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Andy/
It was good of you to respond. I don't see that we have any
disagreement: I agree with all that you say, including that there are no
magic indicators. (The Gann/Fib sect might stick pins in wax dolls of
us for saying so).
You are a surf-rider. When the surf is up you ride the waves and when
things are merely choppy you stay home, so whipsaws are not an issue for
you. That you are successful speaks for itself. It takes skill and
experience to be a surf-rider, to continually adjust your stance
according to changing conditions. If you wipe out you know how to
recover with least damage.
Many on this list are getting started in TA. They cannot hope to
emulate your discretionary approach and prefer to go to sea in the
safety and comfort of a boat. They look for a closed system with
defined entry and exit rules, indicators, filters, stop-losses, which
can be back-tested and optimised. Hence the emphasis on the mechanical
approach.
Now that you have joined us I hope that you will continue to share your
experience with us.
Harvey Pearce, Victoria, B.C., Canada
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angus@xxxxxxxxxxxx wrote:
>
> Hi Harvey,
>
> I agree that any trend following system can whippsawed.. but the way I use
> trend rider is to give me the idea where I stand in the market.. upon
> knowing that .. I have patterns that I trade.. these patterns repeat
> themselves over and over.[but each are a random event and there is no
> gurantee when I put on a trade then pattern will work.. but over time ..
> and ifI am consistant .. then that is my edge..and I will and do succeed.
> Your are mistaken that just because I have a change in wave.. Trends are
> made up of waves.. in uptrends you have upwaves and downwaves.. I only look
> to trade upwaves in uptrends and sell downwaves in downtrends.. I take
> that as the only signal for a trade..In order to advance .. one must look
> for low risk trades.. recognize them.. feel good about them.. and execute..
> that is it.. Trend Rider isn't magic.. it simply just gives a trader an
> idea where they are located in the trend .. I hope this helps more... There
> are no magic indicators or systems... it is just a numbers game.. with
> probabilities.. and we as traders ... have to be carefull we don't make
> mistakes that aren't part of our game plan..
>
> Andy Abraham cta
> Trend Rider
> Angus Jackson
>
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