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Old 07-26-2007, 04:53 PM
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Re: Scalper Daily Target

James, you should check out that Linda Rashke cbot webinar that dogpile was refering too, its really good. The cool thing about setting a target at 1 or .5 atr is the target will be dynamic with the market conditions as opposed to just an arbitrary number. She also says to immediatly put in an offer at a limit of 1-.5 atr to take some the emotion out. When you can put on more contracts scaling will take care of alot too as mentioned. To me you just have to look at today how a momentum player would view a range bound choppy market, it just wasnt your optimal market strategy wise but 100 points, kick ass
I imagine once you trade for 20 years there would have been clues today to move to a higher time frame and just ride the trend but I don't see how making that switch can be done without just alot of market experience.

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