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I was amazed that almost two hundred of you have e-mailed asking for the
"Three Drives PDF". Now that so many of you have had time to look at it
maybe it would be a good topic for discussion.
Some potential questions:
1) Does the trade translate well to time frames other than five minutes?
Other commodities?
2) Can something so simple work consistently (Yes!)?
3) Are there better methods of entry (for instance Linda Raschke calls the
formation "Three little Indians" (I think)and advocates entering on the
break of the ledge after the third consolidation? John Hill originally
called the trade Three Drives and presented it in terms of the daily trend.
4) Are there ways or systemizing or testing the formation across time frames?
5) Are there better oscillators to use with the trade?
6) You think of something.
Anyway, Just trying to stimulate some discussion other than baseball and
religion. If you want a copy of the file just e-mail me with Three Drives
PDF in the subject header.
Stewart Taylor
Taylor Fixed Income Outlook
Voice: 501-219-9774
Fax: 501-228-0963
E-Mail: staylor@xxxxxxx
Web Site: http://www.cei.net/~staylor/
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