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

To: GROUND ZERO™ who wrote (7846)	11/4/1998 1:25:00 PM
From: Tom Trader	Read Replies (1) \| Respond to of 44573

Hi GZ, FYI, I went flat the position trade at 1128 this am, per the system I think that I mentioned to you that when I reach a pre-set profit target -- which is really a derivation of the entry price in terms of a percentage -- currently 45 points, I take profits and go flat. The discussion on the pitchfork is interesting because perhaps there may be an alternative way to decide when to take profits. I need to look at that further and see if it can be back-tested and integrated into the system. Will wait for the next signal before I take the next position -- this would have to be a short trade--or at least a sell signal-- before I can go long again on a buy signal.