|
PureBytes Links
Trading Reference Links
|
Guy,
Looks like the Fed did you in today. Hope you covered when they
changed their stance to neutral.
JimG
----- Original Message -----
From: Guy Tann <grt@xxxxxxxxxxxx>
To: Metastock <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, June 29, 1999 9:37 PM
Subject: New Direction ?
> JimG and all others:
>
> We went short the S&Ps after the close tonight, FWIW. We had thought that
> we would still challenge our old highs, so this might be a short-term pull
> back, if we're correct.
>
> Our Intermediate Term Signal is still Bullish, so IMHO this is not the
"big
> one".
>
> This is our Short Term Signal. This STS is running 71% correct for the
last
> 14 months. Trading one e-mini contract with an initial margin of $4,000
> would have returned a net profit, after commissions, of $29,700, assuming
> you didn't get greedy, screw up or otherwise not follow the system. In
our
> case, before we started applying certain money management techniques, our
> greed cost us a lot of these profits. I keep saying, we've learned our
> lesson, but that's today, not the last 14 months. <VBG> It's a good thing
> our systems work so well and bail us out of a lot of our greedy trades.
Now
> with various money management techniques, we are trading the system but at
> the same time, trying to minimize our exposure to risk.
>
> Remember that this advice is worth exactly what you paid for it. :)
>
> Guy
>
>
>
|