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-----Original Message-----
From: Gwenaël Gautier <Gw.Gautier@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Cc: jdfo@xxxxxxxxx <jdfo@xxxxxxxxx>
Date: Monday, January 12, 1998 5:01 PM
Subject: Re: ANALYST vs TRADER
>JDFO wrote:
>>
>> So what, so your an Analyst! The point is it makes money by knowing
>> what direction the trend is going. Have you never heard one of the
oldest
>> sayings known to man kind: "THE TREND IS YOUR FRIEND"?
>> Call us what you like, we determine what the trend is and then buy on
>> retracements of that trend. Using two minutes bar charts we are extremely
>> successful with this method. If we are not traders, then we are analyst
>> with a short time span (our trades last no more than two to 10 minutes,
>> usually).
>> So, WMurray, you are correct in your thinking about trends as far as
we
>> are concerned. Try using the MACD and DMI, they should help.
>> Regards,
>> jdfo
>> jdfo@xxxxxxxxx
>>
>>
>
>Yes STAYING in the trend is KEY, not trying to predict the trend.
>However
>you put it, your chances of knowing beforehand what lies next are
>randomly
>distributed. Or do you have tomorrows papers by any chance?
>
>Gwenn
>
>Dear Gwenn:
I can not put it more clearly: Once the trend is determined, through
certain indicators (we are not predicting the trend, just going with it!!!!)
and you then have a retracement, again by following specific indicators,
with the trend still intact, you place you buy/sell order at the high/low of
the bar that created the indicator's signal. You go for x points, (we
usually go for 50 points with several contracts). If perhaps, we are wrong,
we are out of the trade with a 20 -30 point loss. Our system works 77% of
the time and we do not have tomorrows paper.
Regards,
jdfo
jdfo@xxxxxxxxx
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