They'll whip around when near the narrow end of the wedge or
triangle. Before playing the systems, I'd look at the
intraday charts and avoid those patterns. Of course, you're
going against the premise that the systems work best when you don't
tinker with them, and you could miss a breakout. Tough
call, but I personally don't like automated trades when the charts
are this volatile intraday.
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Whips
systems
Posted by rjdst on 22nd of Jan 2009 at 03:13 pm
They'll whip around when near the narrow end of the wedge or triangle. Before playing the systems, I'd look at the intraday charts and avoid those patterns. Of course, you're going against the premise that the systems work best when you don't tinker with them, and you could miss a breakout. Tough call, but I personally don't like automated trades when the charts are this volatile intraday.