Simple Profitable Method

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Why dont we just re-name the thread;

'How to bastardise a simple method'

Would those that seem determined to poke, prod, bent the original please show some trades with the new runt version?
 
Hey,

This is T28's system with just a few moving averages
added (6 blue m.a.'s and 6 red m.a.'s =12 m.a.'s).

Just moving averages no big deal.
Still T28's idea and system.
If you don't like the moving averages don't put them in.

The moving averages show you a different way to look at the ( 0 line). The balance in the market between short term investors and long term investors. Support and resistance.

We want to keep this a "Simple Profitable Method" that's
the other secret to this whole thing. "Simple" is
a hugh secret.

Thanks

snarlyjack
 
I'm using Sierra Charts and looking to add stochastics as some have suggested here. I have slow and fast stoch available - which do I use to match up with what is being discussed here?
 
Hawthtrader,

Jack Hershey would suggest:

1). Stoch (5-2-3)
2). Stoch (14-1-3)

I am not sure which is best, You'll have to watch them in real time.

snarlyjack
 
Quote from Charly:

Snarly
rcj
Jack H
+ others

Very interesting, indeed. Thanks to all of you.
That is the only way to clear up certain
questions.
I'll be with you with my findings as soon as I have become familiar with my new software.

I do not understand yet Jack H.'s chart +
comments. May be he would be kind enough to show a complete chart or go
a bit more into details with regard to the decisive signal(s).

Is there no ACV for your DOM as re- commended by VSTscalper ? read that in another thread the other day.
Unfortunately my software does not contain this feature (as far as I know -
so far).

Charly
More...

I asked snarly to do 2 things.

1. paste my chart on his chart.

2. make and post a log of the trades shown on the chart by using his price values.

I felt that he would have a unique experience in his life. He would see that from the beginning of the day to the end of the day that he could be in the market and making money.

This will not happen for him for a while.

Here is why.

1. He cannot take direction.

2. He cannot associate with any tool what a SIGNAL really is.

3. He cannot understand how, in the interval before a signal happens, there is a reason to keep a log to note THAT THE SIGNAL WILL BE ARRIVING SOON.

4. He cannot, at this time, see that there are many false signals that are generated by the SPM and he cannot, at this time, come up with an indicator that tells when SPM is giving false signals.

All of these things are curable for almost anyone. Most of the time they occur because these things are unconsidered, are unknown or ill considered.

What draws people to various things is their propensity to be attracked. Advertisers take advantage of this known propensity. Here the participating group has this common propensity.

Method....this is desired by those who have none.

Profitable..... Removing risk is a thing most people do not have knowledge or skills to do. Profitable implies and infers something about not losing.

Simple....This term ranks, for trading, with the two magnifiers for soap>>> NEW and >>>IMPROVED.

So as an example, I replaced all of the signal generators of SPM with one signal generator. I, also, as a courtesy, put up the better modern defaults for other usable stuff of SPM (MACD).

Stoch 5, 2, 3 is primarily a filter since the signal is 50%. It is a market "sentiment" indicator. Sentiment is never neutral as you can see.

You can also see the approach of a sentiment change WELL IN ADVANCE. This helps cure the "freezing" of people who are trading in a "repeated failure" syndrome.

Often the sentiment approaches neutral but it either crosses or turns back as the sentiment resumes. The person monitoring simply logs the event as what it is: a reversal or a hold.

snarly is not trading as a rule. What is he doing? He is, as he says, "watching". What is watching? it is not making money. It is not designing a method. It is not determining what market signals are. It is postponing failure more than anything at this point.

So what does the original SPM need?

1. signals.

2. A filter to keep the person from using SPM when it is not capable of giving signals.

3. "Fixes" for the problems it has. Several have been offered by the OP as the thread focussed on problems.

The thread is not going to see the application of the signal generator I used as an example of what "simple" really is. It would take annotated charts and logs.

I left price off my example purposely so the log could be created by doing the pasting. I suggested that it would not work and it didn't for most of the reasons above.

The former post and this one are having the regular effect: I have disrupted the thread with two posts that are on topic. when I enter posts in a thread they are disruptive because of their substantive content and thought provoking nature. That is bad.
 
Quote from jack hershey:

...The former post and this one are having the regular effect: I have disrupted the thread with two posts that are on topic. when I enter posts in a thread they are disruptive because of their substantive content and thought provoking nature. That is bad.
More...

I disagree Jack. I think the confrontation is beneficial in that it does inspire critical thinking. I hope you were being facetious.
 
Quote from rushmere:

Snarlyjack
Would this help for short term analysis
http://www.tradingmarkets.com/.site/stocks/commentary/editorial/2-Period-RSI.cfm
More...

That's not a bad link.

Even better from my pov was this -
thanks Jack H:

>>the interval before a signal happens, there is a reason to keep a log to note THAT THE SIGNAL WILL BE ARRIVING SOON.<<

In addition an indication that filters out
sideway movements to a certain extent would be great as well.
No clue whether this exists.

Hopefully our friednly and helpful 'snarly' will present us that chart with Jack's ch. as a overlay.
Unfort. I can't do it - don't have their
software as mentioned before.

Charly
 
Quote from snarlyjack:

Hawthtrader,

Jack Hershey would suggest:

1). Stoch (5-2-3)
2). Stoch (14-1-3)

I am not sure which is best, You'll have to watch them in real time.

snarlyjack
More...

use them both
 

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