059: Reducing Drawdowns with Scott Phillips
Better System Trader
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What Are the Objective Definitions of Classical Trading?
An inside day on a daily chart is really a 60 minute trading range, and eventually it's going to break out one way or the other. I'm trying to get away from subjective notions that people have about this sort of mc Gee and edwards stuff which you can build systems around but have absolutely no predictive value. One of my early trading systems was looking for inside day in in a training market. And i define training as very simple, with just two moving averages crossed over each other. When volatility reaches a historic low, the next break out is probably going to be tradable. Know, thing, things of that nature.
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