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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade -- Ignore unavailable to you. Want to Upgrade?


To: Ken Wolff who wrote (1318)7/29/1998 8:29:00 PM
From: Ken Wolff  Respond to of 2120
 
TRADING OFF WHOLE NUMBERS

I feel that most traders are numbers oriented and take action based on whole numbers...and derivatives easily guessed at...I doubt that any of you have ever thought of taking 3/64 ths profits... Or 5/32 s..Or even 3/16 or 5/16..

You normally gyrate to 1/8 1/4 3/8 1/2.. I believe it is sort of mindset that I have played off and done very well guessing at sell off and support prices.

It takes experience and very accurate note taking or a good memory for trading. It will help you at correctly finding the tops and bottoms...along with the "rhythm" method.

Ken
www.mtrader.com



To: Ken Wolff who wrote (1318)7/29/1998 11:57:00 PM
From: Baghul  Read Replies (1) | Respond to of 2120
 
Looking forward to more discussion. I see this thread is one of the hottest ones tonight!