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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 (3921)9/11/1998 9:18:00 AM
From: SE  Read Replies (1) | Respond to of 44573
 
I have been bearish for some time. Most of my trades are to the short side, although I have made a couple of points to the long side as well.

Since I am going to be gone, I am thinking about picking some targets and putting in a sell (hoping for a bounce before I leave) and then a generous stop and a cover target 10 points or greater. If I can get the right entry I think it is a no brainer. Of course I am going to have to risk quite a few points to ensure it works, but I will try to do this from home later this morning before I leave. If I cannot get a good entry, I will pass.

But, yes, I think down she goes. Heck, just put in a sell one contract at 12:45 eastern and do a close at 1:55 eastern and I think you will be ahead of the game. If you wish to risk the bond close, close it at 2:45.

I wish I could be around to see whether or not the above would work worth a damn or not. That would be my best guess however, and could be changed depending upon the morning session, but I doubt it.

Of course, it is colored as I am bearish right now to begin with.