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

To: Tom Trader who wrote (2238)	8/21/1998 9:28:00 AM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Placed a limit order to take a half position--long-- at 1082 Initial stop is at 1075

To: Tom Trader who wrote (2238)	8/21/1998 9:29:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I'm getting a lot of 503 messages myself. I don't know how much of a bounce you are looking for. Poor action on the E-Mini suggest a bounce for a few minutes....but I'm waiting to try to put on a short. As Nemer and I noticed some time back, the market usually trades in the opposite direction from the E-Mini direction going into 9:30 and the mini is lower. This message is delayed due to 503, sorry. Quite a long time, too. Another reason NOT to use the internet for trading. I would have my fist through the screen if an order was rejected for 5 or 6 minutes over stuff like this.

To: Tom Trader who wrote (2238)	8/21/1998 9:40:00 AM
From: Patrick Slevin	Respond to of 44573

Sorry I did not answer all of your question....the 503 is driving me to distraction. I was wondering how low your system would let the market take you. It's pretty close to where I would have put a stop as it is. I would not like to have a trailing stop more than 2 to 3 points....now at 85, I'd clear out at 82. Then raise it point for point, looking to get no more than 90...if that. Probably I would dump half there and let the stop work after that. Just my thought. I'm not doing anything from the long side. I'm also probably not going to be here long, as the 503 takes up too much time.