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And it looks like you got filled today as well. Hope we'll be seeing more of
these so I can compare your entry points with mine, and also the direction of
near term trend.
Scheier
Adam Hefner wrote:
> Hi Mark,
> The calculation was derived by first by calculating what Shaughnessy
> calls the
> "Power Point" (the estimated P&L Dot for the next bar) and then adjusting
> the
> calculation in the direction of the trade a 1/4 point or so. The logic for
> this adjustment
> is that many times the market may just touch these calculated levels and
> this 1/4
> point adjustment helps ensure that the order is filled. The signal you see
> on the
> daily bar (4-17) is a "Pat's Combo Down", many times after a "Combo" the
> market
> will return the next day and test the "Power Point" before resuming in the
> original
> direction. Is that clear as mud? <g>
> Adam
>
> ----- Original Message -----
> From: "scheier" <scheier@xxxxxxxxx>
> To: <metastock@xxxxxxxxxxxxx>
> Sent: Tuesday, April 18, 2000 8:48 AM
> Subject: Re: Motivated.
>
> > >
> >
> > Adam, really like the idea of your short trade setting up with an MIT
> above the current
> > market. Was the MIT price a mathematical calculation or a some other kind
> of bar pattern
> > rule?
> >
> > good to see your work again....
> > Scheier
> >
> > > Adam Hefner wrote:
> > >
> > > Al Taglavore,
> > > I have been considering what you shared with me, so I will post a
> chart with a signal.
> > > May be right...may be wrong, but here it is. Sell June corn with a MIT
> order at 234.5
> > > with a stop at 239.5.
> > >
> > >
> > >
> >
> >
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