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Good Morning Mike,
No, I don't daytrade. I am a short term position trader of strong high volume stocks and index options (OEX). My approach combines multiple time frames and intermarket data. I track and analyze the IIX and NDX which tend lead the Dow, OEX, and S&P. I use hourly, daily and weekly data to calculate my indicators which are a mixture of moving averages (ala Charles Drummond) and oscillators. All of this is designed to keep on the right side of the trend and entering the market on a pullback as I wait for what I call an UP/DOWN/UP setup for Long side trades or DOWN/UP/DOWN for Shorts. As such I do not catch the major trend changes (EW #1) . I am there for the succeeding legs (EWs #3 and 5).
That's it in a nutshell.
Steve
>>> <MMclaug323@xxxxxxx> 08/11/99 09:18PM >>>
Hi Steve, I noticed your post to Linda, using three time frames for
trading, and I found your approach very interesting!!!
Are you daytrading the S&P and can you recommend what three time frames
you are using? Thanks, Mike
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