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This sounds very much like a Ross method.
Dave Johnson
-----Original Message-----
From: MTG <mtg2@xxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, September 26, 1999 12:40 AM
Subject: simple
>I have been experimenting with a very simple system While it is true tht
>you have to monitor it it seems to give god results
>it is simpy buying higher bottom and selling lowere tops
>also in the three minute sp500 chart I have seen many times where it
>sets up wht i call a should in other words if the price is in an
>uptrend and it fails after a few bars to make a new high then i will
>sell short under one of the more recent bars and the price. far more
>often than not . just seems to fall rather dramatically
>
>if anyone is interested in this rather simple yet effective way of
>trading you can email me and i can put some charts together as an
>example
>i was told once tht most traders are too indicator dependent and tht if
>you learn how to read price action then it can be far more effetive
>anad it would work for a variety of markets
>
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