Does T-Line Trading Work?

[easymon1]

 

[JamesAndr]

I guess that now we can find some more platforms that can be used in the business. I know that because I have a friend who is trying to develop a business now. He even started to look for the big companies' strategies and found a blog about oil traders and their history. He shared it with me too. To be honest when I read that blog I was surprised. I knew that this business is an old one but I didn't know that they are still developing those old strategies that are working in this modern life. So I guess that you have to look for something else.

 

[easymon1]

I guess that now we can find some more platforms that can be used in the business. I know that because I have a friend who is trying to develop a business now. He even started to look for the big companies' strategies and found a blog about oil traders and their history. He shared it with me too. To be honest when I read that blog I was surprised. I knew that this business is an old one but I didn't know that they are still developing those old strategies that are working in this modern life. So I guess that you have to look for something else.

Tell us more...

 

[easymon1]

Trading the T-line - cut to the chase ...
Stephen Bigalow
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-15#post-5162295

 

[Darc]

Does T-Line Trading Work?

T-line moving average

View attachment 207896

naa, not a chance. there's no way something like that could work. impossible. too simple.

what say we post every chart image we can find where T-Line trading DON'T WORK.

Stephen Bigalow, Trading the T-line

Rick Saddler, T Line™ Crossing 34ema Strategy

Post Images of T-Line trades you find that Do Not Work, entry to exit, whipsaws and all.

Thx

Basically just another version of the RSI isn't it @easymonMan?

 

[Darc]

How'zat?

When it moves under the T-line/RSI -sell, above - buy.
Somewhat of a mean reversion strategy?

 

[Darc]

Darc, you and MarkBrown could post up a few of these that don't work and tally up the number
of examples that you went through to come up with those few non-workings. 0 worked for 3
non-working? 1:3, 2:3, 5:3, 9:3?

Bigalow succinctly covers the rules for trading the T-Line in a couple of sentences cued up in this
vid below....
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-15#post-5162295

Not saying it doesn't work, it generally does. Just saying it kinda mean reversion.
I messed around with Keltner Channels, setting the middle line to 8 and the outers to 1 x 2. Sorta showed it worked.

 

[MarkBrown]

Not saying it doesn't work, it generally does. Just saying it kinda mean reversion.
I messed around with Keltner Channels, setting the middle line to 8 and the outers to 1 x 2. Sorta showed it worked.

ta is like a bus that gets you there and avoids alot of foot traffic, once you have arrived then price action is what's needed.

you mentioned rsi lets say set the sell zone very high on an rsi like at 90, just because it hits 90 is not a sell it maybe an indication that it will will go down and or rest a bit and then continue its direction.

if it hits 90 and the price action is starting to rip down then sell it. if it hits 90 and backs off it's recent high then place an order to buy at that recent high, cause it's consolidating to run higher.

so once you put ta into perspective as the limited tool that it is, it works pretty well. m

 

[murray t turtle]

I never believed in trading psychology or books there of for myself, and yes I bought Douglas' first book and even Van Thorp material, the latter was so heavy became a door stop when it was windy and Douglas' book became kindling. And yes, in my latter years, most books found their way into fireplace including Al Brook's. And now I don't buy any books on trading. If it is new, most likely it never will work, and if it is old, been written much.

For myself, hypnosis for the subconscious works better.
To each's it own.

%%
Good point, you actually found a use for m Douglas book Good thinking
A female asset manager uses a 34 day moving average for investors/ most anything could work in an up-trending bull market.
Dr Van Tharp had 2 real good victory points, on the top 2 shooting match winners+ no psycho-babbel.
Back to bear rally charts.