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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: Dan Duchardt who wrote (557)	2/14/2002 5:28:34 PM
From: gsp6181	Respond to of 11288

Dan, a leading indicator like rate of price change on 5-min bars might help you avoid that (combined with lagging indicator like MACD) and others that you might add like ACC/ DCC. There have been some good articles in Active Trader magazine in the last few months dealing with indicators and price patterns. Best, George

To: Dan Duchardt who wrote (557)	2/14/2002 5:29:55 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 11288

NEVER trade futures on a Friday after 11:00 ET, especially on a Friday before a long weekend, especially when that Friday also is last trading day for the options.

To: Dan Duchardt who wrote (557)	2/14/2002 7:20:51 PM
From: the-phoenix	Respond to of 11288

Dan: I agree with you 100%. I absolutely hate momo trading, and breakout trading. I seem to always lose. I can't stand buying at the high or selling at the low, and that is what happens all too often with those strategies. When we get these big, fast moves running over all the support and resistance levels, I just need to step back and say, "No, this is not my game. I need to just stand aside here and wait for the setups that work for me. Another trade will be along very shortly. Someone else can take this one." It's a greed thing. You see a big move happening and you're not on board. "Look at all the money I could have made!" Yeah, right.