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


To: ViperChick Secret Agent 006.9 who wrote (1904)8/5/1998 12:24:00 PM
From: SE  Respond to of 44573
 
Yes, only the best looking trades. I will get probably a dozen short term signals in a day. The key is being able to identify the right ones.

For example, I just got a short signal and took it. Then indicators changed slightly, I did not like the look and closed it out.

Short, 12:16, 1185.50
Out, 12:17, 1185.50

It probably would have been a good trade, but my problem was I went in a touch early and the situation changed slightly. BTW, I entered the cover at 1184.50 and got filled at 1185.50, so the auditrade system does give you the real time lapse that one would experience on fills....well at least in part.

That is how quick it can happen. Looking back now, my out was the correct move and it was indicated by the approach I use.

-Scott



To: ViperChick Secret Agent 006.9 who wrote (1904)8/5/1998 1:22:00 PM
From: SE  Read Replies (1) | Respond to of 44573
 
Did another, FYI.

Short 1082.30 @ 13:13
Out 1080.20 @ 13:17

Net 2.10 points.

Probably could have held for more, but in these fast markets I like to take the points and run. Just add up a couple of points a day and it is not chicken feed in the S&P's.

Of course, a couple points loss a day isn't either....

-Scott