|
PureBytes Links
Trading Reference Links
|
<x-html><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD>
<META content="text/html; charset=windows-1252" http-equiv=Content-Type>
<META content="MSHTML 5.00.2919.6307" name=GENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=#ffffff>
<DIV><FONT face=Arial size=2>
<DIV><FONT face=Arial size=2>If you read the immediate responses on my brief
post, before the market opened, you will see just how complicated it must
be to trade on an analytical and fundamental basis, as a position
player. Just consider the thought and maths that went into
them...!!!</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>For me, as a daytrader, I saw the pattern, saw the
2-bar reversal, checked a few other basic points of support and resistance,
added two and two and, as it were, then read the tape. No incredible
workings out about this or that wave, what the fundamentals were doing with
bonds or elsewhere - simply, on what you could see on the chart, what was the
market pretty likely to be doing today, Monday....</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Well, I have not been sitting in front of the
machine today, or I would be up a big point a contract now and feeling it was
time to pull the plug and pull a pint. As it is my puts are up by
somewhat less because of all the factors that affect options and which do not
affect futures...!!) Still, I have cashed in to make a free
trade, so might as well let them ride for the time being. But
day trading, reading what the chart says it is doing, has to be, for me, the
most profitable way of collecting your daily bread, without too much risk or
fuss...</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Study the attached chart, which was put on the list
before the market opened and you will see that it does not take a
gargantuan brain to imagine what it has done, and that what it has done was what
it was most likely to do... After that it was just a matter of
applying a decent r/r/r and QED!</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>As for guessing the outcome of the Report
tomorrow.... as far as I am concerned that is
gambling. Far, far better to let the market tell you, show
you, and then make your move by reading the price action in front of you and
taking it from there...</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV></FONT></DIV>
<DIV><FONT face=Arial size=2>Bill Eykyn<BR><A
href="http://www.t-bondtrader.com";>www.t-bondtrader.com</A><BR>"Learn to read
the tape"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV></BODY></HTML>
</x-html>
Attachment Converted: "f:\eudora\attach\Sell the Bonds!1.gif"
|