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

To: Clay M who wrote (8899)	11/22/1998 3:27:00 PM
From: scanshift	Respond to of 44573

www.scanshift.com S&P500 futures screen shots, I like your sophistication when it comes to the S&P 500 futures; at the end of the day my programmers usually put up 30 minute screen shots of the S&P 500 futures using our recently patented hub and spoke and range extension rectangle display. I think you would like the range extension rectangle, because it constantly gives you an understanding of how tight we are in the session relative to a normal day's trading range. The idea being, to catch the extension. Once you have had a normal day's range, it is a much more difficult call, because you can have a move back into the existing day's range, or a continued extension. The other thing, is that it makes it graphically easy to understand simple things, like where is the last relative to the high and low for the session. What type of size do you normally trade? I have been a member of the CBOE, CBOT and most recently the CME where I was in the S&P 500 futures pit, and if I could offer you any insights, please let me know.

To: Clay M who wrote (8899)	11/22/1998 9:38:00 PM
From: SE	Read Replies (1) \| Respond to of 44573

Clay, Yes, I am beginning to use MACD with my trades. I have seen what the divergences do to the price over the last several weeks and have a strong confidence that the MACD divergence will produce a winner, or at worst a break-even...unless all hell breaks loose. However, as you indicate, it is only one tool. On Friday I dumped cause I did not like the wild swings in the TICK. In the past when that happened with the TICK in the last hour of the day the SPOO tended to give up four or five and come back four or five and then give it up again and so on. I decided I did not want to go through those swings if they were going to happen so I got out. MACD was still solid and was all the way to the close on the five minute bars. Let's see what tomorrow brings.... -Scott