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Hello Lee,
tops "lean" to the right in an uptrend and to the left in a downtrend.
or said another way, uplegs are generally longer in an uptrend than
downlegs in an uptrend etc.
--
Best regards,
Jim Johnson mailto:jejohn@xxxxxxxxxxxxxxxx
Wednesday, April 03, 2002, 3:36:28 PM, you wrote:
LM> what do you mean by translation
LM> -----Original Message-----
LM> From: Ira Tunik [mailto:irat@xxxxxxxxx]
LM> Sent: Wednesday, April 03, 2002 3:19 PM
LM> To: realtraders@xxxxxxxxxxxxxxx
LM> Subject: Re: [RT] RE: Time and Motion Trading
LM> there are many different methods of doing it. Is a simple one. this is
LM> an
LM> hourly chart and it seems to set up for a 31 bar cycle. So there is a
LM> tradable low every 3 to 4 days. I am sure that if you break down the 15
LM> min., or 3 min. chart in the same way you will find a tradable pattern.
LM> It
LM> is not a stand alone method, but adjuct to a system. Always measure
LM> cycles
LM> from low to low as the highs produce translation. Good luck. Ira.
LM> "Terry B. Rhodes" wrote:
LM> > > > I have not been able to find a timing system that
LM> > > > will
LM> > > > stand alone as a trading vehicle. If anyone has, I would be
LM> > > > interested. Ira.
LM> >
LM> > I spent a fair amount of effort trying to incorporate time of day
LM> > into my NDX day trading but never found a rule that added
LM> > significant value.
LM> >
LM> > FWIW our intermediate term NDX system gave a short signal this
LM> > morning. Long signals are crisper, you enter within a day, 2 max
LM> > for an expected strong move. Short signals may take 2-3 weeks to
LM> > develop. We look to buy ATM QQQ puts w/6mo expiration on the next
LM> > short term bounce.
LM> >
LM> > regards,
LM> >
LM> > tbr
LM> >
LM> >
LM> > To unsubscribe from this group, send an email to:
LM> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
LM> >
LM> >
LM> >
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