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


To: SE who wrote (10967)12/23/1998 1:51:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
I don't like to trade against what I think is the pattern read.

Not that there isn't a chance for profit just that if the read is correct the greater profit and % odds are in the direction of the pattern.

In other words, if you can make 11 going up but 3 going down what's the sense considering the risk that the pattern will compress and going down will only play out for a few minutes like it did on that trade I had late yesterday.

Like they say in the books, "Don't fight the pattern", isn't that it?



To: SE who wrote (10967)12/23/1998 1:55:00 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
This may be the spike to sell. <e>