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

To: Patrick Slevin who wrote (43236)	1/10/2001 8:09:07 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 44573

I don't know .. I haven't ever played it myself. The way that the pattern moves, a limit order should be able to be planned (for entry) by about 4:10 or so. If that order is hit then you would have the next half hour to plan the exit. As I posted in the example, I had expected the mini to go to 1312. Since it did not, the limit sell would not have triggered. The spike needed to be stronger to take advantage of the reflex reaction. Using the limit entry, assures that the order only takes place if the effect is indeed in play. By waiting until 4:10 to place the order you screen out most after market news caused spikes.