Turtle Trading
- Thread starter skiabox
- Start date
yes they also go short.
Speaking of the Turtles strategy, Linda Raschke has a turtle fade strategy that seems to work well. basically one would enter on a failed 20 or 40 period breakout. She calls it Turtle Soup.
http://www.lbrgroup.com/index.asp?page=DailyCharts&date=2003-03-12
http://www.lbrgroup.com/index.asp?page=DailyCharts&date=2003-03-12
Gann
you've something better or it does not work anymore? reason why I am asking is that at the time when I was trading turtle style strategies in the nineties, the sp was, as already mentioned, a market that always sucked. now after acrary in another thread this is the second time I find people claiming they can successfully trade the sp as a trend follower. just curious.
peace
you've something better or it does not work anymore? reason why I am asking is that at the time when I was trading turtle style strategies in the nineties, the sp was, as already mentioned, a market that always sucked. now after acrary in another thread this is the second time I find people claiming they can successfully trade the sp as a trend follower. just curious.
peace
Acrary,
Thanks for the link... How can we know if the guy who put up the site is legit?
Also, if they were sworn to secrecy by Dennis (as per New Market Wizards), then why are they suddenly open about their method?
My take is that they do not trade the original rules anymore and that they are using a modified system to deal with the increased number of false breakouts and other shenanigans. I wouldn't be surprised if they are using additional time and price filters. I'm still surprised that they are going public with their original system
what does that say about its efficiency?
Comments?
Thanks,
Maverick.