TRO I need your help with _SHME_Dynamic_SR2
Posted: Fri Aug 25, 2006 12:56 am
can this be set up as a strategy in TS? Here is what I see on a gap up, the first resistance (red dots) are placed on the chart after the first dip a second set of (red dots) begins to form. I set a limit order to sell short only after the second (red dot) appears just 1 tick below the resistance with only a .30 stop on three contracts and exits at +.40 +.80 and +1.20.
This seems to work with out fail both on the down side and the up side, (just flip it over).
Thing I have noticed:
It takes two Support or Resistane (dots) in a row after the first move (blue dots,red dots) before the trade works.
I have better success when a trend is determined ie. in the short position decribed the second set of (red dots) set up lower than the first set.
I do not always get filled in the position but in general if not filled but the third bar the position will fail.
At any rate can these ideas be automated in a TS Strategy and if so can you point me in the right direction?
Thanks for all your help over the years,
David.
P.S. I already owe you a donation/gift but all I have is The Best Home Made Italian Pasta Sauce in the world, IMHO, let me know if you want some but I can't send it to a PO Box.
Thanks for all you do.
This seems to work with out fail both on the down side and the up side, (just flip it over).
Thing I have noticed:
It takes two Support or Resistane (dots) in a row after the first move (blue dots,red dots) before the trade works.
I have better success when a trend is determined ie. in the short position decribed the second set of (red dots) set up lower than the first set.
I do not always get filled in the position but in general if not filled but the third bar the position will fail.
At any rate can these ideas be automated in a TS Strategy and if so can you point me in the right direction?
Thanks for all your help over the years,
David.
P.S. I already owe you a donation/gift but all I have is The Best Home Made Italian Pasta Sauce in the world, IMHO, let me know if you want some but I can't send it to a PO Box.
Thanks for all you do.