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J.W.E
Please post your "tactics"... I promise not to
criticize.. if I don't like your post, I'm capable
of deleting it without lambasting you and your family.
--- "J.W.E. Roberts" <jan.roberts@xxxxxxxxxxxxxxxxx>
wrote:
> Hello Philip & All,
> >I'm not trying to steal the bread off your table,
> Jan.
> Hah, you couldn't anyway because ever since I bought
> a couple of
> warrants (calls) on the Nasdaq & the Neue Markt I
> never eat bread
> anymore, just souffle (which as every cook will tell
> you has a nasty
> habit of suddenly collapsing when taken out of the
> oven & put in the
> cold ;-)
>
> > None of this stuff is the Holy Grail. Virtually
> all of it's available
> right here on the web. I just thought it would be
> fun to chat >about
> it. That goes for anybody with a relevant
> observation, of course.
> Right you are. One of the things I like most about
> this group is that
> there are a couple of guys (sorry, no gals) here
> that have the guts to
> put their cards on the table & tell evbody about
> their actual trades -
> the good the bad & the ugly. I think they deserve a
> big raspberry for
> that instead of a the "Family Rubbish" reactions
> they got from some
> lurkers!!! Btw. one of the people I learned very
> much from (excuse my
> English (dangling prepositions & the like)) is,
> although he doesn't
> know, Jim Greening.
>
> >So short term trends are your cup of tea.
> Not quite. I guess I've really two strategies (a
> souffle-kind of word):
> 1. I follow the mid term trend by counter trading
> the short term trend.
> 2. I try to profit by bull/bear traps whenever I
> can.
> I do this by following/scrutinying just a few issues
> I (think to) know
> well & feel comfortable with.
>
> Tactics? I'm a linear regression fan (the line study
> in MS); I use the
> open of today vs. the yesterday's open as the
> trigger; I start out with
> a very, very narrow stop (if the trade doesn't
> immediately show a profit
> I've made a mistake in my market evaluation & I'm
> out like a scalded
> (hopefully only by my whiskers) cat) which I
> gradually widen to
> something like two to three ATRs from the lates
> peak/trough (never ever
> lowering/raising it).
>
> If you are or anyone else is interested in a
> description (aka narrative)
> of my trading style I'd be happy to write a few
> words about it - as long
> as I don't get too much flak about being a long
> winded old fart ...
> sorry, I meant chartist.
>
> Finally here's a - at least in this group I think -
> heretic statement:
> I've never seen or been able myself to design a
> purely mechanical system
> that
> earns real money under real world conditions.
> Reactions anyone?
>
> Happy Trading,
> Jan Willem Roberts
>
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