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Larry,
Thank you for the explanation on how to trade these reversal signals,
this current dialogue has enriched my knowledge base as well as others
in the group. ( I hope ).
Again, Thank you for your time.
Best Wishes
Anthony
Yahoo wrote:
> Anthony,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.For example, your setup may be a downside retracement in a
> higher time frame uptrend and your trigger may be any short term
> reversal signal. The reversal may signify that the downswing has
> terminated.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. The short term reversal signals simply highlight that the
> previous short term trend is in danger of ending and either a trading
> range or a new trend in the opposite direction could develop. Larry
>
> -----Original Message-----
> From: Anthony Faragasso [mailto:ajf1111@x...]
> Sent: Thursday, 29 November 2001 11:26
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: Re: [amibroker] PATTERN FORMULAS
>
> Larry,
>
> How would you trade this signal, based on End of day data.
>
> Anthony
>
>
>
>
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