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"The Omega Man" <editorial@xxxxxxxxxxxxx> wrote:
> It's as common as can be... A SAR system that gets whipped when
> the market goes into a trading range. The age-old problem with
> SAR.
I think it's just a terminology quibble. If I understand MB right,
he calls a system a "countertrend" system if it can trade against the
larger trend. (Though it does look to me as though a lot of his
against-the-trend trades end up losing -- by my count something like
75-85% of the against-the-trend trades in those GIFs end up losing or
breaking about even. MB, have you ever thrown a trend filter on this
thing and only tried taking the with-the-trend trades?) Other people
would say he's trading WITH the trend, but with a much shorter trend
definition.
I think Bob's "fade the end of the move" definition would meet almost
anyone's idea of "countertrend." But that's a darn hard system to
write. If you figure it out, please let me know. :-)
Gary
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