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I think Sampson would agree (correct me if I'm wrong) his other post got inspired by the fact that a company sold a system for a hefty sum that is available for free by others. Those others bring up an ethical question as well. Compare and contrast: http://www.turtletrader.com/ with...

Samson, give more credit to your fellow ET readers and posters... We're able to recognize posts for what they're worth, whether they're a valuable contribution, or an attempt to antagonize. There will always be those that take pot shots at well meaning people who offer up a personal...

It's a firewall.

Too cool! Abogdan, you are really fascinating! While we'll never agree on the "trends don't exist" argument or that chart reading is like "picking patterns out of clouds," I enjoy all of your posts because you're a thinker. I actually worked up a spreadsheet measuring and comparing the...

Well, that's a pretty salty statement! After reading your entire post, I find the above statement is the only point for which I disagree. You've made an excellent post; it's a great contribution. Where you find entertainment (laughs) I find a wealth of information. I've been a lurker of...

Testing... yes, in that I looked at hundreds of charts and plugged in numbers from those charts (sort of backtesting, if you will). I think abrogdan did argue that trends don't exist (I'll have to review the posts) except for on much longer time frames. He compared using price and time...

Usually with trendlines; drawing up the charts using both, horizontal (previous highs or lows) lines and sloping channels. This is pretty powerful when there's confluence with fib numbers. I've also experimented with optimized exponential moving averages, MACD, etc., but have never taken a...

Call it greed, a violation of the rules, and inexperience, then after experiencing losses, the progression of mistakes spelled out in the original post. The system: I entered or exited trades by using a previous day's low and the pre-market high for the fib calculations (or visa versa...

Before the idea of the existence of trends is dropped (as neutrino suggests) perhaps you should debate someone who's been successful using only trends and price action. I'm very new at trading and therefore I have no authority on the subject. For that, I seek the experience and guidance of...

Please pardon my ignorance: Is there a bid-ask spread with currency futures? Your statement makes it appear as if there is not one. (I'm playing around with a couple live spot accounts now that have 3 pip spreads.) Any suggestions on a currency futures simulator or demo?

I read a story a few years back about lottery winners. The common theme was loss of friends and estrangement from family. The two factors that came into play were jealousy and related to that, entitlement. Because of the windfall, those around the winner expected hand-outs. No was not an...

Or invest in a new fledgling technology? There is a choice, you know. A fundamentalist would make the decision based on his or her own appraisal of what they thought the potential was, i.e., what's the future growth prospects were, etc. A technical analyst would watch the share price of...

At the beginning of this thread, I divulged that I had a horrific losing streak. Prior to that occurrence, I actually had a win rate better than 80% trading short term. My primary tool was a spreadsheet that calculated fibonacci targets. I've attached a picture of the spreadsheets. In...

I'm not so sure I agree with that. The two schools of thought are fundamental analysis and technical analysis. Your method does not sound like fundamental analysis. How does your method deal with trader psychology? After all, this is really what the debate is about. Traders miss trades...

Abogdan, I've enjoyed the debate! The information you've provided is indeed quite interesting. However, what you are doing is no different than other forms of technical analysis. Here's what I mean: You've taken years of data and analyzed it to derive patterns and formulas for the...

Quote from OldTrader: "Sentiment Analysis" as you put it is exactly what the chart reader is attempting to figure out from the chart. As the actions of the various traders filters into the chart itself, the chart reader should be able to detect the shifts in sentiment. I think OldTrader...

Hmmm.... We see this point differently. However, I think I understand what your trying to say. Perhaps there's confusion about what we mean by a pattern.

Abogdan, this is a followup to my previous post and part of the same argument: Those who make the "there is a trend" argument (this includes me) recognize that there are three market directions: Advancing, declining, and sideways. Part of technical analysis is having a method of measuring...

First, Abogdan, let me say I'm really impressed with your comments--very compelling and intellectually stimulating. I'm not so sure I agree, however... Are not price charts simply a visual picture of what the masses are doing? And if you agree with this, then wouldn't you also have to agree...

Phreedm, You've been given great advise thus far. I will only add that you should not skimp on the power supply or cooling fan. I build all of the servers and PCs for our company, and these components can be the cause of blue screens and/or lock ups. My personal computer is dual-boot...