“If you would like to present a system, you might consider demonstrating:
1. The complete set of signals that you get from your computer program.
2. A set of brokerage statements showing the same trades.”[ED SEYKOTA]
Sunday, February 27, 2011
REVERSAL.
“If a trend is in place, then major reversal happens only once at the end of the trend, so if you expect a reversal on a given day, the odds are so low. Money is lost by trying to guess a reversal each day, and getting into a counter trend trade. Mistaking a normal fluctuation for a reversal is much more expensive than even ignoring a reversal. TF philosophy is that you are better off taking the reversal after it has been established and giving back some profits (or leaving out some potential profits) rather than taking action just before the reversal, or as the reversal is happening or immediately after the reversal.”[RAVI]
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