|
PureBytes Links
Trading Reference Links
|
Glen,
Yesterday's drop from resistance levels and the small gap from yesterday's
high to Wednesday's low set up a possible pattern trade.
I was using the gap in yesterday's high 57.9 and Wednesday's low 56.2.
If the gap is closed I want out meaning the set-up is void
(that is why the close stop) but if filled with out taking yesterday's high,
then the pattern
would have setup and little would be at risk.... but today's action
continued in
congestion, and I was taken out with a small loss.
Looks like the bonds are getting closer to the upside break-out, but I am
waiting
for confirmation to go long (or a low risk pattern set-up to the long side).
Adam
----- Original Message -----
From: "Glen Wallace" <gcwallace@xxxxxxxx>
To: "MetaStock listserver" <metastock@xxxxxxxxxxxxx>
Sent: Friday, July 07, 2000 9:25 AM
Subject: Re: (Market) bonds
> Why "low risk"? I'm not suggesting it isn't, I'm just curious what
> your method is telling you.
>
> Also, that's a pretty tight stop. Was that a typo?
>
>
> ----- Original Message -----
> From: Adam Hefner
> To: metastock@xxxxxxxxxxxxx ; Matt Hefner
> Sent: Friday, July 07, 2000 5:51 AM
> Subject: (Market) bonds
>
> Looks like a low risk setup to short the bond market.
>
> MIT at 97.5
>
> Stop at 97.7
>
> This is NOT a trade recommendation!
>
> Adam
>
>
|