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I am a little of both, day and positon, but I take a little different tack.
I figure fair value, than when I find something off, I position myself
accordingly. This requires some capital intensive trading at times, but my
time horizon is never more than a 6 weeks. for example. the EMK0 at the
CME is over priced right now. I hope to be out of this by the end of this
week, middle of next at worst. As the fixings come in, it should come of
nicely. I don't really have a grasp on how to incorporate TA into my
models, but if someone has any suggestiion, I would be interested in hearing
them.
Mike
----- Original Message -----
From: T-Bondtrader <t-bondtrader@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, May 03, 2000 12:55 PM
Subject: [RT] Re: RT
>
>
>
> ----- Original Message -----
> From: "Joe Frabosilio" <joe6964@xxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, May 03, 2000 6:29 PM
> Subject: [RT] Re: RT
>
>
> > Cool,
> >
> > I can see someone's post from the list.
>
>
> Re-send from yesterday - following email problems!
>
>
> A good Inside Day trade today, for those who have to day trade to put
bread
> on the table, and the outside bar of a continuation Doji Sandwich for
those
> who position trade.
>
> This DS is all the more significant because it is approaching the
> extremities of the bearish retracement from the DS on the Contract High.
> The portents must be for lower prices - especially if it breaks the line
> and
> First Friday in May, might just be the catalyst.
>
> While most DS patterns are at their most useful when indicating a change
in
> trend - as happened on cue with the last one I pointed out - when they
> appear as a continuation pattern, as the market approaches a significant
> line in the sand, they can be equally valuable.
>
> I hope this is of some help to those who want to learn to read what the
> market is doing from the price action itself, rather than the calculations
> that are derived from it later (or too late!).
>
>
> Bill Eykyn
> www.t-bondtrader.com
> "Learn to read the tape"
>
> PS Today's price action is bearing out the probabilities once the bullish
> line was broken - so the bonds, for once, seem to be going down along with
> the S&P. Now that is nearly news these days!!
>
>
>
>
>
>
> - Continuation DS.gif
>
>
>
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