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Mark:
I certainly use CSI's perpetual in my trading. I chart both
the current 'front month' contract and the perpetual
contract for those commodities I trade. I do analysis on
daily, weekly and monthly charts and I find perpetual
contracts invaluable--they chart and 'describe' price better
than any other solution I've found. I've read the same
recommendations from some of these writers and personally, I
use what works, not what they write about.
Best,
Tim Morge
Mark Brown wrote:
>
> Prior to the roll into the next real futures contract I have switched my
> trades from the old contract and I avoid that tail of volatility. If
> anything the Perp data series will flatten out and tend to detrend a data
> series, it surly is the most neutral of all possible data blending methods
> Actually this statement alone shows that most everyone including Schwager
> doesn't understand the Perp data series. Every day the perpetual data
> progresses the current trading contract is diminishing in value as the next
> out is becoming greater in value until the point that by the time the
> current contract converges back with the cash as you say the Perp data
> series has long ago rolled into the next contract out. Therefore when I get
> a signal I believe it to be of a more valid nature.
>
> The most important and significant item that has contributed to my building
> a consistently profitable trading model has certainly been the Perpetual
> Data Series provided, as far as I know only by CSI. If you build a model
> with this type of data then you certainly aren't fooling yourself as far as
> the real time profit expectations. Thats my opinion. MB
>
> >The best the data vendors can do is provide a variety of methods for
> >building continuos files along with some educational guidelines about
> >which method may be best for various uses. The rest is up to the user of
> >the data. Buying a shiny new toolbox full of the best tools doesn't make
> >you a master carpenter. :-)
>
> NO and as far as that goes writing a book about market wizards does not make
> you a Market Wizard like in Schwager's case! : - )
>
> Mark Brown
>
> >
> >--
> > Dennis
> >
> >
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