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

To: Chip McVickar who wrote (5023)	6/6/2000 2:18:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 7434

His system works best in sideways markets so I like it okay. It's really fairly simple, he couples in Stochastics with a few other things. Then he defers to the times to assist him; he rarely (if ever) takes a long signal when the time is short for example. He learned Sto from Geo Lane, and he does extensive study on anything he puts together. Then he backtests for months. Every month or so he re-validates the backtest, so the system evolves. It's nothing you nor I would not pick up quickly. It's just that he constantly is working it to determine if the parameters are valid for the current environment. Perhaps it's because he defers to the tight market methodology of determining signals that he does better on short times frames than Hank, and Hank hits more of the long balls. I know Hank looks to parabolics once a trade is humming along, he swaps off the shorter term stuff closing down the stochastics and such for moving averages and parabolics as the trade gains profit. I don't think PatternTrading incorporates that concept.....he sticks to the oscillators primarily, as I recall. (Haven't spoken with him in a few months).

To: Chip McVickar who wrote (5023)	6/6/2000 2:19:00 PM
From: Gersh Avery	Read Replies (2) \| Respond to of 7434

Interesting .. I think that it was about two years ago that I noticed you mention something about patterns. Since then I'm been watching for patterns almost every day. The patterns that I've noticed suggested to me an up day also .. until 1:PM that is. An up pattern day, for me, would have had a run down from ~1 until either 1:15 or 1:30. However today we had this move up into about 1:30 then turn down. That would be a shift from an up pattern to a down pattern day .. by my patterns. FWIW