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Ross hook entry:
1 - Pick a low: That's the point of origin
2 - see first leg up: that's top of wave1
3 - see first retracement: that's bottom of wave2
4 - see breakout of top of 1
5 - the next peak beyond top of 1 followed by a small retracement (bar with
lower low and lower high) is labelled a ross hook.
6 - BUY breakout of that ross hook (peak preceding small retracement)
For more info, see TNT trading book series. Expensive but very detailed.
Cheers,
Gwenn
| -----Ursprungliche Nachricht-----
| Von: Rick Francis [SMTP:rcfran@xxxxxxxxxxxxx]
| Gesendet am: Friday, September 17, 1999 3:27 AM
| An: Code List; omega-list@xxxxxxxxxx
| Betreff: Ross Hook
|
| Dear List Members:
|
| Can someone please explain the Ross Hook as used in intraday
| trading..... Also, has anyone coded this?? Thanks in advance...
|