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Anyone who used this signal to enter long on the small pullback immediately
following at 1340-1343 (right side of tick chart and two 15 minute bars
which followed) is off to the races. Although I am a strong advocate of
using stops in position trading, this is why I do not use stops in day
trading with possible exception of disaster stop placed far away from they
are disaster stops placed well away from the intraday action.
Earl
----- Original Message -----
From: <BobRABCDEF@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Sent: Monday, May 10, 1999 9:14 AM
Subject: Re: E-Mini Stop Clearing
> In a message dated 5/10/1999 7:59:10 AM Pacific Daylight Time,
> eadamy@xxxxxxxxxx writes:
>
> <<
> Re the recent discussion of stop clearing operations, attached is tick
> chart
> of e-mini between 9:07-9:08 Chicago time. Note the near vertical 8 point
> drop and recovery. This looks like a stop clearing operation just ahead
of
> an expected rally - we'll have to wait to see if the rally appears.
>
> Earl >>
>
> Wow, what a shaft job. Shows up on the e-mini but not in the big
contract.
> Someone(s) got taken alright, those who prefer electronic trading.
>
> BobR
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