mongombolo's - crash or crash through tuesday, page-141

Its all good Johnno. The problem is watching this stuff work on a longer time frame. A good setup may take 12 to 25 bars to develop, so on a daily time frame you may get nothing for weeks and on a weekly maybe nothing for months.
While if you were watching this on the intraday then 13 to 25 bars goes real quick and its WOW. So I understand your frustration. I trade intraday, but I do a lot of analysis on the daily or weekly. I actually use the daily and weekly charts to get trigger numbers/pivot points to watch on my intraday stuff and that actually nails a lot of tops and bottoms BHP for instance opened right up at a trigger number on a weak bar so I didn't even wait for it to setup properly on the intraday, The DOW last night was up on a weak bar - so I just went short at the top and it behaved nice all day till my trailing stop got hit. Thats how I use the DOW daily -to guage my risk for the day. It doesn't always work out, but it works enough.