I think i'll trade INT from now on, even though profits get cut short like on days like today, overall, just seems to net more profit. Little and often is healthy!
Just remember one thing, your only safety stop is a no trade day. The days when NT is set to order but the market turns before the open order is taken and no spike drags it in you are saved from a loss in the NT system.
You lose this 2nd tier of safety under INT as you just jump into the trade between 6.15 and 6.30.
So you have to pay much more attention to what you think the market might do! I have three days logged since 17/5/10 where NT avoided a loss becasue the trap did not set when the market turned, and INT would have been straight into these and taken you straight to a loss.
So use other indicators to help with this or be prepared to gamble about cutting out of a trade at a small loss if you think the market has quickly turned against you.
However I am developing a new spreadsheet tool that uses daily CAM S3/S4 and L3/L4 levels to give indicators if a INT / MINT trade is in imminent danger of already diving into trade at or near a dangerous CAM levels that could rebound against you or is likely to hit a S4 / L4 level to rebound before it banks.
Will trial it live for a few weeks and back test it against all the INT trades I have back to 17/5/10 to see if it can give a reasonably reliable indicator of potential "Instant" danger trades such as those on the 17 & 18th of May.
Will post when I think it's ok and if it has saved me live trialing while others have taken a loss with INT (it could happen soon).
When it's ready PM me if you want it.
M
