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Hi Adam
John Sweeney has a whole chapter on range expansions and their use with MAE
etc. in his book MAE. You might want to check out the differences that he
found between winner and loser trades
Other traders use range expansion to confirm a position and to confirm an
add in their bars-in-trade analysis.
Most writers are pretty closed mouth about it, i.e., Kase.
Best regards
Walter
----- Original Message -----
From: VonHef <VonHef@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Monday, May 03, 1999 8:02 AM
Subject: Re: Support or Resistance Penatration question
> Hi Al,
> I never thought about using ATR as a stop......I will experiment with
> this idea. I, also believe the ATR to be better for adjusting to market
> volatility than using a fixed value or percent. Thanks Al, and please
> share any further thought you may have on this issue!
>
> Best wishes,
> Adam Hefner.
> VonHef@xxxxxxxxxxxxx
>
> ---------------------------------------
> ----- Original Message -----
> From: Al Taglavore <altag@xxxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Monday, May 03, 1999 5:03 AM
> Subject: Re: Support or Resistance Penatration question
>
>
> > Adam,
> >
> > I use ATR as a cornerstone to all that I do. To me, it's like a roadmap
> in
> > that it lets me know where I am within a price range. Gur Dillon
> (spelling
> > questionable) taught this in a course I attended two years ago. A
> > percentage of ATR was his price target and his stop. As I recall, he
used
> > 1 1/2 of ATR as a stop. If you have futhur interest, I can re-read my
> > notes when I go to my office tomorrow and post accordingly. Seems to me
> > that ATR shows a quicker response to what the market is saying than
moving
> > averages, oscillators, etc. I use a 10 day ATR.
> >
> > Al Taglavore
> > ----------
> > > From: VonHef <VonHef@xxxxxxxxxxxxx>
> > > To: MetaStock <metastock@xxxxxxxxxxxxx>
> > > Subject: Support or Resistance Penatration question
> > > Date: Sunday, May 02, 1999 11:59 PM
> > >
> > > I have been reviewing my old John Murphy book "Technical Analysis Of
> > > Futures Market".....
> > > and he was teaching about using a 3 to 5 percent penetration of
support
> > or
> > > resistance values
> > > before they are confirmed to have broken. Do any of you make such
> > > calculations? I am
> > > considering using a multiple of the "Average True Range" and then
> > > adding/subtracting
> > > this value to the S/R value. For example: if resistance was at 1300
and
> I
> > am
> > > using half of
> > > ATR of 20......then my confirmation would be at 1310. I like the Idea
of
> > > using ATR to help
> > > compensate for volatility. What do you guys think? How do you Traders
do
> > it?
> > >
> > > Best wishes,
> > > Adam Hefner.
> > > VonHef@xxxxxxxxxxxxx
> > >
> > > ---------------------------------------
> > >
> > >
>
>
>
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