Quote from rcj:
Stpd out 187 -12..... a winner.
You nearly topticked that sucker.
Seriously rcj... I've been toying with night trading. I've only used this idea in Sim mode, but it has merit.
As you know, I inject a time factor into my trades. But nite session is (normally) so volume deprived, I needed a way to counter the time aspect. Enter P&F (point and figure) charts...
1) By design, P&F is time neutral.
2) By design, P&F is volume neutral. Strictly based on price action.
3) I use 1-tic box, 3-tic reversal, with textbook interpretation.
Worth a look, imo, to see if it useful to you.
Osorico
