When I present my method to friends and relatives, I invariably get asked the following questions: Is it working? If it is working, why do you want to disclose it?

Is the method working?
First, we should make a distinction between a set of tools and a trading method. What I have been presenting is a set of tools. These tools can be used by themselves, interdependently, or in combination with another standard tool.
I have been using these tools for year and I can tell you that they work. However, their are clear limits in their application. Please review the backtesting chapters of my book to see how and when the Effective Volume method works.

A good trading method typically combines different tools working in different time frames. A method must also include good money management and a sound risk policy. Most importantly, a method must match the trader's personality.

I have a few motives in disclosing my tools/methods:

1. I believe that working on minute data and using a combination of price and volume information will change the way people trade. Disclosing my tools will help that movement.
2. Disclosing my tools will eventually lead me to meet different people. My life has taken turns not just because of what I've done, but because of the people I've met. For me, making money is not as important as meeting people.
3. I would really love to apply my most complex tools with the help of a fund that operates automatic computer trading. Disclosing some of the tools may pique their interest.
4. Finally, my wife and I have created a foundation to help handicapped orphans. I would love to build a regular financing source for that foundation. Click here to know more about the Nello & Patrasche foundation.