Hi,
Me: I am only trading the SI System now (and currently testing a little 'variation' on the order entry to try and keep away from 'spikes' in the price which result in a bad trade now and then) and this is 'the ticket' for me. The Volatility System is a great system BUT again does not 'suit' ME i.e. LOOOOONNNNNGGGGGG trades (on the daily charts a trade could be MONTHS long) and although EXTREMELY profitable by the looks of things requires LOADS of patience and LOADS of margin and 'nerves of steel' in my opinion. I have tried IT on the shorter timeframes with mixed success i.e. too much 'market noise' to make it a winner on a short timeframe in my opinion (although you MAY find that it works on the 4 hour timeframe which I did not try i.e. to me if I'm going to trade the 4 hour then I may as well be trading the daily and have done with it). The Swing Index System can be traded on ANY timeframe and ironically (I say ironically because up until about a week or two ago I would not even LOOK at any other timeframe other than the daily) it seems to give BETTER results on the 1 hour than the the daily would you believe and I"m starting to think that this is THE ONLY 'tweak' needed with the system i.e. shortening of the timeframe. By doing this you're in all the intra day moves up and down whereas on the daily chart you miss these moves. I never thought I see the day when I was a proponent of the 1 hour timeframe but you're never too old to learn I guess. It does make logical sense though. Think about it: the book was written in 1978 and I don't think they knew what the REAL meaning of 'volatility' WAS back then!!! I have a documentary on the October 1987 'crash'. At the time they actually reported the fact that in a single day the Dow dropped 50 points!!! Big headlines!!! 50 Points!!! If the Dow moves anything less than 150 - 200 points during a session nowadays then the market may as well be closed!!! See my point. I've been thinking about converting the documentary to MPEG format and putting it on a website for everyone to view (if they want). I love watching it (I normally watch it when I'm 'piss*d' and the markets are closed like over a weekend. Sad I know)!!! It's very interesting though and it gives you insight into what CAN happen when things start to go 'pear shaped' and people get 'scared' and 'fear' takes over the market. Riveting sutff to me!!! It also gives you an insight as to WHY they introduced the 'limits' and the 20% or 25% rule that I mentioned earlier (for a while anyway). Hmmm. Just had a thought. Maybe I could put it on YouTube for us. I'll see.
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