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In a message dated 5/3/99 1:20:35 PM Pacific Daylight Time,
TeamData@xxxxxxxxxxxxxxxx writes:
<< Like many others, I have written what I believe to be fairly decent
systems. Most of my focus has been on an intra day basis trying to get on
board 2-5 day swings in the S&P and bonds. Some of these systems are very
good if you have the ability to blindly follow them. >>
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Bryan:
I am not a system trader but if you are tempted to trade, why not make the
best of your system by taking shorter term trades IN the direction of your
system. Since your system is 2-5 days, use a 3 min or 5 min chart, etc., to
get on board for a short ride. This will not only keep you interested and
active in trading but allow you to possibly (1) improve your entries in your
system or (2) provide methods of raising your stops or (3) the creation of an
improved system. Any of these are possible as you learn more about your
system on a different timeframe.
The advantage is that your system will act as a trend identifier (assuming it
has a high percentage of wins versus losses). In this way you are committed
to following your system for Swing Trades and may develop a scalping system
to go with it. Just a few ideas from a discretionary trader who has never
written a system so be careful. If you do develop another system, you can
always name it after me. Last name is Green and the possibilities are
endless (but don't use the Green Light because I have used it for one of my
favorite patterns <g>).
Lynn Green
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