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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?


To: fut_trade who wrote (6875)10/4/2001 8:44:30 AM
From: Doo  Read Replies (1) | Respond to of 7434
 
I've enjoyed your discussions about systems and discretionary traders. Since I think most traders are discretionary --- and certainly what you are describing in this note suggest that you are/will be as well --- here are a couple of books I read recently that speak more to the head game that may be at the root of all difficulties in trading.

Certainly, the first in the list might be more to your liking and interest because it has a solid base in system building, choosing one, etc. However, for me, the real tale for discretionary traders is told in the second book, which I think is one of the best books I've ever read (setting aside some almost ethereal notions that I have a hard time with).

I hope they are of some interest to you, if you've not already read them:

amazon.com

amazon.com



To: fut_trade who wrote (6875)10/4/2001 7:28:13 PM
From: Patrick Slevin  Respond to of 7434
 
It's tough to start from 1982, I think the best systems trader here might have been Tom Trader, Member 657121 but I think even Tom might agree that going back so far is a mistake. I like going back to 1991 as a max, although I know others that go to 1988.

Anyway that is why I think taking various time frames smoothes the analysis out better. Perhaps if you try to take the longest, the 1982, and then combine it with two, perhaps three shorter intervals it might give you better signals. The real problem with such a time frame is that the period is so bullish. I would think the system might have a predetermination to go Long rather than Short.



To: fut_trade who wrote (6875)10/4/2001 7:31:20 PM
From: Patrick Slevin  Read Replies (1) | Respond to of 7434
 
You know, try other oscillators as well if you have the time. I've been thinking about going to a Bollinger Band seminar but I like MACD in the mix.

No matter what you do, nothing works all the time. Perhaps Wednesday was just one of those days.