00 PM
From: Patrick Slevin  Respond to of 797
 
Well, sure. Taking a sideline is taking a position after all.

The way I traded it today was to use Limits, it was too krazy (especially early) to do Market. I don't see how you can do otherwise on DJ, by the way. The few times I traded it I had to anticipate where moves would stop and reverse, so I would set Limit Orders just under/over those points.

But today, I entered almost all my trades with a target in mind. Worked fine. Usually, the target was met and the market came back after not travelling much higher. Seems almost as if so many people are so gunshy that the up and down ranges have been tight and predictable.....almost because everyone was using the same pivots or something.

Whatever. They can do this again tomorrow if they like, works for me. A hell of a lot more challenging than yesterday.



To: David who wrote (402)4/5/2000 3:24:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 797
 
Was tempted to Buy the SP0M drop below 1513 for a potential run into late this hour but I think I'll pack it in and head to the course,

see you later.



To: David who wrote (402)4/5/2000 3:42:00 PM
From: GROUND ZERO™  Read Replies (2) | Respond to of 797
 
Still short... a bit testy about 30 minutes ago when the SP's made new highs, but I closed my eyes, went outside, and threw up...<g> I feel a lot better now, and I think this short will be a good one if we don't rally the next 20 minutes.....<g>

GZ