Indicator missing

ttrader · Jul 16, 2002

So often I hear the term "feeling" in connection with the stock market but I am myself an absolute "technician". I know almost all technical indicators almost to insanity, but one indicator is missing - one that would quantify this "feeling".

Or maybe am I wrong and this feeling results only by looking at some indicators and then saying "Yes I feel it", but actually it is only the indicators signal ?

Hubert · Jul 16, 2002

yes Feeling is part of it

and it can only be gained by experance
usually about 2 years if you work your balls
off.

ttrader · Jul 16, 2002

And You don't use any technical indicators ?

Hubert · Jul 16, 2002

no i use indicators
wilder Rsi stos 14,3,3,
macd 12,26,9

its just i think that traders develop a feel over time also

ttrader · Jul 16, 2002

I use Stoch 21 13 8 and
MACD 55 34 21 and 21 13 8 and
WRSI 13 on 55min. charts.

Could it not be possible to translate feelings to indicator signals ?

Hubert · Jul 16, 2002

i guess it could but then you would just have a trading program execute the thing and no people

i know of no system but that does mean it does not exsist

good luck

darkhorse · Jul 16, 2002

Originally posted by ttrader

Could it not be possible to translate feelings to indicator signals ?

Ed Seykota has supposedly written software for this

ttrader · Jul 16, 2002

Interesting site.
He states on his site he made 15 000 000 out of 5000 in 12 years.

That's 5.7% p. month ... Is he kidding ?

At least "turtle trader" is a good name for his system.

I even understand why he is charging 999$ for it.

ttrader · Jul 16, 2002

But thanks for the hint.

darkhorse · Jul 16, 2002

Originally posted by ttrader
Interesting site.
He states on his site he made 15 000 000 out of 5000 in 12 years.

That's 5.7% p. month ... Is he kidding ?

At least "turtle trader" is a good name for his system.
I even understand why he is charging 999$ for it.

Are YOU kidding?

Do you know how to use a calculator?

Five grand into fifteen million....a three hundred thousand percent return is no big deal?

Look a little closer, Turtletrader is not even his website. He is just one of the traders profiled on it, along with many others. Seykota currently runs an outfit with a few partners called Galt Capital. Minimum investor requirement: ten million bucks.

And whatever software he uses, it's definitely not for sale.

p.s. ever wonder why you never hear about daytraders compounding their accounts into eight or nine figure sums? Something to think about...