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


To: Chip McVickar who wrote (22928)5/11/1999 3:32:00 PM
From: Nemer  Read Replies (2) | Respond to of 44573
 
Chip --

What will take you out of the scalp trade?
I have to wait for the upper tine


I'm using 12 - 14 - 16 streaming data charts and simply going by feelies ....

no real targets set in stone ...

I'm initiating a position, setting the stop very close (most of today has been no more than 1 away I think ) and moving the stop quickly to protect profits and/or eliminate losses ....

I'm trying to lose no more than one point, insure a profit of two points and take any thing offered when the tick, trin, premmie, or price moves against me ...




To: Chip McVickar who wrote (22928)5/11/1999 3:38:00 PM
From: steve susko  Read Replies (1) | Respond to of 44573
 
I almost long when it was 1350, but too chicken to pull trigger. It ended as the low for the last hour. Market may rise thru 1364 again.