Posted by James_Roe on 21st of Feb 2023 at 05:40 pm
All of the trades are reversion to mean trades except for the
breakout long, which means that the vast majority are counter trend
trades. The only really trend following stuff on the website is the
KISS section, breakout longs, and updates from the newsletters.
Steve and Matt do a pretty good job talking about where they think
the market is trending at the moment.
We've done a lot to reduce drawdown on the systems over the
last 3 years to make them less painful, but they are still going to
be buying when the market is selling, and selling when the market
is buying.
James, I am a bit unclear on this difference. My own definition
of trending means that DMI indicator is above 25. The distinction
between impulsive and corrective in EW speak is related but not
exactly pertinent, as we have seen last month and this month (the
price could be trending and still be corrective). The price above
resistance or below support like on Friday or today is suggestive
but not indicative either if the ATR is small. Any comments?
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All of the trades are
systems update
Posted by James_Roe on 21st of Feb 2023 at 05:40 pm
All of the trades are reversion to mean trades except for the breakout long, which means that the vast majority are counter trend trades. The only really trend following stuff on the website is the KISS section, breakout longs, and updates from the newsletters. Steve and Matt do a pretty good job talking about where they think the market is trending at the moment.
We've done a lot to reduce drawdown on the systems over the last 3 years to make them less painful, but they are still going to be buying when the market is selling, and selling when the market is buying.
James, I am a bit
Posted by junkie on 21st of Feb 2023 at 06:00 pm
James, I am a bit unclear on this difference. My own definition of trending means that DMI indicator is above 25. The distinction between impulsive and corrective in EW speak is related but not exactly pertinent, as we have seen last month and this month (the price could be trending and still be corrective). The price above resistance or below support like on Friday or today is suggestive but not indicative either if the ATR is small. Any comments?