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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 (9294)	12/2/1998 1:51:00 PM
From: SE	Respond to of 44573

Looks like a short setting up right now. TICK divergence, MACD divergence, albeit slight divergences. Stick around for a few and see what happens. I probably should have SAR'd it by the looks of things now, but at the time that would have been a mistake...

To: Patrick Slevin who wrote (9294)	12/2/1998 2:21:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

Yes, I won't argue with the 3.25, but I made a mistake. The prior low was at 64.00. I should have stayed with the trade until a prior low was taken out and then I should have exited it at that point. I would still be in the trade at this point had I not made that mistake. I was thinking point levels, meaning 64.50 was 3 points and I did not want to lose the 3 points...I also did not want to lose my streak. Two things I should not have been thinking about. Even had it spiked to 68.00, the exit was if it broke 64.00 and not before. Nuts. Hopefully I won't do that again! Just checked and I still would have been with the trade and the current bid is 70.75, 6.00 points higher and the new exit point would be if 67.50 was taken out.