John Henry--The Next Blow Up ??

Quote from mahras2:

Austin>Sorry to say but you are highly mistaken. Dont base your understanding on turtletrader.com. Michael Corvel isnt a trader and spends almost all his time bashing every other method of trading out of existence.

John Henry is a trend trader.

The turtle traders are a group of traders about 30 in total who have been trained in the 80s by Rich Dennis and William Eckhardt to trade the markets using a trend following system (go to www.originalturtles.com). The EXACT turtle trading rules are mentioned in originalturtles.com.

Turtletrader.com is run by a guy who DOESNT trade, ISNT a turtle, and SELLS his system for 2K.

Take a look at new market wizards. It is outlined well there.

http://www.originalturtles.org/

i believe that is the site..
 
Quote from austin spare:

The same silly question could be posed to Mr. Trump, Mr. Soros, etc. Apparently, they all like the publicity. Not everyone is a hobo living in their parents basement. No offense to hobos!

Austin
Perhaps I am mistaken, but didn't both of these men gain notoriety after they created wealth in their respective crafts? Certainly Mr. Soros did. As for Mr. Trump, is he not an attention-seeking diva himself?

Unless he is already wealthy as a result of his trading, I think that your "said party" wishes to place the cart before the horse. The ride is usually downhill from there.
 
I found it interesting that they bought as soon as the price ticked to a breakout.
most breakout advocasts such as gary b smith say he likes the breakout to be strong with a lot of volume.

just my .02
 
I do not think the system as it is presented word for word will provide incredible results (+20% etc). There probably has to be some development that has occured. The basis of the system still holds true however details need to be added for the current market. However, take a look at the results of one of the persons who actually wrote the rules for that website:

http://www.autumngold.com/Advisor/CTAProfile.php?op=profile&id=301

Very impressive results. Anyone with trading records since 1985 averaging a 45% annualized return has to be doing something right in my book.

KevinK> Keep in mind these rules were from the 1980s when breakouts of important chart points were much much more reliable in nature than it is now when there is a lot of counter trend action.
 
Quote from KevinK:


most breakout advocasts such as gary b smith say he likes the breakout to be strong with a lot of volume.

just my .02



Then the breakout is over my friend. You cant follow, you need to lead in this game.

Austin
 
Quote from austin spare:

Then the breakout is over my friend. You cant follow, you need to lead in this game.

Austin

True...I don't trade breakouts besides on my daytrading.
 
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