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I would like to know what your percentage of success is with this type
of trade. To me it seems flawed, but I am always willing to learn
something new. thank you. Ira.
<P>Dennis Peterson wrote:
<BLOCKQUOTE TYPE=CITE> <STYLE></STYLE>
RealTraders,
<P><FONT SIZE=-1>For 120498, Today is an example of how I like to trade
the PIVOT (average of the previous days High, Low, Close) ... the Project-A
High in the March Soybean was 5910 which is below Thursday's Pivot of 5916
... if SH9 opens on the Day Session below 5912 then <A HREF="http://homepage.macomb.com/~mig/113098/04osc-s.gif";>SH9
will be presenting a selling opportunity</A>. Assume that the Project-A
high will be the high for the day and use a tight Buy Stop Loss.</FONT>
<P><FONT SIZE=-1>This same trade also applies to March Corn. The Project-A
High was 2252 ... if CH9 opens on the Day Session below 2254 then <A HREF="http://homepage.macomb.com/~mig/113098/04osc-c.gif";>CH9
will be presenting a selling opportunity</A>. Assume that the PA High will
be the high for the day, and use a tight stop loss.</FONT>
<P>DennisHome Page http://homepage.macomb.com/~mig/home.htm</BLOCKQUOTE>
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</x-html>From ???@??? Fri Dec 04 08:52:28 1998
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Date: Fri, 04 Dec 1998 08:27:29 -0800
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From: Ira <ist@xxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: NYSE-TICK
References: <000301be1f9a$4204fb80$b43ffea9@xxxxxx>
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It works well in conjunction with another indicator. Remember that what used to
overbought or sold is no longer the case. there are many more issues. A look at
the ticki and a count of plus or minus 20 in conjunction might give you a better
insight.. Ira
John D. F. Oakes wrote:
> Harry's comments regarding the use of the TICK as an indiator is
> something that I have been evaluating for many months. David Wright's
> Cherry Picker use this indicator, sometimes with great success and other
> times, in runaway markets, with disasterous results. So it is certainly
> true that the value diminishes greatly with trending markets for the TICK
> will stay in the overbought/oversold area for a long period of time.
> Maybe using the DMI/ADX to determine if the market is or is not trending
> and then utilizing the TICK indicator accordingly would help with the
> success ratio.
> Anyone else have any experience or thoughts on this matter?
> Thanks for your comments,
> John
> jdfo@xxxxxxxxx
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![http://homepage.macomb.com/~mig/113098/04osc-s.gif"](http://homepage.macomb.com/~mig/113098/04osc-s.gif"){kind=link}
![http://homepage.macomb.com/~mig/113098/04osc-c.gif"](http://homepage.macomb.com/~mig/113098/04osc-c.gif"){kind=link}