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THE SYSTEM LOOKS TO BUY/SELL RETRACEMENTS INTO AREAS OF SUPPORT/RESISTANCE WITH THE TREND. THEN AN EXACT ENTRY, EXIT AND STOP LOSS OF .75-1.25 IS PLACED. THE KEY TO THE SYSTEM IS THAT IT NEVER COUNTER-TREND TRADES THE MARKET. FOR EXAMPLE IF THE BIG TIME FRAME SHOW A DOWNTREND THEN THE SYSTEM LOOKS FOR A SNAPBACK OR RETRACEMENT BEFORE A SHORT IS TAKEN. EMAIL OR CALL ME WITH QUESTIONS. THANKS AGAIN.
JAY WIREMAN

eminidaytrader

11-Jun-08
Ym 5
EMD 400
ER2 290
DAX (525)
ESTX(170)
SMI 10
Net 10 /40

Something happened early on in the European markets to trip our stops and get us out of a beautiful Short position. I think it was the BOE announcement but I don't have live news so I can't be sure.
The system missed out on some major money AGAIN today.
Fortunately the late moves got captured in the USA market but we do not want to miss moves...

rdstagg