East Pole,
I suppose, just like me, you are free to develop your own p&f system with it's own set of algorithms and rules. After all, I personally trade using 2% log charts that no one around here uses or recognizes.
However, with regard to IOM's VPO, the question was asked here, on this thread, and by definition (almost) that means it was a 'traditional method' aka Chartcraft based question. My answer, and the I method used, was based on the VPO techniques defined in the three p&f technique books by Cohen, Burke and Aby. Cohen was the modern day patriarch of the 3 box reversal p&f technique. Burke is his heir apparent, and I believe he is the editor in chief of today's Chartcraft empire. Dr. Aby, a widely recognized p&f guru, also traces his p&f lineage to both Cohen and Burke. Why Tom diverges from their method, I don't know. I'd bet is based on his personal trading experiences, or a publisher's mis-statement of the Cohen/Burke/Aby method.
Hope this helps and any comments from lurkers are welcome....
Ben A. |
