Alton,
Price clusters are difficult because there are many variables. Like Fib
Advancements and retracements there so many "key" fib. levels that,
what ever your bias, you can find one to fit... I will refer once again to
Rex, and I wish I could quote him here but have no record of the e-mail
when he said this..
When I was looking to purchase Advanced Get he suggested:
"Get is a little like a grand piano; one can own one but it takes a lifetime to
master playing it.."
And I will further this by saying that a great pianist doesn't "think" when he
plays.( i.e. each key struck..)
I don't know if you have discovered this but; with each new indicator and your
subsequent "worship" of it (any way that is what I do :). You run for a while with
it, learn it, find its faults, eventually then move on.. But, overall, you gain a subtler understanding of it (the indicator). Eventually you put it in the basket
of tools that you use every day in your trading.. When a stock or what ever
you trade meets several of "your" indicators requirements then you trade
with conviction... (and make mistakes!!! :))
Anyway, I also use the bias reversal, and love the MOB.. I haven't really
found the XLT as useful as Tom Joseph suggests, seems to whip me
around a bit and enters to late for my style of trading..
Off sailing for the afternoon!
Good luck!
Ross |
