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Sounds like you believe in price action and not indicators. Well, well,
well...
Can one ask what your main trading activity is? Day trading? Position
trading? System?
Discretion?
Following on from your answer, what would you describe as your main trading
aids?
Just interested - bearing in mind what you have said.
Bill Eykyn
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>; Bob Fulks
<bfulks@xxxxxxxxxxxx>
Cc: flag@xxxxxxxxxxxx <flag@xxxxxxxxxxxx>
Date: Tuesday, October 13, 1998 3:40 pm
Subject: Re: Trend or No Trend
>
>>One simple approach that is not too bad is to use two moving averages of
>different lengths.
>
>I prefer this method : I look at a chart and determine what the obvious
>trend is. How do you know what the obvious trend is? Show a chart to any
>10 year old and ask them what the general direction of the chart is UP or
>Down. Once this is determined then I enter the market with a trade size
>thats too big for my account in the opposite direction. Then hours, days
>latter my broker calls me and either tells me I'm a genius or he wants more
>money, at this time I know what the trend really is.
>
>What I'm trying to get across is the following : If you can determine the
>trend thane its too late to do you any good. You should either ignore the
>trend or have a fail safe reversal in your system that automatically buys
a
>break in the direction of the trend. Until then you need to go about your
>merry way trading chop ranges, or occupying your time in some other
>constructive manor. If you dont you'll likely die of boredom waiting for
>that trend that can only be identified after the fact.
>
>MB
>
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