So you've short for the last seven years? I'd get a new program.
Price doesn't move in bars. Price is continuous.
How many of you (small timeframe) traders take PA into account?
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So you've short for the last seven years? I'd get a new program.
Price doesn't move in bars. Price is continuous.
You really ought to read the SLA/AMT pdf that DbPhoenix shares with any who wish to read it for free. "Bars" are irrelevant to trading an auction market. Just ask some of your hedge fund friends - they'll tell you the same thing.
Fear of being ridiculed? Hardly.
As for the rate, I make two to three trades a day. If a long is worth about 20pts, a false start on the downleg is a loss for four points, and the downleg is worth 15, what is my winrate? What is my P:L?
Next day I start the day with two losers, one on the long side and one on the short side, each loss is worth four points. There are no other trades that day as price doesn't move out of its range until the afternoon. What is my winrate? What is my P:L?
Maybe your statisticians can help you out.
(and price action traders are not "my group", though we do have a kinship)
Why do you constantly fuss at those who don't use whatever form of analysis you deem proper? I've noticed that whenever someone talks TA or PA, you never stop fussing. What's the deal? If your method of analysis works so well, why bother fussing at those whom you believe aren't doing as well as yourself?
My final post on the thread as obviously I have offended many and most still don't get what I am trying to get across. That's ok-- since most feed the few in this game.
If scribbles straight lines and thinking about the market like its eBay works for you, by all means don't listen to me and go for it.
But, I know for certain, that it doesn't work for you despite how good it makes you feel to think u have a working profitable system that works in all market conditions--- it's not you and no amount of psychology will turn a subpar system consistently profitable.
Work on your system not ridiculous psychology on a non-sensical system that u have been convinced makes sense by winning a little or staring at charts created delusion hindsight bias. Use computers for what they were meant to do, not draw charts like its 1945.
Peace out--surf
If scribbles straight lines and thinking about the market like its eBay works for you, by all means don't listen to me and go for it.
But, I know for certain, that it doesn't work for you despite how good it makes you feel to think u have a working profitable system that works in all market conditions--- it's not you and no amount of psychology will turn a subpar system consistently profitable.
Work on your system not ridiculous psychology on a non-sensical system that u have been convinced makes sense by winning a little or staring at charts created delusion hindsight bias. Use computers for what they were meant to do, not draw charts like its 1945.
Peace out--surf
If you had a consistently-profitable system that worked more often than "sometimes", you might have some credibility. But you haven't, it doesn't, and you don't. Therefore, what you know "for certain" has no particular relevance.
The "peace" sign-off is inconsistent with the bullying and the name-calling, but I doubt you see that. Maybe you should eat something.
Ah!.....the story of the turtle and the fish:
fish: "Hi turtle, haven't seen you around recently, where have you been?"
turtle: "I have been on land, just came back"
fish: "Land!?, what is that?, there is no such a thing. There is only water."
turtle: "There is land, furthermore, there are trees, buildings, mountains, cars, human beings and many more."
fish: "Why do you tell me lies every time we meet, I thought we were best of friends?"
turtle: "Am not lying to you. Why don't you believe me? I've been there. It is true."
fish: "You are clearly a fool, there is only water. It is so obvious. What is wrong with you?"
turtle: "Am off to land to explore further, see if I can reach the NYSE."
fish: "Fool.....I mean peace."
Well, just caught a secondary test in Euro and Nasdaq futures. Profitable trades so far. If PA doesn't work, someone should tell the markets.
Let me now see if oil turns around to the upside......2 min. chart.
Let me now see if oil turns around to the upside......2 min. chart.
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Jesse Livermore: "...Of course there is always a reason for fluctuations, but the tape does not concern itself with the why and wherefore. It doesn't go into explanations. I didn't ask the tape 'why' when I was fourteen, and I don't ask it today at forty. The reason for what a certain stock does today may not be known for two or three days, or weeks, or months. But what the Dickens does that matter? Your business with the tape is now -- not tomorrow. The reason can wait. But you must act instantly or be left behind."