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This is an old idea that was first highlighted by Toby Crabel (I
think). You know, range expansion/contraction. The idea being that
following an inside day their should be range expansion the next
day. In my experience, using this trade as an indicator (buying
pullbacks) works the best. It's fun to watch right at the end of the
first hour all the stops getting hit. Only problem is if you take the
trade you need large stops (at least 8pts in the SPs).
Mitch
On 26 May 2000, at 0:29, M. Simms wrote:
> Liz - did you actually BACKTEST this trading idea / premise ?
>
> I would say it may have merit, but 86% winners ? Hard to believe
> without monstrous drawdowns.
>
> How much do they charge for this simple, simple system ?
>
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