Dave That quote is over 15 years old... I'm surprised to see you write this. Quite a lot can change in 15 years The random entry studies are available in past Market Mastery articles if anybody is interested. email info@iitm.com for more info. The were not able to work on the S&P's. So guys who can't do well trading the QQQ, and ES I would imagine the same results. The system takes advantage of trends, extremely far away stops and small position sizes are necessary to have this system produce a positive expectancy but it still does produce a positive expectancy. Robert
This is a position trading system, not enough time to develop a trend can be found in 60 minute bars without having your commissions eat you alive. Also DO NOT use this for ES as it the S&P index was the only thing that it doesn't work with. Robert
Hmm interesting, Robert. I noticed on the ES it produced a consistent negative equity line like 9 out of 10 times (without commissions). Is there a way to turn it around?
robert, yes, that is a very old quote and many things can change. it in no way diminishes the respect that i have for your father and his teachings. i do have a question however, why does the random entry system only work for the sp ? it should work across all markets if it is a viable system. all the best, dave ps--looking forward to meeting you guys in NYC.