Re: S&P Daytrading/Short-Term systems

["Don Roos" <rosewood@xxxxxxxxxxxx>]

Jody:

I used to trade R Breaker: it is on the 45 m chart.  It has had declining
success for many years now, however.  On that size of bar, the present atr
is 7.61, with a high of 16 handles in the past 2 mos. Thus the frequent stop
outs, since the floor loves to reverse course just after a new high or
breakout level: the r breaker levels are pretty well known.  The results
over time may look attractive, but to trade it is another matter, because
most if not all of your profits are garnered from a few big winners.

Good luck,

Don

----- Original Message -----
From: "Jody Ellis" <ellis_jody@xxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Monday, April 16, 2001 12:04 AM
Subject: Re: S&P Daytrading/Short-Term systems



I have code for R-Levels and R-Breaker and I was wondering if anybody knew
what time frame they are to be used with? Thanks in advance.

Jody.