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Mike wrote:
<<I assume that most of the counter-trend trade discussion and picking
turning points
referred to intra-day. Anyone have success doing this with end of day
data?>>
Sure! Tim Morge reported that he was long Marks, Yen, and Swiss in trades
placed between 8/28 and 8/31. All 3 of these trades are counter trend. All
3 currencies gave clear signals on the daily chart and Tim reported that
he's still holding the trades (they are more than intraday trades).
In fact, the infamous countertrend trader Ken Roberts, an end-of-day trader,
would have had you long the yen and swiss as both currencies made classic
1-2-3 bottoms *on the daily chart*. Though I don't suppose either Tim nor
Captain Kenny would have used tensors in their analyses...
All the best,
The Omega Man
-----Original Message-----
From: Michael J. Doiron <75534.2410@xxxxxxxxxxxxxx>
To: INTERNET:omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, September 06, 1998 5:28 PM
Subject: Re: Velocity, acceleration, tensors -- as it realtes trend
trading..
One thing that was briefly mentioned was timeframe. I assume that most
most of the counter-trend trade discussion and picking turning points
referred to intra-day. Anyone have success doing this with end of day
data?
Mike
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