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Way, way, gone. Sorry.
Earl
----- Original Message -----
From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, May 12, 2003 6:36 PM
Subject: Re: [RT] Toby Crabel ORB
> I assume this is way gone?
>
>
> ----- Original Message -----
> From: "EarlA" <earl.a@xxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, May 12, 2003 3:32 PM
> Subject: Re: [RT] Toby Crabel ORB
>
>
> I have one in excellent condition, for which I have no need. Available for
> the original price of $95 plus shipping.
>
> Earl
>
> ----- Original Message -----
> From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: "Marver, Joel" <Joel.Marver@xxxxxxx>
> Sent: Monday, May 12, 2003 8:21 AM
> Subject: [RT] Toby Crabel ORB
>
>
> > With the price of Toby Crabel's book being out of range and unavailable
at
> > any price, I dug through all TASC articles he wrote and did some
> > experimenting this weekend. Remember the book and articles were written
> > back in 1988 and following years. The opening range breakout starts
with
> > using the "stretch", a ten day average of some opening period such as 5
or
> > ten minutes, and further refined to use inside bars and narrow range
days
> to
> > select days that preceeded trend days. I believe the concept needs some
> > readjustment with the advent of computerization and electronic trading,
> > globex, and speed of markets. After concluding that the original ORB
> > "Stretch" value needed some updating, the next thing was to figure out
how
> > to view that early day action. At the same time Toby was writing his
> book,
> > Steidlmayer was introducing his market profile ideas. Of course Gann's
> idea
> > of midpoints or 50% retraces and eighths had been around. So without
> going
> > into more details, here are some shots of this morning's snp on 1 tick
> bars
> > using 30 minute mp and the poor man's profile of midpoint and 1/3, 2/3
> > divisions of the current day's high and low. Over the years, I have
come
> to
> > respect the realtime midpoint of today's high minus low divided by 2,
the
> > red line on the chart. Without further statiscal proof, my intuitive
feel
> > is that the ORB using ten day Stretch average is better replaced with
> > something like a market profile using tick bars. Using a combination of
> > midpoint, point of control and value area levels might be good starting
> > points.
> >
> > enjoy,
> > bobr
>
>
>
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>
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