Changing with the times, and Status Quo

[jjgallow]

In my analysis of strategies, I've found two basic, opposing strategies:

1.-Looking for signs of future movement to ride, and
2.-Looking for opportunities to correct movement.


There are so many classifications of traders, although many of them are very blurry and overlap. Scalping carries many definitions, but always falls into this second strategy.

I see a lot of Elliotists on this board. I feel that they mainly use the former strategy, to look for future movement.

In my own strategy, I started out with scalping techniques, and discovered that they were losing. I discovered that I was unable to predict when the market had over-reacted.

Instead of throwing it away, I decided to see if I could modify it to predict when the market was moving. After some work, I had completely reversed the strategy into one that looked for major pip movements. On paper, it works. I'm just begginning to test it in a real account.

I'm personally becoming skeptical of trading decisions which look for small corrections. I think that although they may often work, they may fail miserably at other times. I'm leaning towards the idea that movements are not abberations that need correction. They are real, and every pip movement helps indicate the next. For me, I need to respect them to succeed.

I don't have a lot of formal trading education...just thought I'd post my thoughts. I'm not sure if all strategies can really be grouped this easily, but it seemed to make some sense to me...

[midastrader]

Ah..I think what is best for you is what that make you hit your trading objective.