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<SPAN
class=030285100-29112001>Anthony,
<SPAN
class=030285100-29112001>
You may not
necessarily trade just the key reversal on it's own. You could, for example,
incorporate it into your trading plan as a trigger.
<SPAN
class=030285100-29112001>
For example, your
setup may be a downside retracement in a higher time frame uptrend andyour
trigger may be any short term reversal signal. The reversal may signify
that the downswing has terminated.
<SPAN
class=030285100-29112001>
It would be wise
to wait for the next bar to have a higher high and higher low, confirming
that the short term up trend has recommenced and that the short term down swing
has terminated. You could place a buy stop above the high of the
reversal signal bar.
<A
href=""
target=_top>
The short
term reversal signals simply highlight that the previous <SPAN
class=030285100-29112001>short term trend is in danger of ending and
either a trading range or a new trend in the opposite direction could
develop.
<FONT color=#0000ff
size=2>Larry
<FONT color=#0000ff
size=2>
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: Anthony Faragasso
[mailto:ajf1111@xxxx]Sent: Thursday, 29 November 2001
11:26To: amibroker@xxxxxxxxxxxxxxxSubject: Re:
[amibroker] PATTERN FORMULASLarry,How would
you trade this signal, based on End of day
data.Anthony
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