November 29, 2008

Currency trading system – One of the earliest methods was the "Dow Theory," a set of rules for interpreting market action drawn up by William Peter Hamilton about 40 years ago, which were roughly based on the writings of Charles H.

Dow. The question of how to apply the various Dow Theory rules is still subject to considerable dispute among adherents of the method, and the battle of reliability is still being bitterly contested by its supporters and detractors. The search for mechanical market techniques accelerated after the 1929 crash* which had revealed not only the treacheries of emotion but also the frequently appalling inadequacy of even the most reputable investment advisers. The well-known debacle of the closed-end investment companies during the period following the crash”including those managed by some of the best-known names in Wall Street”indicated to many observers the near-impossibility of reliably predicting the course of stock prices. A striking result of this sad situation”and perhaps the quaintest automatic investing technique ever invented”turned up in this field. This was the so-called "fixed trust.

Currency trading system – One of the earliest methods was the "Dow Theory," a set of rules for interpreting market action drawn up by William Peter Hamilton about 40 years ago, which were roughly based on the writings of Charles H.

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