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Group,
"I would of, I could of, I should
of..."
1. This exact system was presented over a
year ago at this forum
2. The charts are OOS (since, it's been
posted publicly forever)
3. Rules are simple: Buy the opening of
the next day when the CMO5 closes below -34 and sell when it triggers above
34.
Works on most issues (raw). Works better
if:
a. You take trades only with the
trend
b. You protect yourself from large drawdowns
(stop)
c. You conjure a profit target
(limit)
d. You put in a time stop
This is the guts of an indicator and a logical
systematic approach. Whistles and bells are optional (but, in my opinion
necessary). Again, if you start with a pig, the prom dress doesn't make it
look any better. Don't hang ornaments on a twisted Christmas
tree.
And, btw: Are we talking about Wink
Martindale, the game-show host? Martingale/anti-Martindale discussions are
the epitome of mental masturbation. Geez, let's get real.
Take care,
Steve
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