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PureBytes Links
Trading Reference Links
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It is certainly no TASC, but it looks pretty good.....well written articles
on pattern trading results, trading tips, options, and even a critical
review section on a trading system in the back. I especially enjoyed the one
on "pennant patterns" and the fact the author's statistical results indicate
poor predictability with this "classic" pattern. It's best use may be for
options "buy straddle" positions where an explosive move in either direction
results in profit.
The "Lucy" system reviewed on the last page is a "perfect" example of why
backtesting over long periods of time and multiple market cycles is
required. The system traded the Dow Jones for 2 years and tripled original
equity. It then went completely "flat" for the next 3 years !
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