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

To: Jay Baca who wrote (17663)	3/4/1999 6:12:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 44573

My best advice, if you're new to trading, and even if you're not new to trading, is to wait until the market establishes a definitive and identifiable trend and then enter the market on a one or two day correction of that trend. Before anything, you must have a plan, some entry strategy and exit strategy even before you begin any trade. If you fail to plan, then you plan to fail. If you don't know what you're doing, you'll be eaten alive before you know it..... please be cautious..... After you plan your strategy completely, then go for it and have fun..... My Best Regards. GZ

To: Jay Baca who wrote (17663)	3/4/1999 6:16:00 PM
From: SE	Read Replies (2) \| Respond to of 44573

Jay, I have no idea what the report will do and won't trade until after it and the signals from the market give me an indication of which way I need to trade. I am sorry you have had a tough couple of weeks. Believe me I am there with you. If you really need a winner, I suggest your review your trades from the last couple of weeks and try to figure out why they went against you. Was it bad entries? Was it holding a loser too long? Was it something else.... You don't have to place a trade, you realize. I have been flat the SPOOs for a couple weeks now as I need to get my head back with the SPOO program. Prior to that I was spanked. I have made some good paper calls (NO, not the OJ paper trade either!) and am about ready to give them another go, but am being cautious with the trades. It has to be the right thing at the right time. Being flat is a position as well and don't get fooled into thinking you have to be in the market. All you miss is opportunity, the market will still be moving when you come back. Make sure you are entering any trade on good solid reasons and have an exit plan in place. I have no holy grail, heck if I did, you think I would still be working? :) Good Luck. Maybe someone else will have sounder advice than I can offer. -Scott

To: Jay Baca who wrote (17663)	3/4/1999 8:13:00 PM
From: Teresa Lo	Respond to of 44573

At this moment, the bond chart is still in a downtrend (still making lower lows and lower highs) and it doesn't look great to me...so the best thing to do is to wait until the number comes out and let all the dust settle (translation: let the pit boys whip out all the stops) and then trade it during regular hours. That is my personal plan. As for the market following the bonds, I know there is supposed to be a correlation buy if you're just trading minis in and out, I would just keep my eye on the emini chart and not worry too much about the bonds.