Friday, May 26, 2006 7:50:48 AM
math, if you study the daily movements, you will find that the mm's will move the pps up and down in a consistent range, let's just say it goes up 7% and down 8%. Once you observe the trend you can trade in that range. Now, most would think will that's 15% that I can make. That would be very unlikely. Your goal should be to trade in that range not at it. If you sell you shouldn't care if the pps goes a tick or two higher, because then you know your sell order has been filled completely. Same thing with a buy order. Don't worry if the pps drops a little lower after you buy. Your goal once again is to get a complete fill. So if the range the mm's are using is 15%, then you should trade in a range of 10% to 11%...
Wick(w50)
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