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  1. J

    Trend Following dying?

    This Covel sourced stuff is a little limiting here and there. Around that quote there are at least a dozen other priceless beliefs. We ought to have an Americam Idol of financial industry stars just to find out how slim the pickings are.
  2. J

    Trend Following dying?

    I am relabelling H1 of the HS sine qua non. H1 is the reason price moves without interruption from R to S and vice versa (S to R; as in Covel's cited example of a company that only trades one way streets). fortuneately the earth is round and lpasare fun. The zigzag world is between S and R...
  3. J

    Trend Following dying?

    I am typing today, that is true. Did you read that trend stuff from Covel the last few minutes? The funniest one was the one he posted a while back (and reposted here again). Roughly it says: "We are trend following and we decided to not do any short trading". I know, there is no data on...
  4. J

    Trend Following dying?

    Thank you for making my point; I appreciate it.
  5. J

    Trend Following dying?

    What is happening in the financial industry that has precipitated its current perfomance and focus? Systematic trading does provide an immunity from this malaise. But why is it necessary for an intrgral part of our culture to entrap it economtrics the the extent that it does? I know there...
  6. J

    Trend Following dying?

    In this paper (see path to it below), Michael Harris offers comments that compare trend following with other trading, all with respect to patterns. (see pages 5 and 14). http://www.tradingpatterns.com/Literature/profitability.pdf On page 5 he suggests higher trend testing requirements...
  7. J

    if backtesting works, what could go wrong in real trade?

    for those who wish to avail themselves of powerful aids in trading, back testing is very fruitful. Applying back testing can be done in many ways and it can be used to go from model to development. The person I am responding to is correct that back testing does make it easy to automate...
  8. J

    if backtesting works, what could go wrong in real trade?

    Here is one which will not pan out. The reference is bars 21 and 22. For those watching the same order of events occurs on this one with respect to the lateral container that appears before the failure.
  9. J

    if backtesting works, what could go wrong in real trade?

    Here is a snagit for the pattern's first occurance today on ES. (bars17, 18 and 19) I know those watching got a kick out of the preceding "gyrations. How michael expects anyone to make use of the paper is what I am most puzzled about.
  10. J

    if backtesting works, what could go wrong in real trade?

    Do you think a paper like that would be accepted for publication anywhere? The reason I ask is because of the pattern in figure 6 obtained from the results in figure 5 based on the thinking in figure 3. Further, I am assuming some additional work was done to conclude the range of alpha...
  11. J

    The case against college

    Altucher is a very very funny guy. Here is a scenario. James meets a nerd like him in college; the person is a female. His interviewer is at the same school. somehow James figures out how sperm works after he graduates and marries this person, not the interviewer. James does his...
  12. J

    Winning & losing trades

    The more edited attachment may add some considerations to using a posted strategy to let winners ride and cut losers short. this takes a little time to download it has three illustrations.
  13. J

    if backtesting works, what could go wrong in real trade?

    Your question is a parallel one to the OP's The OP doesnot include important market parameters in his work (as posted). During a demo experience, you probably would do the same whereby your mind is just as limited. When you go live, the market is operating in an unfamiliar way to you...
  14. J

    if backtesting works, what could go wrong in real trade?

    You are beginning threads frequently. Volatility and market direction are major considerations in trading. Therefore, they are always included in any viable trading strategy. For example, in your last thread you proposed a strategy and left out both of these considerations. As it...
  15. J

    Should I quit my job and trade for a living?

    for potential new traders this bio is worth reading and comparing to you present path. An optimum path includes 0. recognizing being a full partner with the markets is required. 1. learning to learn. 2. knowiing how the mind works. 3. Doing purposeful tasks to build inference in...
  16. J

    Should I quit my job and trade for a living?

    Your conclusion is correct and I am one of them.
  17. J

    Should I quit my job and trade for a living?

    Give your mom the 10K and keep your job. Do not teade your mom's retirement account, either. Your mind is past the point of no return.
  18. J

    Jack Hershey's Methodologies (SCT & PVT)-Good Bad or Ugly

    The sentence was in a paragraph that gave a context for this sentence. On a previous lap in your quest, you were at the point of asking questions and explaining where you were in your software (its performance, etc.) instead of doing polls and instead of doing research. You got in touch...
  19. J

    Jack Hershey's Methodologies (SCT & PVT)-Good Bad or Ugly

    For the current group being mentored. This is an example of a PM buy to use cash recently made available on an AM exit and for compressing the hold cycle as a way to increase the exponent of the compound interest formula. What may been seen here is an IBGS during the first leading volume...
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