ES Journal Archive (2009 - 2010)

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Quote from Arthur Deco:

Do you still call a bear flag when it starts riding up your MA?
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thatts a 5 min chart, i'm always playing with the indicators,find em about as reliable as a womans moods,still trying to figure em out though
 
Quote from Arthur Deco:

There was a totally random, utterly irrational, and usually untrustworthy bounce off a Dow retracement of the last big move. Unverifiable as valid by backtesting. You believe that voodoo bullshit? Somebody did.
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That "believe" word again. You really can trade what you believe? I suppose the value here is at least don't trade what you don't believe. The trader that made money on that run a moron I guess.. Actually saw a long on that I didn't take which was worth a comfortable 12 NQ.. lost short instead.
 
Quote from Rashid_G.:

That "believe" word again. You really can trade what you believe? I suppose the value here is at least don't trade what you don't believe. The trader that made money on that run a moron I guess.. Actually saw a long on that I didn't take which was worth a comfortable 12 NQ.. lost short instead.
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I think Mark Douglas was spot on in his books about market action being all about belief. For myself, I only trade what I have backtested. That is the source of my belief. Verging on faith. That is not to say that there aren't days when I feel like Job.
 
Quote from Arthur Deco:

I think Mark Douglas was spot on in his books about market action being all about belief. For myself, I only trade what I have backtested. That is the source of my belief. Verging on faith.
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Ok.. I overlooked where you said "verifiable".. therefore based on testing rather than belief.. you mean beilef in your testing/system...
 
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