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I have most of Gary Smith's systems and materials.
I think it's overly curvefitted and not certain whether
or not Gary himself trades the stuff. He tends to
change his mind on ideas which are not in the
materials he sells. For what may perhaps be an
opposing point of view you might consider contacting
broker Peter Aan at: 800-375-4243. Don't misunderstand
what I'm saying here. Smith is very savy and has some
good ideas. I just think he keeps the best stuff to
himself; which is OK. I just don't like the idea of buying
stuff that is not of any use for current real-time trading.
Charles.
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> From: Donald Thompson <detomps@xxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: opening range ?
> Date: Wednesday, April 29, 1998 9:36 PM
>
> TRaffertu wrote:
> Hi Mitch,
> >
> > I don't have the code you asked for but recommend you read
"Living
> > the Dream" by Gary Smith. His basic breakout system is to buy a one
tick
> > breakout above the high set by the futures during the first 50 min. of
trading
> > if the breakout occur before 12 noon EST.
> >
> > Good luck and good
trading,
> > Ray Raffurty
>
> Ray or Anyone,
>
> Have you looked at buying one tick above the 5 min bar adjacent to that
> morning high, as opposed to running into all the slippage and gnashing
> of teeth accompanying buying one tick above the high?
>
> By looking at it, I mean how many runs never end up breaking the morning
> high versis a possible better fill?
>
> Just musing,
>
> Don
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