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To: ratan lal who wrote (42240)5/5/1998 12:53:00 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 58727
 
That's pretty much it. Once you "see" a repeating pattern and trade it with rules that are rigidly adhered to it's less intuitive that it appears.

Primarily, it comes down to discipline. My first rule is that if I have 2 losers in a row I quit for the day. No sense in pressing. It's just Risk Management.

The system that people like you and I use work fine as long as emotion is left at the doorstep. That's the tough part.....trading the flow is easy by comparison.



To: ratan lal who wrote (42240)5/5/1998 1:00:00 PM
From: ViperChick Secret Agent 006.9  Read Replies (1) | Respond to of 58727
 
I use 1-tick, 5-min and 3-min charts with 2-MA, Stochastics and Momentum.
Additionally I monitor Tick and Trin.

I get into a position based on the 30-min inidcator and get out when the 5-min
indicator goes against my position irrespective of whether I maek a profit or loss.
Has worked great so far. And I have been punished very badly evertime I violate this
rule and go with my 'feelings' or 'news'


so what are the actual mechanics of this system

for example
the tick and the trin

and when you say you get into a position on a 30-min indicator what is the mechanical aspect...parameter of that 30-min indicator that you use that gets you in no matter what