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Stocks & Commodities V. 32:4 (44-48): A Better Trend by Perry Kaufman
Stocks & Commodities V. 32:4 (44-48): A Better Trend by Perry Kaufman
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A Better Trend by Perry Kaufman
ZzzzzNo, dont fall asleep! This is important.
How can a trend be better? Heres a unique approach to viewing trends so you can gain the most from them.
Consider these points:
Macrotrend systems have had the best track record of any method for more than 30 years.
They are based on a sound premise following the reaction to economic policy.
They dont trade often (which bothers the brokerage houses).
They work across nearly every market.
They work across a large range of time frames (calculation periods).
They capture the fat tail of price moves; that is, the really big moves.
Therefore, they are robust. Very few trading strategies are robust.
And, yes, they can be boring.
What I mean by robustness is:
The same rules and parameters are applied to all markets.
Loose pants fit everyone but dont always look good. Fine-tuning to each market is a guarantee of failure.
There are also these advantages:
Knowing the trend allows you to filter trading signals from other strategies.
Knowing the trend allows you to weight trades with better expectations.
Knowing the trend helps with option strategies.
The concept is transparent; that is, you know what its doing.
ZzzzzNo, dont fall asleep! This is important.
How can a trend be better? Heres a unique approach to viewing trends so you can gain the most from them.
Consider these points:
Macrotrend systems have had the best track record of any method for more than 30 years.
They are based on a sound premise following the reaction to economic policy.
They dont trade often (which bothers the brokerage houses).
They work across nearly every market.
They work across a large range of time frames (calculation periods).
They capture the fat tail of price moves; that is, the really big moves.
Therefore, they are robust. Very few trading strategies are robust.
And, yes, they can be boring.
What I mean by robustness is:
The same rules and parameters are applied to all markets.
Loose pants fit everyone but dont always look good. Fine-tuning to each market is a guarantee of failure.
There are also these advantages:
Knowing the trend allows you to filter trading signals from other strategies.
Knowing the trend allows you to weight trades with better expectations.
Knowing the trend helps with option strategies.
The concept is transparent; that is, you know what its doing.
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