Advanced Trading Methods

[gloe]

RE: My 120 day "look back": I can clearly see the changes from trending to trading range; one thing I cannot yet tell is how badly GIPS will falter (how large the draw downs) when the switch happens -- how quickly can I recognize it and how quickly can I get back in the direction of a new short term trend.

ADX 60 min flattening out and dipping down should signal the end of the mini trend; then watch that ADX to see if a new mini trend develops in the opposite direction.

How to determine the end of the trading range: some kind of TLB on the price coupled with what? a MACD cross on the 30 min a la Chan (I looked at this last night: not bad); a CCI HFE or big obvious divergence on a 30 min chart? 60 min chart? A woodie pattern on a 15/30 min chart? An RSI divergence on the 60 min? If the longer term trend is up, will an OS RSI 60 min be good enough to get back in long after a correction/consolidation?

Lots of work to do to go from a 5 min woodie scalper to a longer term trader.