Ep. 993: Trend Following Decision Making with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Importance of Heuristics in Trading
John W. Henry was one of the first to focus on the use of heuristics in trading. His simple heuristics for making trading decisions is price action, but there is more. Finding a price trend among noisy random price moves presents a challenge similar to that of filtering information from the noise and many other applications. Trend followers use quantitative tools to enhance the signal of the price trend and reduce the noise around it.
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