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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.
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James Lee
TradersLaboratory.com
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