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May I suggest going a little further:
I have been using successfully this combination as a trading system,
intraday and position:
1. I wait until I have a 1-2-3
2. I then wait the first Ross Hook that follows
3. I do NOT trade the 1st breakout, because it often is a false breakout
(floor traders fading the stops) - this is especially true in intraday, less
in daily charts
4. I trade the 2nd breakout
However I have a problem with the above: I have been unable to code an ELA
for this system !!! So, I only trade it visually in intraday, following 3 or
4 symbols.
Could one of you fellow ELA developers help by creating this code ?!?
Good Luck and Happy New Year
Carl
-----Message d'origine-----
De : Bill Wynne [mailto:tradewynne@xxxxxxxxxxx]
Envoyé : 29 December 2000 22:17
À : jberentson@xxxxxxxxxx; jejohn@xxxxxxxxx; piranhasrus@xxxxxxxxx;
omega-list@xxxxxxxxxx
Objet : RE: Ross Hook
John:
I do not disagree with anything below, but I would add:
A) The critical factor is how you define the market as "trending."
B) From an EL code perspective a swing high / swinglow can be formed by a
"one bar correction."
SWINGHIGH(1,H,1,XX)
Haoli Makahiki Ho!
Happy New Year!
BW
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