If memory serves from the Schwart book it is merely an entry for
a quick trade only...it is not a system ..the opposite is
also true...above 1400? i think for a quick short trade...for
scalping only..hope that helps
brophy You're right. He usually doesn't hold for more than
3 days. Of course because he is trading options he gets
out before the volatility premiums contract. BTW I am talking
about Cook, not Marty Scwartz.
brophy -- Now I don't even remember what CArter says in his book
-- he has a specific setup called the tick fade. Have to read
it again! But it does seem like a scalp trade
signal..................still begs the question of an
exit............would be nice to qunaitify that.
When buzzy Schwart used it, he would wait for the signal long or
short and go in big time with 20-50-contracts of full S&P fut
contracts and then take a quick profits before it reversed...
I guess you have to develop a system for this yourself
Michael!
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If memory serves from the
Posted by brophy on 13th of Jan 2009 at 02:56 pm
If memory serves from the Schwart book it is merely an entry for a quick trade only...it is not a system ..the opposite is also true...above 1400? i think for a quick short trade...for scalping only..hope that helps
brophy You're right. He usually
Posted by vmath on 13th of Jan 2009 at 03:06 pm
brophy You're right. He usually doesn't hold for more than 3 days. Of course because he is trading options he gets out before the volatility premiums contract. BTW I am talking about Cook, not Marty Scwartz.
brophy -- Now I don't
Posted by Michael on 13th of Jan 2009 at 03:00 pm
brophy -- Now I don't even remember what CArter says in his book -- he has a specific setup called the tick fade. Have to read it again! But it does seem like a scalp trade signal..................still begs the question of an exit............would be nice to qunaitify that.
When buzzy Schwart used it,
Posted by brophy on 13th of Jan 2009 at 03:04 pm
When buzzy Schwart used it, he would wait for the signal long or short and go in big time with 20-50-contracts of full S&P fut contracts and then take a quick profits before it reversed...
I guess you have to develop a system for this yourself Michael!