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Ed, what is the filter?
Paul Cote
ED KARLIN wrote:
>
> Paul,
>
> I trade the DM and Jy that way and it is very successful when combined with
> a filter. I have not been
> able to duplicate the results in other markets.
>
> Interestingly, this concept was the "Sample Trading System" included in
> System Writer by Omega
> years ago. It was several years before I investigated the concept because
> it seemed to simple to be of much use.
>
> Ed
> -----Original Message-----
> From: Paul Cote <cote@xxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Monday, January 19, 1998 6:19 AM
> Subject: Breakout from congestion
>
> >A relatively simple method of trading the market is to trade a breakout
> >from congestion. A congestion is defined by a market that was trending
> >but then begins going horizontal for a while. The confines of
> >congestion are contained by two horizontal lines, one above and below.
> >When the market closes above or below these lines, a position is taken
> >in the direction of the breakout. The exit from the position is when
> >the market reverses so a trailing stop would be the exit mechanism. Has
> >anyone tried this trading method?
> >
> >Paul Cote
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