The best part of this thread will come on Monday after 1:10est when the market moved either up or down, and Walther posts "See I was right"..rofl
When I was starting to develop my geometry method, I was trying to predict direction of a trade too but it was just not accurate enough for me. When I stopped trying to do that, accuracy of forecast improved . To determine direction, I use an ordinary mechanical system with 70% accuracy. If I get entry signal on both, accuracy has been 90 % . Look at my Tuesday post about what I saw will happen on Wednesday, see if your method gave you entry at times posted. I trade futures only , I do not know if it might work for an individual stocks but if someone asks me for an analysis I will try it. Walter
Walther Your method would have a lot more credibility if you post a trade (if you take one) as you make it, between 12:30 and 1:10 on Monday. You will have zero credibilty if you come here after 1:10 and say, "I told you that would be a good time to take a trade".
Me too! 9:31 is a great time to place a trade, according to this brand new method I just "thunk of" (BTW: Did you know you can do Magic 8-Ball OL? http://8ball.federated.com/ ). Unfortunately, this method suffers from the same weakness as yours, it doesn't determine whether one should be long or short.