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Dear Quant,
Quite tart and bash-ful today are we.
1. Who is this Jackson guy? It sounds like you equate me with someone!
2. I still believe in the 3 step and stumble rule in market timing so
I was out of the equities most of 2001. This market is skittish about
a 1 step and stumble rise in discount rates....ABSURD.... and my
basis for change in market psychology.I do not know what your friend
Jackson basis his conclusions on.
3. Last year my S&P system played well between the level 2and 3 S/R
levels and this year the levels are too narrow to trade. This trade
did not go off because level 5 R was 1182.7 and Level 5 S was 1165.7.
I inadvertently left the fraction which is important out. The formula
I gave out a year and half ago is an extrappolation of what I use and
can be verified.
4. Had I stuck with what I usually do, today would have been a
roaring sell signal by breaking level 5 support...that is why I am
retesting and allocating so low to this S&P.
Now I am no expert but I do know what I know and fortunately know
what I do not...and I do not go there.
You used to be a nice guy. Did you have a bad day or did the brain
trap close before you could think and type?
I have always posted new and somewhat controversial subjects. My
system when working the way it was taught wins 67% of trades and
takes very few $3000 hits.When it does less I know it is time to get
out or revamp and I am doing both in my own way.
To your better mental attitude.
Lovingly,
John
------------------ Reply Separator --------------------
Originally From: TheQuant <thequant@xxxxxxxxx>
Subject: Re: [RT] S&P Day Trading
Date: 03/20/2002 02:44pm
Hello John,
JC> My system has not performed at max this year so far and I am doing
silliness! tell tom jackson i said hi, i see he still is finding fools
to belive his trading scam. wonder why he doesn't have his talk forum
anymore? maybe because everyone could compare the fact that the method
does not work. you simply can not risk more than you make, and if you
do you could not possibly be correct enough to make it pay off.
typically smaller profit stop loss and larger profit = lower
percentage of wins. and visa versa.
i beg your pardon you described the tj method exactly, or did you
invent it, thought not. next you will have discovered using adv
issues?
--
Best regards,
TheQuant
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