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Hello Steve,
been gone a week so this is late reply.
Linda outlines a setup in her course as follows:
20 day ema > 40 day ema as trend filter (for buys)
5 day RSI pulls back below 40 (retracement)
buy above highest high of last two days (initial trigger that trend
is continuing)
place stop bellow lowest low last two days
manage trade as it apporoaches previous swing high, looking for
increasing momentum (stay with trade) of loosing momentum (take
profits near last swing high).
I've never coded/tested it.
--
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
Sunday, March 24, 2002, 8:06:42 AM, you wrote:
SW> Jim...could you elaborate on this? I have read Taylor. How is the
SW> indicator calculated? Steve
SW> If RSI ROC < 30 next day will be a "buy" day in Taylor terms. If RSI
ROC >> 70 next day will be a "sell short" day in Taylor terms.
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