|
PureBytes Links
Trading Reference Links
|
Trades must be taken relative to your time frame. For example, my longer term
charts show critical support is intact in the S&P, high relative strength, and
probability of higher highs. However I no longer position trade the S&P because
I'm not willing to risk the large drawdowns required to work with the wide stops
required to hold in this market. My intraday (5/30 min) charts continue to show
weakness and I chop out what trades I can. The one thing I will never do is to
trade any time frame without knowing, based upon my own analysis, exactly why I
am and when or where I should get out.
Earl
-----Original Message-----
From: Peter Namtvedt <petena9090@xxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, June 20, 1998 4:15 PM
Subject: Re: FUT - Current Trades
>I don't know beans about beans but as far as the S&P goes, I thought we
>were just starting the "summer rally" accoring to many of my sources.
>I know May through October are the months to short, but why not wait
>for a "cruel July?" I am long at this point based on advice from hints
>from zeus4@xxxxxxxx (zeus-holdings.com).
|