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RT’s,
Since many of you wont look at futures with the possible exception of the
S&P I created another chart showing the Stop Setter(SS) Indicator on the
S&P. The assumption here is that you shorted S&P on the close today(15th).
The SS histogram shows the True Range divided by 2 horizontal plots(dark
bars are up days, light bars down) . The idea is that if you place your
stop within the lowest range its dog meat(pit bull bacon). If you use the
middle area its better but still iffy. Placed above the highest plot line
away from your fill you should not be easily stopped out. Comments
appreciated.
Better Trading,
Brent
Attachment Converted: "c:\eudora\attach\Stops2.gif"
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