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Careful with generizations
....some pullback systems / approaches have "blow-up" in the developer's
face....
I remember Ryan Jone's famous pullback system that cost him a bundle...both
in money as well as reputation.
> -----Original Message-----
> From: VK [mailto:volker@xxxxxxxxxxxxxx]
> Sent: Tuesday, February 03, 2004 3:03 AM
> To: 'Eric Svendsen'; 'OmegaList'
> Subject: AW: e-mini day trading systems
>
>
> Eric, very interesting point and that goes along with the finding for
> stock systems too. Most of the profitable systems on our site are using
> the some kind of pull backs.
>
> Vk
>
>
> ||-----Ursprüngliche Nachricht-----
> ||Von: Eric Svendsen [mailto:esvendsen@xxxxxxxx]
> ||Gesendet: Tuesday, February 03, 2004 12:29 AM
> ||An: OmegaList
> ||Betreff: Re: e-mini day trading systems
> ||
> ||
> ||The noise level of the ES data would suggest that only systems that:
> ||
> ||(1) take the outer edges of the signal and trade into the
> ||range (countertrade),
> ||
> ||(2) take only a few trades going away from statistical
> ||congestion (open range breakouts)
> ||
> ||have any chance at being profitable.
> ||
> ||The larger the trade count, the more likely the trades will
> ||become part of the noise.
> ||
> ||A few cents.
> ||
> ||ERic
> ||
> ||
>
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