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It probably also drove it limit down on 6/11 when the exit signal was
generated.
So the lessons might be that if you trade thin markets that are on the
aberration list:
1) then you should take any stop orders out of the market on the day that
aberration generates an order (I got caught by the backlash on the 6th with
a different system).
2) if you trade aberration perhaps you should use limit orders, wait for
close or wait one day or wait for a retracement. Or perhaps you could use
an order to buy on close if its over the projected MA band for the next day.
Some thoughts but I shall certainly watch the ab bands on the thinner
markets I trade.
John
----- Original Message -----
From: <Qpalla@xxxxxxx>
To: <schindlertrading@xxxxxxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Sunday, June 30, 2002 9:02 AM
Subject: Re: Aberration Picked Off
In a message dated 6/29/2002 5:57:59 PM Pacific Daylight Time,
schindlertrading@xxxxxxxxxxx writes:
<< FWIW, I think your example shows the opposite -- that there isn't too
much
money following Aberration. If Aberration gives a buy signal and
_everybody_ piles into rice (or whatever), the Aberration buyers are going
to drive the price up beyond where Aberration gave its signal. If everyone
is able to get filled at the exact tick Aberration triggers a trade on,
then
there is room for more people to use Aberration.
>>
IT DROVE THE PRICE LIMIT UP!
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