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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Patrick Slevin who wrote (8249)11/10/1998 1:40:00 PM
From: SE  Read Replies (1) | Respond to of 44573
 
very intersting. It appears that after a stall in a run, the 5 tick rules still applies and once it hits 5, it stalls again. Works on the 1 minute and 5 minute bars. Did not look at others. This new thing might really be worth something. Very intersting.



To: Patrick Slevin who wrote (8249)11/10/1998 1:57:00 PM
From: SE  Read Replies (1) | Respond to of 44573
 
If that works, here we are again. 5 ticks into the up-move at 36.00. Will this provide a pause, or a turn downward? Time will tell...



To: Patrick Slevin who wrote (8249)11/10/1998 2:05:00 PM
From: SE  Respond to of 44573
 
At 36.00 bid here, I think we bounce up a touch. My method is on a buy and this is the buy point. If we do not clear the high of the day, I think I will short one. We appear short term overbought and if we bounce, we definitely should be. Now how's about a nice bounce to 37.00 again.


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