[Dogpile]

the thing that is most interesting about this strategy is that of the 'concept' behind it. it is basically using a simple strategy of 'momentum off opening price' as its core principle. traders should try understand the power behind this concept. sometimes, this trigger will just be a 'bad price' as the momentum won't carry and you will be whipsawed big-time.

I actually was in a chat room with Art Collins earlier this year and I saw him act in real-time for a few months (the chat room no longer is in existence due to lack of subscribers -- not failure of his system). I watched him absolutely crush the market sometimes --- and then I watched him get absolutlely nailed with horrible entries and big-time drawdowns. He would agree that 'systems trading is not pretty to watch' --- but good systems do work.

The system I picked here seems to be best aligned with what he was doing -- using 'momentum off opening price'... you will catch all those trend days with this system -- and you will get nailed in those whipsaw days -- that is the volatility of this system.