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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Patrick Slevin who wrote (1352)	7/8/1998 11:12:00 AM
From: Nemer	Read Replies (1) of 44573

Over the past year and a half, I've totally changed my investment style due to the BBx. ------>I don't know if you are re-optimizing or not. Adjusting MAs as the day goes on seems different, somehow. Euclid adjusts the depiction of MAs with each up/down tick. //////The BBx doesn't necessarily use MA, although it does use them. So I feel that it does fit into the re/op catagory, although the semantics aren't worth haggling over.////// ------->In any event, the prime purpose of the system will be to suggest likely daily behaviour, not intraday stuff. I cannot trust a program to tell me something I sense I know already. It would be counter to my own decision making. Suppose it disagreed with me, then where would I be? /////// Unless the system could claim STRONG Gaelic logic, hit you about the head and shoulders with a lagre shalelligh, and then buy you a round, ------ IT would be SOL........ ggggg -------->The purpose of the system, therefore, will be just to suggest a bias for the trading day, nothing more. ////////// In the past I would buy according to the forecast from the BBx on an individual equity and the resultant actions would occur ---- ......1) potential loss was set according to support level forecast ......2) potential profit was let to run according to the movable #1 ......3) short term positions could turn into long term positions only by usage of above 2 rules. This resulted in what I call position trading, even though it turned into daytrading occasionally. Now I daytrade the OEX. But I basically use the same rules as above ....... except there is NO overnight hold. I can now leave the daily market watching for periods of time and not feel uncomfortable or worried. I trade when it's handy for my schedule. My long term core holdings have sell points set daily with the broker and he has freedom to use a predetermined 8% drop if he doesn't hear from me. Makes my old age more comfortable. BTW ----- Marilyn is going to retire next year and at that point the rules WILL change ...... GGGGGG Regards --- Nemer

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