I hope you aren't hanging your hat on being referenced in a book? In regards to your referencing "extensive studies" showing no edge on buying or selling pull backs in longer term upswings or downturns in a market, please post a link to those studies. Your research and statement is inaccurate again. Saying that every tic is a trend is as foolhardy and idiotic as saying that trend following means to buy highs and sell lows. Any "guru" or anyone else for that matter that would make a statement like that is certifiable. With a nickname like "marketsurfer" I would expect you to know how to negotiate a wave. It is obvious that is not the case but clearly the opposite. Your friend EMGLOBAL is a wave rider, maybe you ought to take some lessons. We've ridden some of the some water there in south Texas. Riding the waves in the ocean is identical to riding a chart. You either learn negotiate the water or it wins. You aren't smarter than the water my friend but you sure act like it.
Of course not, simply letting you know I know a little more about this biz than you may believe. Although , I still have lots to learn I'm not allowed to post any links under warnings of being immediately and forever banished from this site. Please see Larry Connors " how markets really work" to access his work on the slight short term edge available in pullbacks but not in the longer term. Regards. Surf
Thanks for the link. So marketsurfer is Dave Goodboy, huh. That reference and $5 will buy someone a Starbucks trenta coffee "flavor of the day" and still have some change left for a tip. What's his paypal account and I'lll send it to him. That way he will get the true value of the listing.
Aint that the truth. Any friend of ER is a friend of mine. . Although I still disagree with you on the value of trends prior to entry. Have a great weekend, Surf
Thanks but I'm familiar with that book and with Conor Sen as well. The flaw in their "quant" finding was the extremely small size of their data set. It would be like polling everyone in Iowa on the number of bars in Manhattan with the expectation of getting an accurate answer.
Well, truthfully, I have heard the same argument made against quant trading as a whole due to the small data set of the entire accessible history of recorded trades in comparison to other fields of science. As a manhattan denzien I dont believe you would get an accurate answer to that question polling manhatanites either. Regards Surf
"Trend following", "trend riding". Sounds like arguing over to-MAY-to or to-MAH-to. You have a semantics problem. BTW if you're trying to <s>follow</s> ride a trend and if trends exist only in the past D), isn't that like trying to ride a dead horse? Here's my definition of trend following: buy strength (positive momenta) and sell weakness (negative momenta). It has NOTHING to do with buying higher highs or selling lower lows. As to how one measures momentum, that too is a personal choice and one I won't be disclosing myself.
"This is an excellent book that I highly recommend...No, there are no secrets in it, but it's extremely well written and contains many nuggets of knowledge from a multitude of top traders. I enjoyed it more than the Market Wizard books. It earned a spot in my 10 all-time favorite trading books." Dave Goodboy http://www.trendfollowing.com/endorsements.html Okay, since you know him so well, apart from his endorsement of the book Trend Following, what was marketsurfer's actual contribution to its content?