House of If You Can Draw A Straight Line
- Thread starter dbphoenix
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Since this has come up elsewhere, I suppose I ought to repeat it here so that those with whom wants to "discuss" it are on the same page. Arguing about "edges" accomplishes nothing unless the participants are all talking about the same thing.
Your edge begins with the knowledge you gain through your research and testing that a particular market behavior offers a level of predictability that provides a consistently profitable outcome over time.
I insert the word "begins" because no amount of information or knowledge will constitute an edge unless one implements what he has learned through his research and testing. If he can't, or won't, then it's all just wishful thinking.
Your edge begins with the knowledge you gain through your research and testing that a particular market behavior offers a level of predictability that provides a consistently profitable outcome over time.
I insert the word "begins" because no amount of information or knowledge will constitute an edge unless one implements what he has learned through his research and testing. If he can't, or won't, then it's all just wishful thinking.
Mean of the premarket range?
Would you consider the higher low after the initial break back out failed, a dog?
One pretty big advantage for me from that thread that whozis started (over 2000 views now
) is that it confirms what I already suspected: that those who read and study the material succeed with it; those who read it but don't study it don't succeed with it; those who don't read it . . .
So those who are willing to put in the time and make the effort are welcome to ask questions and in general participate. Those who aren't, aren't. I'd like to have a moderated thread so that those who'd like to participate without being hassled could do so, but that's not going to happen. OTOH, this new software has an excellent Ignore function. I suggest that those who'd like to participate in a troll-free environment use it. It's your money, after all, and it's up to you to learn how to accumulate it and what to do with it.
) is that it confirms what I already suspected: that those who read and study the material succeed with it; those who read it but don't study it don't succeed with it; those who don't read it . . .So those who are willing to put in the time and make the effort are welcome to ask questions and in general participate. Those who aren't, aren't. I'd like to have a moderated thread so that those who'd like to participate without being hassled could do so, but that's not going to happen. OTOH, this new software has an excellent Ignore function. I suggest that those who'd like to participate in a troll-free environment use it. It's your money, after all, and it's up to you to learn how to accumulate it and what to do with it.
Break back out?
Well we tested the mean then traded back out of the original range only making it back to 84 before trading back down making a higher low. Maybe my terminology is incorrect. Is the range itself no longer valid? I had the range high at 79?
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