Thursday, December 3, 2015

The Turtle Rules

Turtles were taught very specifically how to implement a trend-following strategy. The idea is that the "trend is your friend", so you should buy futures breaking out to the upside of trading ranges and sell short downside breakout. In practice, this means, buying new four-week highs as an entry signal.
Asian shares slipped while the euro retained lavish gains on Friday, a day after its biggest one-day surge in nearly seven years as the European Central Bank's stimulus package fell well short of markets' high expectations.