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IN THE TOP THREE
Editor,
Thanks for the great article on channel
analysis by Editor Thom Hartle in your
July 1998 issue. It’s one of three of my
favorite articles in seven years. Keep up
the good work. I also like the artwork in
your magazine.
ROGER GARABEDIAN, Fresno, CA
TRADING SYSTEMS
Editor,
Would you do a big favor for the trading
community and bring some truth to the
surface about the best trading systems
out there? Please publish some serious
scientific work.
ARTHUR C. G. JOHANNPETER, via E-mail
Opinions abound on the usefulness of
one trading system over another. Trading
systems can be segregated into
two groups: disclosed and nondis-closed
(black boxes). Black boxes are
systems that tell you what to do without
revealing how the system generated
the recommendation.
In actuality, black-box nondisclosed
systems are almost always some combination
of known technical analysis
methodologies. Disclosed systems,
too, use trading studies, tools, techniques
or methods that STOCKS & COM-MODITIES
covers.
STOCKS & COMMODITIES endeavors
to teach our readers how to trade with
whatever tools and information are
available. We also describe or review
products or services that could be helpful
to traders. Reviews can give you an
idea what a product does and what it’s
like to use, but a reviewer may not be
able to judge the provider’s integrity.
Moreover, instructions for implementing technical analysis are a little like
cake recipes: The results are greatly
affected by the practitioner or cook.
One of our magazine’s ongoing edi-torial
goals is to publish articles about
charting and computerized trading techniques.
Thanks for writing. —Publisher
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