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

To: GROUND ZERO™ who wrote (768)	6/25/2000 10:59:00 AM
From: David	Read Replies (1) \| Respond to of 797

Hi GZ, The buy entry I had on Friday was a lucky hit. Since the trade was against the system signal, the stop had to be tight. In fact, if I have traded strictly with the signal, I would have done very well this time. I may try that again Monday or Tuesday because of incoming Fed meeting. Then again, your way of playing is the right way -- go with the trend! David

To: GROUND ZERO™ who wrote (768)	6/25/2000 11:57:00 AM
From: David	Read Replies (1) \| Respond to of 797

GZ, I have developed a very short term trading system recently. It trades only NDX future. The system works like this: After 3pm on any trading day except last trading day of a week, if NAZ is at day high and a/d on NAZ is positive, go long on first pull back. If NAZ forms an intraday V shape and is near day high, set a buy stop above day high; if the stop order is not triggered at 4pm, go long if NAZ is at hour high (between 3pm-4pm). In either cases, NAZ will probably trades high early next morning. If trend continues, keep the position. Otherwise, get out with small gain or loss. A/d is the filter in this system. Do the opposite on the short side. I have traded it recently on a test basis, the results have been pretty good. Another possible playing strategy is: after entry, set a limit order to get out (including overnight session) with certain percentage of profit, say 50 points at this level. I can't use computer to test it now because I don't have historic intraday data at this point. If you are interested, take a look. D.