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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (3259)	1/26/2000 10:33:00 AM
From: Atin	Read Replies (3) \| Respond to of 7434

I'll do it tonight -- but the chart starts with a triple top break that would have led to a loss of about 4 points, then double bottom break at 324.50 down to 317 which you could have made it back on, then a breakout at 320.5 which you would exit at 334 then drops down to where I put the chart. Overall if you follow all the signals, you would have had gains. This isn't always the case of course, but then neither is that the case with daily PnF or any kind of TA or FA for that matter. YHOO just happened to be the stock I was stalking yesterday. What JXM,Patrick and I are saying is that you may want different time frames for different trading vehicles -- it depends on the volatility of the vehicle. If you just trade basically stable stocks, daily charting is just fine. If you're trading internet stocks you may want a higher frequency sampling rate. Same for futures as Patrick will tell you. As far as success rates and anecdotal evidence -- I have a lot of people using my program right now (more than I expected actually)-- they'd stop if they were taking losses compared to their previous methods. But I think what this really is is just a tool, one amongst many -- the good thing about PnF is that it gives very decisive buy and sell signals and so it makes for a nice confirmation point for trades. -Atin