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I wonder if you still look at QQQ historical intraday patterns to make your trading decisions. Also, what does your position size depend on?
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No. looking at intraday patters left out too much information, and seemed to work fine in a range-bound market, but badly in a trending one.
The new system trades in the direction of the current trend, but it's overruled by OB/OS situations to try, and anticipate, a change in trend. The trick, of course, is in the determination of the current trend, and when to consider a situation as overbought/oversold, and when to disregard it...
All of the above is automatic. Position size is still determined by myself. I have a set of rules that I follow(several of them quite counter-intuitive) but they are still evolving. Some day I might publish something about how to size Dynamic Funds positions, but I need to gather my thoughts together first. <g>
The main problem which these systems is that they are good for several months, but then they implode. (Taking us down with them. <ng>) My previous system served me well for more than a year, but has been useless since last April. (I keep tracking it, just in case...)
H.
