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I hate to parade my ignorance here but for those of us that don't know whet are
the Ross indicators and are there any books about them???
John F. Berentson wrote:
> On a more serious note, I am a fan of many Ross setups but don't trade a
> hook because I don't find it reliable. If price makes a double top with a
> small spike, you are in losses before you get notification of your fill
> price. Much rather trade ledge breakouts. Ledges are 3-10 bars that have
> squared off highs and lows. i.e., a small congestion area.
>
> I have done well with Ross's breakout of an ledge into a gap opening. Recent
> opening gaps have been closed, but the ledge breakout is much less risky and
> will often continue beyond the gap and take out the prior high (or low).
> Look at Aug 2 (I think) as an example. (I don't have my charts up.)
>
> N.B. I refuse to enter any discussions about: Opening Gaps - Do They Exist
> in the Era of Round-the-Clock Trading.
>
> JFB
> Shaven Heads Trading
> NYC
>
> -----Original Message-----
> From: Brent [mailto:brente@xxxxxxxxxxxx]
> Sent: Friday, September 17, 1999 10:21 PM
> To: Owen Davies; John F. Berentson; Rick Francis; Code List;
> omega-list@xxxxxxxxxx
> Subject: Re: CL_Re: Ross Hook
>
> Made it into an .ela now just what does it mean.
>
> Brent
>
> > We SuperCharts users would much appreciate an ela.
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