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How about tick charts showing every trade at 5 times tick size i.e. spoo
tick is .10 and trades are running in .50 increments? How about huge
volatility in S&P premium? How about breakdown of traditional inter-market
relationships: bonds up and US$ down, bonds up and stocks down, bonds up and
utilities down? How about increasing failures in traditional trading
patterns, momentum and fib relationships?
Quite simply, successful trading rests on favorable probabilities and there
is no point in attempting to trade markets where the probabilities are no
longer favorable. The markets will always be there to be traded.
Earl
-----Original Message-----
From: Philip Schmitz <pschmi02@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, September 11, 1998 7:26 AM
Subject: Re: trades anyone?
>This is productive. Tell us more. In concrete
>terms, when do you stand aside based on
>volatility? Can you post an example? Other than
>chart tracings that look like 8.5 on the Richter
>scale, what criteria do you apply to determine
>when a market 'doesn't make sense'?
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