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C.V.: A good simple definition of a trend is 12 consecutive closes above (or below) the trailing close from 24 days ago. The trend is then in effect and stays in effect until the close is below (or above) the trailing 24-day close. |
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Neal: Where are your real-time quotes? |
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C.V.: As I mentioned, I don't use a tick-by-tick trading system. |
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Neal: Just thought I'd throw in a trick question. In previous discussions, you talked about the book Market Wizards. Is there one particular chapter you found significant? |
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C.V.: The book was extremely informative. The chapter on Ed Seykota I found of great interest. Seykota basically says to stick with the trend. There is no deep mystery about trading futures. |
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Neal: Where is your television? I mean where is CNBC and all that information technology? |
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C.V.: The markets are a better source of information on what is going to happen in the markets than any news media. |
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Neal: Would it be fair to describe your trading environment as Spartan? You have no quote monitor and no television. |
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C.V.: I would prefer the word focused. As I mentioned, I use the Internet for my quotes. I find quote.com, which displays bar charts in any time frame, from one minute to one month, to be very valuable. I rarely look at commodity news. Price already reflects what comes out in the news. One computer is dedicated |
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