CAPTAIN - you have studied the market over the last few months and you have not come up with an answer ?
my observations are as follows -
The All ORDS has been in sideways (slightly upward trend) for quite a few months now oscillating within its trading channel the ALL ORDS has also been glued very tightly to DJIA so for 4 days out of 5 days its a very stong probability that our market will follow the US.. so a trader has prior notice as to whether to get in, get out, or stay put....
my recently evolved strategy is to short near the top of the ALL ORDS trading band and go long at the bottom of the band, using stops without fail, and to sell whenever there is a small but reasonable profit. the period to hold might be from one to six days... we have all seen our profits eroded by holding too long.
that's my simple solution to the current market movements, i don't see any other...
any chance that you might fill the guys here in on how your trading has gone over the ten year period that you have been at it, and what strategies you might have developed over that period..
