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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: hypostomus who wrote (15336)2/25/2002 5:54:30 PM
From: booters  Read Replies (3) | Respond to of 18137
 
>I also cut out volume <

I hate to admit it out loud ( I am still hiding it from myself )but I have done away with volume also. At least for the time being. See, I can't even say it without a disclaimer. When I have time I will prolly work it back in but for now it does not help me.

As for what I use I can say this. It is a very simple relationship between the current price and the current pattern or "cluster" as I call them, formed by the recent bars. It is a very simple algorithm evaluating how the current price reacts to or breaks the highs or lows of the recent "Cluster" and the previous closes and how important that cluster is. What I trade is the movement between the clusters that I determine are important. There is no math involved.

What I was searching for was something that was always true and fit the type trader I had found myself to be. I kept in mind that I had never known of any trader or any method that worked that was not so simple it appeared stupid. This appears stupid but it works like a charm for me :)

boots