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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Teresa Lo who wrote (24023)	5/23/1999 1:49:00 PM
From: Steve Huskey	Read Replies (1) of 44573

<<if I see stops taken out and the market does not continue to go in the direction of the prevailing trend>> Good eye and a nice way to see what's going on. I'll have to explore this technique some more. To carry this one step further... if the market IMMEDIATELY reverses then it is time to reverse. This trade should be a consistent 4pt winner. The way to spot this would be on the 5 min bars. The reversal bar would have to equal the "stop run" bar. Check it out and see if this is true or not. Steve

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