Quote from Lamont_C:
FWIW, I've learned a lot from him and am doing considerably better than I was before. You seem to be doing fine with Hershey. Great. Whatever floats your boat. No one is required to choose.
LC [/B]
You are required to choose. The choice is , however, personal. Each trader has to choose those things that are in line with their individual personality and belief systems.
You could not pay me to use constant volume bars. Not because constant volume bars are inferior (something I never said, btw Profit Logic), but because they do not fit my belief system.
I believe volume represents activity of the Professional Money. This activity ultimately drives the market. This activity is creates the supply/demand imbalances that cause markets to turn or move in one direction or another. Constant volume bars by definition do not allow for changes in activity to be seen from bar to bar. Thus I must make a choice.
This is one major reason why black box systems should be avoided. The creator has made choices based on what he believes. The user, not knowing what those choices are, can not be sure if they fit into his belief system as well.
In the end, we choose to be long, short or out of the market. What happens after that is NOT our choice. Therefore we must certainly own up to the things we can control: the methods and systems we use and the underlying believes they are based on. And in the end, these are personal choices.
BTW, that original db thread may just be the best thread ever on the net as far as I am concerned. Price/volume Supply/Demand here is where the truth lies. I guess I've made my choice.
