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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: the-phoenix who wrote (5402)	8/16/2002 12:35:43 PM
From: Ramus	Read Replies (1) \| Respond to of 11288

Phoenix, amazing yes. Well, take a look at the commentaries I've been posting. I post the dji because it's free but the method is the same for SPX of NDX or what have you. But, to answer, I know he watches 5 min, 15 min, 60 min, daily and weekly charts. He omits the 5 min from his commentary charts but he will mention them from time to time relative to short term moves. BTW, he daily comments on short(intraday moves) and medium term moves and it is the medium term I'm following. And also this is primarily what he is about with his method. Further, at the basis of his method is taking a look at what happened over the day...a 5, 15, 20 ,30, 60 or whatever should be ok for this. He looks at the highs and lows and where he believes the "fulcrum" or line of demarcation between buyers and sellers is at. But, I should mention something here. I don't really see him paying attention to this fulcrum per se. I probably misunderstand his exact meaning for fulcrum but what I get is that he pays attention to two lines...if you go above this one then go long...if you go below the other then go short. And he assesses these on a daily basis. In an upward trend he will most often be in a trade so will only talk about the lower line or line he would stop and go short on. The opposite if he is in a short trade on a downward trend. The only time he really has two lines is when he is out of the market and is waiting for the market to indicate which way it is going to go. It's really just a very simplified longer term(than intraday) trend following system. And it's augmented by having an eye on daily and weekly patterns that might be seen on 15 or 60min or daily and weekly charts. Like that lower trend line that we bounced off of the other day. I was out but Ed was already in and I was waiting for something to get me in and that was it, LOL!! Ed had been following this in his commentaries and also would have entered long or gone short there depending. So, go to his web site and check out the dji commentaries and charts. As a non subscriber I think you can still have access to some of his archived commentaries so you can see how this works over at last the past few days, I believe. Walt