Might be the best post in this thread.Quote from Joab:
This is really a SIMPLE subject with a SIMPLE answer.
If your making money and your happy about how you are doing it then shut the F up and leave other people alone.
I use whatever I have too, to help me get an understanding or where PRICE is going and I use indicators as well as price action as well as channels etc, etc.. I would even use dog shit if it helped me make more money.
If your in this business because you have to be right then your already beat. Be in this business to make money and that's it.
To each their own
On the fundamentalism of PA traders
- Thread starter Smurfie
- Start date
AlpineTrout
Registered: Feb 2004
Posts: 294
11-20-08 07:25 AM
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Quote from optioncoach:
One thing all major league in baseball agree on, if a guy is hitting .300 or 30 homers a year on average, you do not try and fix his batting stance to what you deem to be "correct" you let him hit the way he is comfortable and successful....
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Actually many professional athletes are constantly trying improve their games. Baseball players change their batting stances regardless of their average and coaches work on those stances with them. The same is try with successful quarterbacks and their throwing motions and footwork and the same is true of successful basketball players. Tennis players at the top level of their game have personal trainers that do nothing but work on their swings with them.
Registered: Feb 2004
Posts: 294
11-20-08 07:25 AM
--------------------------------------------------------------------------------
Quote from optioncoach:
One thing all major league in baseball agree on, if a guy is hitting .300 or 30 homers a year on average, you do not try and fix his batting stance to what you deem to be "correct" you let him hit the way he is comfortable and successful....
--------------------------------------------------------------------------------
Actually many professional athletes are constantly trying improve their games. Baseball players change their batting stances regardless of their average and coaches work on those stances with them. The same is try with successful quarterbacks and their throwing motions and footwork and the same is true of successful basketball players. Tennis players at the top level of their game have personal trainers that do nothing but work on their swings with them.
Anything that shows up on your screen is historical and by definition lagging.
Anything that uses multiple elements of historical data - eg, "higher high" - is an indicator.
Anything that uses indicators with a time cutoff - eg, only look at "today" data - has time dependency and therefore has periodicity.
I must admit I am completely baffled by the PA/non-PA vehemence as you're all doing exactly the same thing - making bets on future movements using a historical time series of price.
Peace, out.
Anything that uses multiple elements of historical data - eg, "higher high" - is an indicator.
Anything that uses indicators with a time cutoff - eg, only look at "today" data - has time dependency and therefore has periodicity.
I must admit I am completely baffled by the PA/non-PA vehemence as you're all doing exactly the same thing - making bets on future movements using a historical time series of price.
Peace, out.
Unfortunately, there is but one correct method.