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I "believe" it is part of her Taylor method type trades. This one
refers to the tendency of the S&P to follow through for 1-3 hours after
a so-called Buy Day (open low and close high). After follow through,
the markets will consolidate and possibly reverse.
<p>S&P 500 wrote:
<blockquote TYPE=CITE><style></style>
<font face="Comic Sans MS"><font size=-1>Has
anyone heard of "THE GOLF TRADE" by Linda Raschke</font></font> <font face="Comic Sans MS"><font size=-1>This
is a trade that I have heard about before but it was mentioned again on
here web site as one of the many methods that she will be teaching at her
next seminar.</font></font> <font face="Comic Sans MS"><font size=-1>Any
help would be great</font></font><font face="Comic Sans MS"><font size=-1>Rob</font></font></blockquote>
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</x-html>From ???@??? Sun Sep 26 22:00:55 1999
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Date: Fri, 24 Sep 1999 18:06:07 -0700
From: Arthur Marcus <rtchoke@xxxxxxxxxxxxx>
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To: Jim Johnson <jejohn@xxxxxxxxx>
CC: S&P 500 <sp500@xxxxxxx>,
"realtraders@xxxxxxxxxxxx" <realtraders@xxxxxxxxxxxx>
Subject: Re: Linda B. Raschke Golf Trade ???
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Based on certain indicators, you buy or sell the S&P on the close and
hold it overnight, looking to exit the next morning, and taking advantage
of any "gap" that might occur in your favor. Called Golf Trade because
you put in your stop loss (used to be 300 pts when 100 points were worth
$500) and your profit target (used to be 100 points or whatever extra was
gained from gap -- yes, 1:3 reward to risk ratio) and go out for the day
to play golf. Several years ago there was a period when the
trade was over 70% profitable, but with the increased volatility of the
last 1-2 years, the overnight exposure has perhaps more risk than the advantage
of the gap opening. Don't know how it's doing lately.
<P>Jim Johnson wrote:
<BLOCKQUOTE TYPE=CITE>
I "believe" it is part of her Taylor method type
trades. This one refers to the tendency of the S&P to follow
through for 1-3 hours after a so-called Buy Day (open low and close high).
After follow through, the markets will consolidate and possibly reverse.
<P>S&P 500 wrote:
<BLOCKQUOTE TYPE=CITE><STYLE></STYLE>
<FONT FACE="Comic Sans MS"><FONT SIZE=-1>Has
anyone heard of "THE GOLF TRADE" by Linda Raschke</FONT></FONT> <FONT FACE="Comic Sans MS"><FONT SIZE=-1>This
is a trade that I have heard about before but it was mentioned again on
here web site as one of the many methods that she will be teaching at her
next seminar.</FONT></FONT> <FONT FACE="Comic Sans MS"><FONT SIZE=-1>Any
help would be greatRob</FONT></FONT></BLOCKQUOTE>
</BLOCKQUOTE>
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</x-html>From ???@??? Sun Sep 26 22:01:00 1999
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Date: Fri, 24 Sep 1999 21:57:35 EDT
Subject: Re: Linda B. Raschke Golf Trade ???
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In a message dated 99-09-24 21:30:42 EDT, rtchoke@xxxxxxxxxxxxx writes:
> Based on certain indicators, you buy or sell the S&P on the close and
> hold it overnight, looking to exit the next morning, and taking
> advantage of any "gap" that might occur in your favor. Called Golf
> Trade because you put in your stop loss (used to be 300 pts when 100
> points were worth $500) and your profit target (used to be 100 points or
> whatever extra was gained from gap -- yes, 1:3 reward to risk ratio) and
> go out for the day to play golf. Several years ago there was a period
> when the trade was over 70% profitable, but with the increased
> volatility of the last 1-2 years, the overnight exposure has perhaps
> more risk than the advantage of the gap opening. Don't know how it's
> doing lately.
Stay Away. That risk/reward ratio is deadly. I got interested a few years
ago, based on a friends results. By November he had made over 28000 with it.
By middle of december he was down $4000 and quit. Those that didn't quit
lost another $8000 on the next few trades.
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