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


To: Jerry Olson who wrote (13387)1/22/1999 10:48:00 AM
From: Ms. X  Read Replies (2) | Respond to of 44573
 
Jerribeans we miss you in PnF land :-(



To: Jerry Olson who wrote (13387)1/22/1999 10:50:00 AM
From: Chip McVickar  Respond to of 44573
 
I went long at 1221-2 spx to fill the gap at 1235

Close trailing stops...after that I'm not sure

Also have not looked to see if the bounce was off a tine
from some where...I need to do that



To: Jerry Olson who wrote (13387)1/22/1999 10:51:00 AM
From: SE  Read Replies (3) | Respond to of 44573
 
Well, I just took mine short off the table for a gain of 21.50 points. The system would have had me exiting at 1222.00 for 30 points from the signal at 1252.00, if it was hit in the RTH. I will probably regret my decision to exit now, but remembering the 20 point gainer I had the other day that turned into a 4.50 gain leaves a bad taste in my mouth.

If I get a decent shot at another short, I think I will probably try it.

Nice feeling to book a decent profit.

PS - Chip, nice bullish divergences set up for a decent run to the up-side. Good going taking the long position.