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In working
with Tradestation why don't you use the HighestBar and the LowestBar
functions in conjunction with Pivot points. If Metastock use HHV & LLV
functions. Use so many ticks/points above the Lowest or below the Highest
to enter your trade.
Pete
<FONT face=Tahoma
size=2>-----Original Message-----From: Sean Cassidy
[mailto:scassidy@xxxxxxxxx]Sent: Wednesday, January 29, 2003 1:47
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: [RT] Entries
On Support Or Resistance
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Does anyone have an entry methodology that works off of given
support and resistance lines? I am looking for an exact plan to enter
trades if I am given a support line such as the Pivot S1 S2 etc that are
so common. It has been a frustration of mine for quite a while that I
have seen these lines or others work so well, but when it comes time to
actually trading them I miss the best trades that always look so obvious
after the fact. I am thinking it could somehow involve different time
frames with a simple indicator or two. It also seems reasonable that a 2
point stop would be reasonable, using the S&P as an example. I also
would like like to find a trailing stop method.
Any suggestions,
SMC
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