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this is the basis of the channel breakout technique only that the the one
you describe is in the daily basis while the channel breakout stuff is as a
result of many days congestion around a narrow price range. I trade this
method as well and it works. The only thing is that you have to leave some
room so that the 'boys on the floor ' dont just take your stop and then go
the opposite direction
my little contribution
POP
-----Original Message-----
From: Paul Cote <cote@xxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: 26 May 1998 16:50
Subject: volatility breakout
>A volatility breakout system is a system where you enter the market
>using stops that bracket either yesterday's close or today's open. The
>entry price is based on a function of market volatility. Am I the only
>one on here trading such a system?
>
>Paul
>
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