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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 (2323)	8/24/1998 1:19:00 PM
From: SE	Respond to of 44573

Well, cancel that. It rocked up too quick to take a short entry and the TICK is moving too far in the right direction. It may still work, but I am going to skip it. Reminds me of other times it moved like that and kept on going.

To: Tom Trader who wrote (2323)	8/24/1998 1:54:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

on a real volatile day I often will take the 4 points or whatever on half, stop on on the other half, and look for a better re-entry. Those days I find I trade more....but usually I have the adrenaline going; so I don't notice it much. On the real volatile days I get stopped out a lot for a breakeven on the half position perhaps 2 out of three times. Volatile days require close attention to entry points. If it's just choppy...up 4 down 3 up 4 down 5 then I usually just walk away from it. If it's volatile but with a trending direction.....Friday trended down early then up.....then I'll hang in. The problem (for me) is that on a day like Friday I am too slow to realize there has been a change in intraday trend. Old age has made me too stubborn.