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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Brian Hornby who wrote (25284)6/14/1999 7:32:00 PM
From: Patrick Slevin  Read Replies (1) of 44573
 
Yes, but Nets are a computer based decision system. Like the underlying tone, here, you trade your system. No questions asked.

If the Net says Buy you buy and if it says Sell you sell.

If you do not then you go against your system. Patterns are not that cut and dry. I've discussed and discoursed on Patterns for perhaps three years and I'm about posted out on the issue so nothing personal but I no longer care to get into it.

Nets on the other hand are a pure machine based approach. Nothing wrong with that.

Neither Nets nor Patterns will tell you that Greenspan will boost rates tomorrow. Patterns may suggest that the market will gap down, can be taken long after a selloff, then shorted once again. Nets will tell you the next day that you should sell the Close. Patterns may be used intraday as well as positional and Nets can be used Positional. Both have to be traded as a system. You take the signals no matter what your personal preference is.

Can you program patterns? Probably not. There has to be some human intervention. Is this a bad thing? I don't know. I use both. Nets for a year, patterns for several years. I use the Nets to support the pattern read, that's the Long and the Short of it.
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