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Strategies & Market Trends : Technical Analysis - Beginners
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To: MechanicalMethod who wrote (11838)4/5/2001 2:47:44 PM
From: Michael Watkins  Read Replies (2) of 12039
 
For instance you don't consider slippage at each end of a swing so there's no comparison of frontend to backend slippage and no basis for a trend measure of this stat.

There is zero slippage, at least in the way you are thinking, with the Swings. Price is the only thing that matters. The swings are not drawn until a new swing has been detected. It would be at that very point that you would have buy or sell orders, ideally only in the direction of the prevailing trend.

Think about it... ;)

Its only price. Price is all that really matters. Volume yes it matters of course, but price is the most important thing.

I've already stated that I don't use anything but price and volume, and sure I put ADX on as a trend quality indicator, but all my trading is done off of price and volume patterns.

I think the swings as they are shown on our charts are the ultimate noise filter.
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