DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Hands Off who wrote (866)	6/16/1999 10:37:00 PM
From: Craig	Read Replies (2) of 18137

The likes of Jeff Cooper use an ADX over 30 to identify a trending stock, but like most indicators it will lag. Other methods include using higher highs and higher lows (and the reverse). This pivot method is similar to what I use, except I add projections based on Fib ratios and a splash of Elliot wave to the mix to help in that definition, ie. if it trends passed at projected pivot point then the trend is still in place until the next probable point. The important thing is whatever definition you use, stick too it. Do not try and force the market to "be" what you think it should be. Trade the market, not your beliefs. On another note of shared experience. I spent alot of time and money looking for the perfect mechanical system, the Holy Grail. The irony of it is my evolution is almost polar opposite. I use chart patterns, Fib. ratios (projections, retracements), candlesticks, etc.. A visual based system that is discretionary (I do use a system to scan for patterns for a morning hit list). Every time I open Tradestation I can taste the irony.

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