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In her book, there is an extensive description of the various entries. Nice,
although they didn't make much sense to me. By that, I mean 1 hour later I had
to look up again to remember what it was all about. Nevertheless between the
lines one can see it doesn't really matter how she enters, she seems to have an
excellent feeling for flow. Ie, if she senses the flow of the market, she'll
use her patterns, which she probably knows by heart to get in, and then time
stop or trail stop on lower time frame swing breaks or so.
The systems sold with the book test poorly at best, but I believe she doesn't
use these techniques as systems but as triggers. The flow is determinant for
the entry setup, the pattern for the trigger, the position management
thereafter for generating the profits.
Might be wrong, but don't think to be far off.
FWIW
Gwenn
| -----Ursprungliche Nachricht-----
| Von: Tom Alexander [SMTP:gta3@xxxxxxxxxxxxx]
| Gesendet am: Tuesday, August 31, 1999 2:30 PM
| An: ggautier@xxxxxxxxxxx; Realtraders
| Betreff: Re: Street Smarts
|
| Hi Gwenn,
|
| What do you mean, "her edge is in the exits not in the entries"? Either
| their is an edge or there isn't, right? Perhaps a little timing technique
| applied to the setups might improve their performance. I do not have the
| book but I'm familiar with some of the setups. I'd like to hear more from
| you on your experience.
|
| Regards,
|
| Tom Alexander
|
|
|
| ----------
| > From: GAUTIER <ggautier@xxxxxxxxxxx>
| > To: 'Randy Burns (TCG, Inc.)' <rburns@xxxxxxxxxxx>; Realtraders
| <realtraders@xxxxxxxxxxxx>
| > Subject: AW: Street Smarts
| > Date: Tuesday, August 31, 1999 4:42 AM
| >
| > Frankly, I'd save the money. None of them tested positive in TS
| backtesting...
| > Her edge is in the exits not in the entries.
| >
|