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Old 07-04-2007, 05:44 AM
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Re: The "False Break" Trade

Hey Brown, in all of Walters set up posts I always read it as a sort of "variations on a theme" style where they are all more or less based on his original "flip" trade just tweeked for different market conditions. In all of his trade setups I have always assumed that these are taken well after the first 1-2 hours of the trading day because they seem to require a lot of analysis on what the market may do on that particular day, so I don't think that he actually incorporates all of these set ups on a daily basis.

After the first hour or two of the market opening, he spots the way the market seems to be moving and then applies the set up variation of the flip that suits that particular day best. If hes shooting for 10-20 points net a day then he can go in and out about 2-3 times a day with these set ups.

Thats how I've assumed Walter is operating but them I'm just speculating!

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