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

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



To: Teresa Lo who wrote (24023)5/24/1999 11:53:00 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 44573
 
Interesting charts, thanks.

I notice that the label is Actual Contract Volume. Is that right? I don't get actual volume.

I have the older edition of Edwards and Magee. Tried to read it through about 8 years ago. Makes a nice doorstop now. Much too dry for me.


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