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Strategies & Market Trends : Charting & Technical Analysis for Stock Indexes

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To: chartwiznyc who wrote (20)	11/13/2001 12:37:23 PM
From: fut_trade	Read Replies (1) of 211

Just a few comments: "I trade high probability patterns on multiple time frames, could be a 1 min chart to a 120 min chart" I'm just trying to learn new ideas and improve my trading and am not looking to make negative remarks towards your trading. But what does "high probability patterns" mean? My day trade system wins 50% of the time, but makes the most profit that way. I could win 60% or a little higher, but then the number of trades is reduced enough so that the system makes a smaller profit (it is too selective). In daytrading, I don't think it is possible to achieve a very high probability trading system that works consistently. Of course I don't have your experience, and my own experience is limited. If you don't want to give out precise numbers that's ok, but if there is something I'm missing by only using a ( rather simple) mechanical system, I'd appreciate any comments.

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