MY STYLE - BLOG
During the last three months we have had our downs where range bound periods tended to make mince meat of our trades. Conventional wisdom suggests that one stays out of ranging periods. But there lays a story. Ranging periods like trends tell us that there is indecision. Most professional traders give up and ignore ranging periods. We dont. As ranging periods tell us about changing market sentiments. If we can capture that sentiment, trades can be more effective.
And we have done exactly that! We have refined our methods and done immense original automation around our core trading methods, that trading time is focused on observing market sentiment alone. We are working on a sentiment index and will share information around that soon. And all of that is simply around price action.
We have published indicator less trading concepts, which are again cutting edge approaches which approximate the extremely effective "tukka" or chance/gut feel traders. Again price is king in this approach.
We have dissected the point and figure trading approach to superimpose that on normal time charts and then reverse engineer the original concept to add features that combine the best of both approaches, without making a mess of them. Check the Point and Figure knowledgebase in the technical analysis section.
4/12/2012 05:44:17 am
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Abnash Singh, Am a Trader helping small traders to realize their dreams.