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According to TT AGet videos, the HiLo Flip channel, when used for
entry/exit signals should be drawn from the immediately previous pivot
to the most recent extreme high/low. I generally consider such channels
valid when they encompass a minimum of 5 bars. The recommended
alternative to the channels is to use the 6/4 moving average entry.
Earl
----- Original Message -----
From: <Proffittak@xxxxxxx>
To: <eadamy@xxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, February 02, 2000 5:55 AM
Subject: Re: [RT] Re: nasdaq compasite
> Earl >>
> Good morning
> I agree with your view and i also noticed the divergence on the osc
too
> however, i think that your price channel is too narrow
> (it should have at least 13 trading days between the hi day and
low)
> the BIGGER the amount of days in the price channel the MORE
meaningful is
> the
> breakdown out of the channel
> and thanks for the compliment on the mastering of the GIF
> p. s
> will not take the long ND either,
> will wait and see if we break 55 and 55 day expo m/a
> happy trading
> Ben
>
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