I can get the difference between simple and simple-minded, but I'd be interested in knowing the "simple" theory and essence that underlies your method.
Having read your book, your posts, and much in HRE - with appreciation, let me hasten to add - I can't say your presentation has ever made your approach seem "very simple" to me. In fact, of all the trading approaches I've examined, I'd be willing to say that yours, at least as presented, appears to be by far the most complex - and by several orders of magnitude. In MST, you often seem to advocate that the trader continually process multiple orders of market data - price levels, volume relationshps, multiple mathematically derivative indicators (at both custom and "typical" setting) in multiple time frames, classic geometrical pattern recognition, action in major indices, sector indices, leadership stocks, time of day, and on and on. It's as though you've attempted to absorb and synthesize ALL pre-existing discretionary trading methods. |
