Traders Laboratory - View Single Post - Morning Breeze Strategy
View Single Post
  #7 (permalink)  
Old 11-10-2006, 04:02 AM
Soultrader's Avatar
Soultrader Soultrader is offline
Soultrader is looking for a new book to read

Trader Specs
 
Join Date: Aug 2006
Location: Tokyo, Japan
Posts: 3,059
Thanks: 120
Thanked 368 Times in 158 Posts
Send a message via Skype™ to Soultrader
Re: Morning Breeze Strategy

Thanks Raul... still very feverish but feeling somewhat better. I havent been this sick in years.

I dont use any type of momentum indicator and would like to ask if the flow of the tape is enough to judge momentum? Let's say the breakout occured to the downside with enough 10+ lots (for YM) on the bid, would this be enough momentum to confirm this breakout strategy?

I like to watch for size and the flow on the tape. Usually if the tape is rolling fast, this indicates a potential move in either direction. As the tape slows down, price tends to become choppy and I look to exit (if im in a position) or remain flat.

__________________
James Lee
TradersLaboratory.com
-----------------------------
Empowering traders with knowledge.

Please support TL by visiting our sponsors. Thanks!
Reply With Quote