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I both day trade and position trade, however the bulk of my trading is day -
all discretionary based on a set of rules plus feel for the market. Primary
tools are pivots, patterns, Fibonacci, and linear regression channels. Some
of the tools are automated or semi-automated to facilitate identifying
opportunities, however there is no way to automate the feel.
Earl
-----Original Message-----
From: T-BONDTRADER <T-BONDTRADER@xxxxxxx>
To: Mark Brown <markbrown@xxxxxxxxxxxxx>; omega-list@xxxxxxxxxx
<omega-list@xxxxxxxxxx>; Bob Fulks <bfulks@xxxxxxxxxxxx>
Cc: flag@xxxxxxxxxxxx <flag@xxxxxxxxxxxx>
Date: Tuesday, October 13, 1998 1:17 PM
Subject: Re: Trend or No Trend
>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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