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


To: Patrick Slevin who wrote (3051)9/2/1998 10:55:00 AM
From: SE  Respond to of 44573
 
Well, I don't think I got as much as I could have. I was hoping a break of 996 would send us down hard, and it did not. The TICK was improving slightly and that had me nervous. I decided to hit the cover button if the ask got back to 997 and it did. Filled at 997.

I have a hard time with close-outs. I think I might have to forget about trying to get more than 2.5 or 3.0 points and just close out like I originally was....by buying into weakness or selling into strength. Trying to push each trade is limiting my gains on the off chance that this might be the 10 pointer. Not a good theory.

Hmmm...good thing I bailed.....probably another good shorting opportunity about now....over 1000 and no, I am not hitting it again...yet.

EDIT 10:01 - My method is on a buy right now, but I don't like the looks of it much....