Replies to post #28982 on A.I.M. Users Bulletin Board (AIMUSERS)

[lionhead0]

Hi Clive, Re: Short Term Trading...

Yes, I have a method but it is based upon indicator and pattern recognition. As such, it has about a 60/40 win rate in these volatile markets. It would require that you believe in a non random walk method. That might be a challenge, as to have an edge in the market means you have to have faith in it, even when the set ups go bad.

Part of the set ups for me now includes the LRS study. It requires much study and discipline to be a successful trader. Without that in these markets, the other participants can eat one up quickly. We're trading in highly charged and automated markets, so many methods are less successful because of that.

Best, Tim

[Firebird400]

Hi Clive,
High probability short term trading, that would be Nirvanna now wouldn't it? :) Backtesting is one thing, switching to forward looking is all together different. What you need to look for is low or lowered risk/ high reward. Looks like you are thinking 1 risk/ 3 reward. Nirvanna could actually screen for any combo of risk setting , short/intermediate/ or long term time frames too. Ken