Quote from Trader666:
First you wrote:
And then when I posted a chart showing this was NOT true, you backtracked:
And oh BTW... about the two "cycles" that you annotated... NEITHER fit the volume criteria you explained in detail a few posts ago. NOT EVEN CLOSE. So you would have MISSED BOTH moves (unless of course you want to make up new criteria in hindsight, like you draw your trendlines in hindsight).
Just to help you out. I brought up NTRS simply because it is a good past example of PVT trading. what makes it a good example for me and not for you is that it became a tenured stock for a lot of people over the last few years. They, as I do, have an objective of making money with a comfortable workable universe.
As we made the camtasias of the IBD meetings, anyone who looks at them can see the stocks discussed and how the participants traded various stocks. During that period we met twice a month. and on alternate weeks in between sub groups met around town in various places. Sometimes at a home where I might attend and we look at the market during RTH's
NTRS was one of the fun stocks and several people did trade it as a tenured stock and during that period it had 4 consecutive 30% runs.
It happened and a lot of people enjoyed it. I enjoyed it too.
You think that people would miss the NTRS moves. Congratulations.
I don't think so. The reason I don't is because they simply did it in the past and they are familiar with the stock. If I were to go on to talk about some of the actual meetings and the home subgroup chats, it would become more and more clear how individuals trade using PVT.
You are screwed, in my opinion at this point with regard to PVT and trading it. ET needs people like you whom others can identify with and then decide to not trade using PVT.
You are humping away proving this and that. As I suggested I can't figure out how losing 16 dollars a trade on 25,000 back test trades works to prove something. You may feel that it proves there is no statisitical significance to your backtest.
Was it a backtest of a paper or was it a backtest of trading stocks to make money?? What kind of capital did you use and how did the sequence of 25,000 trades unfold?? Who cares anyway. Any answers just show the stocks you use aren't too uniform in their character because they are not sorted except by the rules to get into whatever S&P club you are refering to in this lap you are taking.
