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Strategies & Market Trends : TA- Advanced GET

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To: Dick Brown who wrote (574)8/10/1997 10:54:00 PM
From: Matt Bowen   of 1551
 
I know the system ultimately comes from the trader but what if you start trying to make a system out of something like bias reversal? It seems too inconsistant to me...
Your right, it would be inconsistant to take every bias reversal.
First off, that's not the way to trade with bias reversal...
Do you buy everytime stochastics goes below 20? Everybody knows that's
a losing game (I hope they know that by now).
You should use bias reversal with auto channels and TYPE-1 or TYPE-2
setup. Using Bias Reversal alone would be like driving your car in
the rear mirror. Bias Reversal is confirmation tool not a trading system.


Best, Matt
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