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Mark and Tim,
What's the play in currencies right now?
Are you trading the extreme in the dollar? Are you shorting emerging
markets and/or their currencies and/or their bonds? If yes, which ones and
with what vehicles?
All the best,
The Omega Man
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: Omega List <omega-list@xxxxxxxxxx>
Date: Friday, September 04, 1998 5:13 PM
Subject: Re: Velocity, acceleration, tensors -- as it realtes trend
trading...
Subject: Re: Velocity, acceleration, tensors -- as it realtes trend
trading...
>> Are there any others out there who want to defend countertrend trading?
>
>I probably shouldn't speak for Mark... he does that quite well for himself.
:-) But I interpreted his countertrend" post somewhat differently. I took it
to mean *TRY* to pick off the top or the bottom.
>If it doesn't work, reverse and go the other way. So, he's really trading
both trends and countertrends.
>
> Dennis
Dennis, I ve become the same as all those traders I've worked for in the
past. They would tell me the system to program and it would be crap. They
would say well thats the system all the details I've given you. But they
had done some things for so many years that they forgot that they did it at
all. They just took it for granted that every one knew what they were
talking about.
I assume the following: Markets trend very little, when they do its
impressive sure. How will you pick the correct market to catch the trend?
You wont its like the lottery and if you do it wont be because you know what
your doing. Thus I assume every market top and bottom to be sold and bought
if my systems tell me to. The trends take care of themselves, for if it is
truly a trend the systems reverse and go with it. Simply I'm a counter
trend trader with a backup plan for when I'm wrong. I'm wrong very little,
I do just fine counter trending and I'm counter trending 90 % of the time.
Wouldn't it be easy for me to trade the trend ? Da! Breakout channel, Da!
moving average, Da! 3 higher highs, Da! on and on.. I'm not stupid I can
trend trade can you counter trend trade? Thats what I want to know, you
have pissed me off sort of and if you dont agree then dont agree. But dont
run me down button hole, maybe you could learn something that would help you
sell some software that would really make some of your clients. I have the
most problems with vendors on this list and why? MB
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