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<DIV><FONT size=2>It is something I have just begun looking at recently and
don't have a set of codified rules. Its open for suggestions. I tend
to trade off of support and resistance(based on various S/R techniques) and
then look to see what price does when it gets back to the midpoint. If I
am in a position then I may exit or hold, i.e. its a decision point. If
marketposition is zero I may make an entry. It could also be used in a
breakout approach. Best to use this with some other information such as
issue and volume breadth or TICK to help decide if the price is going to
crossover the midpoint or reverse. Since this midpoint is calculated on
the current day's data, it needs some time after the open to develop some
range and get a feel for the day's personality. The oscillator would
suggest entering and exiting on crossovers of the oscillator bands of 0.333
and 0.667, which can be adjusted by the inputs. Note that the bands adjust
each day based on that day's developing range. In an earlier post on this,
Dobson used the midpoint as an entry point on retracements but that must
have been on longer term time frames like days or weeks. Daytrading is a
bit different with more up and down motion which at the end of the day may look
like noise, but on shorter time frames is composed of trends.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>BobR</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV>----- Original Message ----- </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
hpm </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:bobrabcd@xxxxxxxxxxxxx";
title=bobrabcd@xxxxxxxxxxxxx>bobrabcd@xxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Sunday, November 14, 1999 4:12
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> AW: [realtraders] How to trade
the midpoint ?</DIV>
<DIV><BR></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=270400612-14111999>Hi
Robert</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=270400612-14111999></SPAN></FONT> </DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN class=270400612-14111999>How
do you trade(use) your midpoint tool.</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=270400612-14111999>(entry and exit signals at what
levels?)</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=270400612-14111999> Thanks for your help</SPAN></FONT></DIV>
<DIV><FONT color=#0000ff face=Arial size=2><SPAN
class=270400612-14111999>hp</SPAN></FONT></DIV>
<P><FONT face=Arial size=2>Hans-Peter Moeckli</FONT> <BR><U><FONT
color=#0000ff face=Arial size=2><A
href="mailto:anatop@xxxxxxxxxx";>anatop@xxxxxxxxxx</A></FONT></U> </P>
<BLOCKQUOTE style="MARGIN-RIGHT: 0px">
<DIV align=left class=OutlookMessageHeader dir=ltr><FONT face=Tahoma
size=2>-----Ursprüngliche Nachricht-----<BR><B>Von:</B> <A
href="mailto:owner-realtraders@xxxxxxxxxxxxxxx";>owner-realtraders@xxxxxxxxxxxxxxx</A>
[<A
href="mailto:owner-realtraders@xxxxxxxxxxxxxxx";>mailto:owner-realtraders@xxxxxxxxxxxxxxx</A>]<B>Im
Auftrag von </B>ROBERT ROESKE<BR><B>Gesendet:</B> Sonntag, 14. November 1999
05:59<BR><B>An:</B> realtraders@xxxxxxxxxxxxxxx<BR><B>Betreff:</B>
[realtraders] Gen - midpoint oscillator {01}<BR><B>Wichtigkeit:</B>
Hoch<BR><BR></DIV></FONT>
<DIV><FONT size=2>One thing leads to another so now we have the MidPoint
Oscillator. Use of the daily midpoint has intrigued me since fooling
around with Levines WinMidas software. The midpoint must
represent a balance of power of sorts in terms of who is or isn't profitable
for the day. With literally hundreds of books on the shelves it is
sometimes difficult to recall where a concept was presented. In
looking for something on Fibonacci tonight this book by Edward Dobson at
Traders Press was opened again after many years of collecting
dust. Title is, "The Trading Rule That Can Make You Rich".
Here is a quote in the Foreward to give credit where credit is due.
"The title of this book quotes the Master Trader, the late W.D. Gann, and
shows the extreme importance that he placed on the halfway point, or 50%
reaction. To quote Mr Gann; "You can make a fortune by following this
one rule alone. A careful study and review of past movements in
any commodity will prove to you beyond doubt that this rule works, and that
you will make profits following it."</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Dobson goes on to say, "My early years of trading were
loss-riddled due, in large measure, to the recurrent error of buying on
strength or selling on weakness, when it looked "safe" to do so, then
getting stopped out or plain "scared" into liquidating the trade on the
inevitable reaction, often right at the worst possible moment, when the
position no longer seemed "safe". (deja vu, you say?). A
careful application of my cardinal timing technique...using the 50% reaction
for trade entry, with a protective stop at the 66% level on a close only
basis...should put you, after all these years of searching for the optimum
timing technique, into the enviable position of buying from the "scared
sheep" (or selling to the "scared shorts") at, or close to, the best
possible moment! And, if you don't believe it after reading this book,
start calculating halfway points and watch for yourself...you'll soon begin
to feel omniscient as you predict the tops and bottoms of reactions with
fractions!"</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>Well, perhaps Clyde will make a system out of this for us
and we can be foreverafter grateful to him. PS, yes I know the chart
is getting cluttered.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>BR</FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Sun Nov 14 06:17:18 1999
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Reply-To: "ROBERT ROESKE" <bobrabcd@xxxxxxxxxxxxx>
From: "ROBERT ROESKE" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: [realtraders] Gen - GannOsc {01}
Date: Sun, 14 Nov 1999 06:16:53 -0800
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<DIV><FONT size=2>Just for interests sake here is a .gifer of the GOsc on the
day session of T bonds. Note how the midpoint plays a significant role as
do the 0.333 and 0.667 bands.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT size=2>BobR</FONT></DIV></BODY></HTML>
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