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The Limits of Technical Trading Approach?
A columnist for TheStreet.com "Rev Shark" recently wrote about technical analysis. Among other things he offers:
Mechanical trading systems can work, but few of them are adaptable to the ever-changing market environment.
We agree and disagree. If Rev Shark is speaking of the technical gurus who try to predict and use black boxes, we agree with him. However, trend following is indeed technical trading and it indeed adapts to changing markets. This point is made clear in the book Trend Following.
Read Rev Shark's article:
Rev Shark needs to update this article to recognize the existence of trend following trading!
