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The Future Is Not Hidden, It Is Unwritten What a forecast does when its subjects can act on it Previous: Episode 1, What Bohm SawNext: Episode 3, What Survives Is What Could Not Be Eliminated Imagine a bar that is...
What Bohm Saw The relationships between things are part of what the system is Previous: Introduction Next:Episode 2, The Future Is Not Hidden, It Is Unwritten A risk report shows each futures position within its intended limit. Then a common...
Twenty-eight markets rose. Trend strength eased to 50%. This was a week in which the performance board broadened sharply, but the trend environment lost a little ground. Twenty-eight of 49 futures contracts finished higher, twice the previous week’s 14. Six...
Hidden in Plain Sight A working trader’s case for seeing relationships, constraints and process Next: Episode 1, What Bohm Saw A forester returns to a familiar stand and notices that the undergrowth, birds and soil no longer seem to respond...
Every Outlier Begins Somewhere The Foundations Series: Ten Essays on What Systematic Trend Following Rests On Watch the Episode SERIES OVERVIEW There is a moment in every serious trader’s education when the accumulation of information stops and understanding begins. The...
Three Books, One Question Markets. Systems. Reality. Why I wrote a trilogy, and why the three books are meant to be read as one. There is more order in the world than there should be. I noticed it first in...
The Map Is Useful Until the World Changes An eight-part journey through five centuries of uncertainty In December 1997, Myron Scholes and Robert Merton received the Nobel Memorial Prize in Economic Sciences for work that had transformed the pricing of...
Built for What We Cannot Foresee What five centuries of managing uncertainty can teach us about surviving the next surprise A Venetian merchant commits capital to a ship that may never return. An eighteenth-century insurer studies mortality tables before making...
Only fourteen markets rose. Trend strength held its ground. This was a week in which the performance board narrowed sharply, but the trend environment did not. Only 14 of 49 markets finished higher, down from 24 a week ago and...
“A trend portfolio is not paid at the moment a trend is identified. It is paid for the distance travelled while it was already positioned, and it hands back the same way.” About This Report The ATS Classic Trend Benchmarking...