Every Rose Has A Thorn
I think this does it for Rose. She might have the last word!
Michael: You and your feedback artists apparently feel the need to defend your insecurity, which is being unsure about the blocking out of all trading information other than pure observation of price movement. Trend Following is an important and wonderfully valuable tool, but adding fundamentals, technicals and trader’s needs producing a total picture would seem to create a higher value. As for the feedback from Michael H…Why did he buy a winter coat? He obviously had it around before winter arrived. He just happened to buy it because it was stylish? Rather he knew winter was coming from weather reports, past history. Somewhere he heard from a friend, or the radio or TV, or the newspaper, information on the existence of winter, and so in preparation for the cold weather, he bought a winter coat. Are you otherwise going to tell me that he had no winter coat, then he stepped outside, felt the cold temperature, waived his hand, went with the trend, and created a winter coat from the 3 feet of snow he found, with no previous information on cold weather coming? Michael, I am not missing your message as you claim repeatedly. The Trend Following methods you propound, just working from the price action, are extremely important, but don’t you and your feedback cohorts have a clue that your message is incomplete? Not only does Trend Following work, but the trends are set up by macroecon events, government data announcements from all over the globe, rumors, news events, oil prices, gold prices, and on and on. Wait and see if a trend actually develops from Bernanke’s or Trichet’s remarks, and then dive into your Trend Following methods. Do you prefer to close your ears and mind, watch the charts, and be shocked and stoked to action when prices spike suddenly, and you must try to protect your account? You must live on valium. And then the feedback from William L., probably a nice guy, but soooo narrow minded. Is he a watchmaker? The weatherman has to predict the temperature to the correct degree? If you tune in three network weathermen in the morning, they all have different temperatures. But the message is generally the same, and helpful, it will start to snow at midnight, maybe not 12 inches, but maybe 3 inches. So all the data from government agencies may not agree, they are not making watches either, but you can see a picture, and understand where there might be a market force to create a trend that you can follow with your trend following method. Good luck, …and good night. Rose.
