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Hah! Good approximation indeed... By done, I mean as long as prices run in my
favor, I stay in after the pattern worked. If they stop, I try to evaluate
quickly if that's a short term stop or a major stop, in which case I jump out
market. Short term meaning we are still in my pattern unfolding, major, meaning
we are now proceding to move to the next pattern.
It's like pulling a shoe string: When it starts resisting you start proceeding to
making your knot, but not before..., and not after...
Gwenn.
Scaletrade@xxxxxxx wrote:
> In a message dated 01/26/2000 3:04:46 AM EST, ggautier@xxxxxxxxxxx writes:
>
> > In futures, for lack of a better trend following system I just hit and run
> on
> > small patterns, getting in when they trigger and out when they are done,
> > trying
> > to collect bits and pieces. In the end it does end up though.
>
> Thanks, Gwenn
>
> "Get out when they are done." I guess that would do it, wouldn't it! Now if
> I only knew when it was done...maybe stick in a knife, and it comes out
> clean? I suppose there is still some art to this business.
>
> Larry
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