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Ron
I think that is a great quote. " <FONT
face="Courier New" size=3>Not knowing anything about what I was doing, but
having the confidence gained by my ignorance and sustained by nothing much
better to do,.... " Excuse my own ignorance but is that
completely original and if it is do you mind if I use it?
It strikes to the core.
Martin
----- Original Message -----
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ron
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx
Sent: Saturday, October 19, 2002 4:45
PM
Subject: Re: [Metastockusers] Average
Daily Range
Not knowing anything about what I was doing, but having the
confidence gained by my ignorance and sustained by nothing much better to
do, after reading this thread I created an upper and lower
bandUpper:C+ATR(21)Lower:C-ATR(21).It appears that when I drop
them on a price plot, if I ratchet my stops up staying just outside(below)
the lower band I'm kept in a trade for most of the run I would want.
Likewise, as the upper band approaches my target, it seems I need to give
some serious consideration about staying with the trade or perhaps
tightening my stops even further. In some cases parabolic SAR seems to
have the same sort of results.Is this at all
worthwhile?Ronwavemechanic wrote:>
Thanks. Will play with this with/without Raff, etc. Sounds like
> something of value could be
here.>> ----- Original Message
-----> From: Jayson
<mailto:jcasavant@xxxxxxxxxxxx>> To:
Metastockusers@xxxxxxxxxxxxxxx>
<mailto:Metastockusers@xxxxxxxxxxxxxxx>>
Sent: Friday, October 18, 2002 2:03 PM>
Subject: RE: [Metastockusers] Average Daily
Range>>
Bill,> it depends on your trading time frame
but for short term swing> trades I gravitate
towards atr(14). I use ATR to determine if the>
current move is inside or outside of the stocks "comfort Zone".
My> pivot studies are done in DT and used for
target analysis, but> your concept holds
interesting possibilities. are you suggesting
a> barcount setting from the last pivot
point?> >
I have not compared the approach to raff et al but they seem to
be> more suited as support resistance
indicators where the ATR study> may better lead
you towards a hard or soft approach to one of
the> their
violations.>
> Example Your Raff study shows you to be at or
near a resistance> level. As the stock moves
towards this study line you note that> your
expected daily range could very well be several
points> outside that study line. This might
encourage you to take a "soft"> approach to the
Raff Signal. this is all off the top of my
head> and deserves more
thought.>
>>
Jayson>> -----Original
Message-----> From: wavemechanic
[mailto:wd78@xxxxxxxxxxxx]> Sent: Friday,
October 18, 2002 12:16 PM> To:
Metastockusers@xxxxxxxxxxxxxxx> Subject: Re:
[Metastockusers] Average Daily Range>>
Jayson:> >
What have you found are good period settings for historical?
Have> you looked at using this from pivots as
opposed to intraday> moves? Have
you compared this approach to using Raff, std.
dev.> and such? Just some thoughts as I
have not followed ATR intraday,> but having
been using the other constructions.>
>
Bill>> -----
Original Message ----->
From: Jayson
<mailto:jcasavant@xxxxxxxxxxxx>>
To:
Metastockusers@xxxxxxxxxxxxxxx>
<mailto:Metastockusers@xxxxxxxxxxxxxxx>>
Sent: Friday, October 18, 2002 11:44
AM> Subject: RE:
[Metastockusers] Average Daily
Range>>
Lionel,>
> the KISS principal
! on my RT charts I take it a
step> further and
calculate the percentage of the days move as
it> relates to
historical percentage. this is very handy as at
a> glance I can see if
the current move is note worthy. ATR is
a> very powerful
tool>
>>
Jayson>>
-----Original
Message-----> From:
Lionel Issen
[mailto:lissen@xxxxxxxxxxxxxx]>
Sent: Friday, October 18, 2002 11:18
AM> To:
Metastockusers@xxxxxxxxxxxxxxx>
Subject: RE: [Metastockusers] Average Daily
Range>>
Jason:>
> Thanks for this
tip. I should have thought of
it.> Like many good
ideas, it fairly simple to use and obvious
once> you see
it.>
>
Lionel>
>
> -----Original
Message-----> From:
Jayson
[mailto:jcasavant@xxxxxxxxxxxx]>
Sent: Friday, October 18, 2002 9:46
AM> To:
Metastockusers@xxxxxxxxxxxxxxx>
Subject: RE: [Metastockusers] Average Daily
Range>> Of
course. Setting a 3% stop loss on a stock whose ATR is
5+%> may very well
result in getting stopped out during the
normal> trading day.
Setting your stop loss to reflect a
more> realistic range
for each stock will help keep you in
the> trade. rather than
a flat ATR number I like to relate atr
to> the stocks trading
price. (ATR/close)*100 will present
a> percentage reading
of the ATR where you will see
the> historical daily
percentage price swing of the stock. this
may> be useful for
determining your stop. when tied to
visible>
support/resistance levels you may better judge the
viability> of a given
trade......>
>>
Jayson>>
-----Original
Message-----> From:
moishe73
[mailto:mbuchalt@xxxxxxxxxxxxxxx]>
Sent: Friday, October 18, 2002 9:14
AM> To:
Metastockusers@xxxxxxxxxxxxxxx>
Subject: [Metastockusers] Average Daily
Range>> Would
knowing the Average Daily Range be helpful in
setting> Stop
Loss> limits instead of
arbitrary limits? If so, what would
the>
formula> look
like?>>>>
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