Mar

15

 In the book Beyond Candlesticks by Nison, he identifies 8 or 10 record sessions as being an extended market in Japanese lore. Here we also have a case of a prime number that would negate any daily cycle system. He also discusses the use of 3 line break charts as a trend following system. This cycle this past year surely has been the revenge of the trend followers. Even the micro level has been very trendy intraday in an almost eerie way. I keep wondering what mechanisms are at work behind this big change in the way the markets are operating now. IF one had followed a trend system over the past couple years, it might have been successful. As he says, you really don't know and are blindly trailing a stop.


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