When Movement Refuses to Become Trend June was the month of the turn. July was the month when almost nothing stayed turned. For the second consecutive month, every benchmark in the Battle of the Trend Following Indexes finished negative. But...
Exit Logic The entry gets you in. The exit determines what happens next. Two rules. Two different problems. One keeps the mistake survivable. The other gives the extraordinary trade room to become extraordinary. Previous: System Anatomy 1: Entry Logic |...
Entry Logic The entry signal fires without certainty. That is not a flaw in the design. It is the condition under which the entire system operates. Previous: Introduction: The Programme, From the Inside | Next: System Anatomy 2: Exit Logic...
Global futures markets delivered a more selective week to Friday 14 August. Energy led at plus 5.33 percent, with all six contracts higher. Heating Oil surged 9.75 percent, Gasoline RBOB 6.66 percent, Brent 5.95 percent and WTI 5.40 percent, sharply...
The Programme, From the Inside Introducing the System Anatomy Series: seven essays on the structural logic of how a systematic trend following programme is actually built and run, written for the practitioner who wants to understand the mechanics, not just...
“Two investors can run the same trades. Only one of them had to be right about anything.” Compounding is one of those ideas in finance that sounds simple until you actually live through it. A return is not earned in...
My father sat in that chair every evening. Same chair, same angle to the television, same hour, after dinner, when the light through the window turned golden and then faded. Over the years the cushion moulded to him. The armrests...
Previous: Episode 5 – What Works and What We Got Wrong Five episodes, 68 futures markets, 42 years. An empirical audit of the number modern finance calls risk. A Series Synopsis A five-part empirical investigation into whether the number modern...
“An improving environment and a paying one are not the same thing.“ Trend Following Weekly Report Global futures markets turned upward almost everywhere in the week to Friday 7 August. Metals led at plus 6.52 percent with all five contracts...
Inside the Loop: Uncertainty in War and the Markets, Part Two Episode 015 is live, and it brings our two part special to a close. This month Rich Brennan, Jerry Parker and Adam Havryliv are joined once more by Mark...
