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With this type of risk/reward ratio you won't come out very well in the long
run. A megaphone market will absolutely kill you. There is a set of numbers
that used to be called the bond numbers, that gave support resistance
levels. These levels were based upon yesterdays range. I know that Ensign
has the set, I don't know about Trade Station. Ira.
John Cappello wrote:
> R= 1112.6 S= 1104.0
>
> If market opens between these ranges, Sell at R or Buy at S whichever
> is struck first.
>
> If market opens outside this range, enter only if this range re-
> entered and Sell R on a stop and Buy S on a stop.
>
> 4 point SL and 6 point profit target, MOC...discretion optional.
>
> John
>
>
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