Re: S&P Trading Model - Quite Technical - Meet the Competition
[ QUOTE ]
what do you use?
[/ QUOTE ]
Support,ressistance, trendlines, chart patterns, breakouts, divergances etc.
[ QUOTE ]
As trading is different from hour to hour over the 24 hour trading day different models are developed for different time periods.
[/ QUOTE ]
Translated this means it works until it doesn't [img]/images/graemlins/smile.gif[/img] The action over the past two weeks is "abnormal". Particularly the speed of market action recently. Order books getting swept and snapping right back (or not) in the blink of an eye. What works in that environment might not work at all in another. And you never know when the environment is gonna change. Knowing what kind of market you are in is what is most important.
There is no "holy grail". Just solid repeatable ideas that work more often than not if you have the type of market you are in pegged correctly and can stick to a strict disciplined plan of attack.
|