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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (38094)	10/21/1999 3:10:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

It's not that type of system, Jeff. It's based on market ranges and OHLC just to target an Entry for one trade. So it's rather simple. I don't even need a feed. I could just download the data from a provider in the evening and punch in the numbers. It's based to some extent on pivots....taking the range for the last X number of days and looking to plot where Break points should be. The upside Breakout today would have been a market that traded over 1302.30, for example. The downside breakdown was 1280.20 There is a lot of other stuff. Filters, really, that take the trade out of my hands some days. Sort of a lazy person's way to trade. I look at the signals and if there is nothing there then I do nothing. If there is a trade there, I take it, place the stop, and go watch Warner Brothers cartoons or something. I'm thinking about selling the system to Acme. That Wile E. Coyote will buy just about anything.