[RT] Ernie's System

[Guy Hacha <guy.hacha@xxxxxxxxx>]

Hi Bob,

I am following this thread and I think to understand most of it.

But just to clarify things, can you tell me what exactly you mean by the
third step " manage the trades " ??
Is it money management (position sizing) or ...

Thanks in advance,

Guy


At 02:38 7/01/2003, you wrote:
I should also add
that I was not criticizing either.  And I have attempted to share
ideas on both methods and the trading of them on this forum and
others.  However since I don't use squiggly lines or try to predict
what the market is going to do my ideas are generally pooh pooh'd on the
premise that you can't trade using just price or without
predicting.
 
Or they discovered or knew that I offered a
service which then branded me as being one step above a child molester
and the ideas were then discredited on that premise.  Part of a New
Year's resolution was to discontinue offering any kind of services so I'm
not in violation of any forum protocols here.
 
Trading for me has been a 3 step process -
Learn to see the trades.....Take the trades....Manage the trades, and
each step is progressively harder and much less cerebral.  It's also
been my experience that the first step is by far the easiest since
markets only have two modes - trend and congestion, and within a trend
there can be congestion periods which are just continuation
patterns.  I have little interest in congestion periods but
absolutely love and thrive on trending periods (like today on the
indexes).  But getting from step 1 to being proficient at step 3 is
one heck of a journey.
 
 
Bob

----- Original Message ----- 
From: Hill, Ernie 
To:
'realtraders@xxxxxxxxxxxxxxx' 
Sent: Monday, January 06, 2003 6:56 PM
Subject: RE: [RT] Ernie's System


Perhaps if those of you who claim that making money in the markets is so SIMPLE would merely enlighten those who are trying to "re-invent" the wheel, as opposed to offering only criticism, then maybe you would have the answer to your own question.
 
One who has no wheel must either walk or make his own.
 
E
-----Original Message-----
From: Bobh [mailto:BHEISLER@xxxxxxxxx] 
Sent: Monday, January 06, 2003 5:59 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Ernie's System


That sounds good but the markets have been moving the same way since there have been markets.  If you look at "bare" charts from 50+ years ago (any market) and compare them to recent charts you couldn't tell them apart.  The only thing that changes is volatility/liquidity.  
 
What never seems to change though is the endless quest to make the simple complicated, along with the failure to recognize the distinction between methods & trading them.
 
B
 
 
----- Original Message ----- 
From: "RB" <rhodes@xxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, January 06, 2003 8:17 PM
Subject: Re: [RT] Ernie's System
> Because it is what keeps things moving and hopefully better.  The wheel
> will hopefully always get better and be reinvented over and over.  I am so
> glad they are now rubber.  Maybe next will be, never go flat and almost last
> forever.  Or another material that is softer but better than rubber?   The
> flintstones are funny to watch but those stone wheels probably don't ride to
> good.
> 
> ----- Original Message -----
> From: "ira" <mr.ira@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, January 05, 2003 10:24 PM
> Subject: Re: [RT] Ernie's System
> 
> 
> > why does everyone want to reinvent the wheel?
> > ----- Original Message -----
> > From: "John Cappello" <jvc689@xxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Sunday, January 05, 2003 11:42 AM
> > Subject: [RT] Ernie's System
> >
> >
> > > Dear Ernie,
> > >
> > > I never consider these "show-offs" but rather sharing successes and
> > > or failures. I hope it walks forward for you. I can not tell you the
> > > number of times I have had faulty walk forwards.
> > >
> > > I once thought that I had the ultimate. Backtested and trained on 4
> > > years of back data where it was quite profitable...and a flop in the
> > > walk forward...even the logic still seems sound.
> > >
> > > I have recently taken a different approach and trained a system on 3
> > > years back data and then successfully saw it perform on the year
> > > prior with success. Now it is walking forward and we shall see.
> > >
> > > Such are the vagaries of system development especially with the S&P.
> > >
> > > John
> > >
> > >
> > >
> > > ------------------ Reply Separator --------------------
> > > Originally From: Ernie Bonugli <ebonugli@xxxxxxxx>
> > > Subject: Re: [RT] I-Master Mechanical Trading System 2002 S&P 500
> > > Date: 01/05/2003 12:45pm
> > >
> > >
> > > list,
> > >
> > > Let me show off the private system that I am working on?  I could not
> > > resist. Time will tell whether the logic its may be curve
> > > fitted to the data?!
> > >
> > >
> > > Regards,
> > > Ernie
> > > ebonugli@xxxxxxxx
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
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> > >
> > >
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> > >
> > >
> > >
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> > >
> >
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> >
> >
> 
> 
> 
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