The "CURE" is different for everyone. Not everyone can trade the same system and get the exact same result. Just like no 2 race car drivers drive the same exact car the same exact way around a track and get the same exact lap times. It helps when the drivers have the cars set up for their own specific driving style....just like in trading you need to set up your car for you to drive. I have given several examples above with charts demonstrating "how to drive the car" so to speak. But you need to adapt any method to your style of trading
Please share your favourite Moving average levels
- Thread starter victorycountry
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The "CURE" is different for everyone. Not everyone can trade the same system and get the exact same result. Just like no 2 race car drivers drive the same exact car the same exact way around a track and get the same exact lap times. It helps when the drivers have the cars set up for their own specific driving style....just like in trading you need to set up your car for you to drive. I have given several examples above with charts demonstrating "how to drive the car" so to speak. But you need to adapt any method to your style of trading
in your example you misdiagnose (r we still playing doctors or patients in the hospital?) the cure...
the drivers in your example all have cure - a car that was invented by henry ford
and all cars in the race more or less share the same components: internal combustion engine, transmission etc etc
the genius (Ford) invented the cure (car) and the drivers can adjust the car to their style but that not the point since they have something to drive
the trader have nothing (they drive on their bare ass), they try to invent the car (method) but very few archive satisfactory results..
the robust methods of a few capable traders, like cars in the race also imho probably would share similar components
but again the method is what differentiate the wannabe from the trader, and the results of their trading are as comparing walking to driving
However you want to analyse it is fine. My point is that everyone has to figure out what works for them and not expect that any one method will work. There are many ways to win at this game and thousands more way to lose. It is up to the trader to learn from as many sources as possible how to trade and what works FOR THEM.
I have provided several examplesanove of what works FOR ME. In the past someone showed me these examples and it helped me develop my system. Hopefully, it would help someone else
I have provided several examplesanove of what works FOR ME. In the past someone showed me these examples and it helped me develop my system. Hopefully, it would help someone else
Only because most of the knowledge is this field is not transferable....if it would be transferable not much would be left to figure ouit
we are not talking about any method, we are talking about efficient method - the one that is build based on real, not imagined, market patterns and laws
if the method is efficient it will work for any trader, if not - it will work for no one and when working - not for long...
there are no sources how to trade, what ever public information is out there that maybe some of which useful but surely none of it is "know how"
my point is: market is a phenomena of human enterprise , as any phenomena of nature it has it characteristic, patterns, laws etc... people may approach it from different angles, starting points, with different abilities and circumstances, but those who developed an efficient method probably found most or all of the aforementioned patterns, characteristics and laws of the market - therefore they found the same things
and the efficient methods imho would share the same characteristics, and based on the same assumptions.
in turn, the inefficient methods usually inefficient each in its own way because each may luck or did not take in account different pattern or law of the market ....
it's something similar to what Tolstoy said about happy and unhappy families:
“All happy families are alike; each unhappy family is unhappy in its own way.”
similarly all successful traders and their methods are alike, but each unsuccessful wannabe and their methods are unsuccessful in their own way
but coming back to the cure - it is surely the method, nothing else is there
Yesterday , I finally understood this "flat" in moving average...I don't know why we can't see it until someone points it out. After you said it kept reminding me while I was trading. Eventually I saw this flat in both long and short ma and gave me good signals for optimum entries. Thank you FreakOfNature for your great input to this thread
!What indicator do you use to figure out that there is excess buying (selling)?
Volume interpretation is very difficult but I think eventually I will find out the common pattern in the long run, just now I still cannot figure out.
I rely on A/D to see judge whether there is excess buying (selling) cos it shows the exactly the same pattern as shown in my empirical result of my PhD research.
Percentage of up volume vs down volume - ignoring unchanged volume.
Price, volume (and especially time) "keys to the kingdom".
%%
Good chart EGA6;
extended, but usually they[UP trends ]tend to get more extended.
Pull backs happen in SLV or whatever....................................................................................WSJ likes 65 dma..... -that may help sell papers.[7-6-2015, 3:57 central time] IBD likes 200 dma.....