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The Grabber

01/24/11 1:20 PM

#33627 RE: lostcowboy #33620

Hi lc.

I'm somewhat familiar with the Parabolic SAR, but do like the W%r a lot. Mostly becasue it is easy to understand and calculate (fundamental requirement for me).

One thought I had would be to set the Stop Loss price at the W%r crossover from the high end heading to the middle. And maybe even have that conditioned on other things like where that point is relative to PC Price or other AIM internals. Hard to say.

Of course the buy back in price would occur at the other end as the W%r crosses from the low into the middle. What I really like about this option is that one can decide whether to buy back in or not.

Frankly I think this is one of the things the big boys do.
They hedge their bets, and take the money when they can.
I think we're there to get sloppy seconds.