ES Journal - 2012
- Thread starter Buy1Sell2
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trendlines/SR /Channels are common practices, posting charts about where they lay doesn't reveal the whole system. But drawing them discretionarily and instituting simple rules around those lines is profitable. A part of the system can only be done algorithmically. Meaning a human doesnt have the speed or discipline to execute when its needed.
Charts are meme's.
http://en.wikipedia.org/wiki/Meme
Agreed.....I'm sure everyone posts tls on their charts.......with so many, and an "algorithmic system" without disclosure of parameters/triggers (nuances) is just another chart with many configurations of lines.
Each one is broken one way or another over different time horizons.
I think the original question was "so what"?
No disrespect intended of course.
you have to ask yourself, what is support and resistance. Is a support line similar when price hits and and immediately retreats or price trades near it by a few tics for hours and then retreats. Which line is more important, the one where price briefly approaches time/(seconds) or where price trades near it for minutes to hours then retreats.
no disrespect taken. The lines themselves are very important to elucidate price structure.
here you go:
http://www.forexfactory.com/showthread.php?t=22663
the holy grail, now see if you can code it.
I completely understand if you do not want to share your own research for free, but would you be interested in sharing your signals once or twice? That would not reveal the method. If not, is there any use in posting the charts?
I suppose this is your "technical" analysis and not your "feeling" analysis?
Quote from Laissez Faire:
I completely understand if you do not want to share your own research for free, but would you be interested in sharing your signals once or twice? That would not reveal the method. If not, is there any use in posting the charts?
I suppose this is your "technical" analysis and not your "feeling" analysis?
I wouldnt be able to post fast enough th signals.
close to a touch of the trend line.
if it can get below this line, time to test the stops below 1383. 50% retrace from daily swing low 1382.25 and 61.8% retrace at 1372.25. 200 day 1376.5.
US gov badgering should keep things moving down as they are nowhere near a deal and already in vacation mode. have no idea why so many are optimistic this will be resolved before Xmas. i wonder what type of odds UK bookmakers are giving on resolution?
I'm surprised the markets have held up for so long, the current state of things, equities would be limit down. Bernanke said he had no tools to fight cliff derailment. Plus politicians and markets never ends good. Fitch and Moodys are ready to downgrade US debt.
Its a psychological cascade of pessimism that leads to a buyers strike.
Likewise but amazing what can be done with a bottomless pit of money. This will be one of the largest credit bubbles in history and largest sum is not being held by banks this time around.
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