RE: CYC - big rise30 Jan 2010 09:29
Received it. Will run through it this weekend and report back.
I've had (another) epithany regarding strategy and why we get it wrong. Recently I've been playing with the futures markets and realised I look for totally different signals depending on whether it's a climbing or falling market. And oddly, a falling market is much more profitable to trade as the signals are more obvious.
Yesterday I went after a single equity and a single metal. The equity was rising, the metal falling. Ran at 8% return on the equity and 16% on the metal and closed all positions at 3pm.
On topic...
Notice JLP did not do the retrace I'd hoped for, so think the upward break may not be as strong. What's your take on it?