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Strategies & Market Trends : Grain Futures Trading -- Ignore unavailable to you. Want to Upgrade?


To: wiley murray who wrote (141)11/14/1998 10:28:00 PM
From: nicewatch  Read Replies (1) | Respond to of 645
 
Wiley, I have heard good things about Toppel's book... what's your take? It's interesting that TA doesn't work for HIM, but I know that it works for some. Besides, not all TA can be lumped together. The scope of my fundamental analysis is limited to looking at the committment of traders reports, if that can be considered fundamental. Like I said before, I like to let prices do the talking, and usually news follows price. Stop losses are for screw-ups, stop and reverses occasionally provide me a stroke of genius. Others may disagree with me about the importance of news, but I myself am in no position to profitably trade off of news, crop reports, etc. The key I think is to find what mix works best for your personality. I follow the indicies but I don't trade them, or options I should say. I just do stocks and commodities and sometimes options on each. Indicies are great trading vehicles if that's your cup of tea. Most of my methods work equally well on a stock as they do a commodity, as they do an index... the trick is to alter your perspective slightly so that you realize the inherent differences between each instrument. For example, I have found that most commodities trace out larger swings $ for $ during trendless periods meandering about than do stocks. Therefore my method for commodities would have to factor that noise in. Talk to you later Frank