Stochastics

Wrong again! I wasn't in the contest. But I did see you get called out on Usenet about being the biggest loser in it, and watched as you (unsuccessfully) tried to obfuscate your way out of it.

What's phenomenal is how YOU keep doing YOUR thing, playing your pied piper game, offering gold plated turds to those who don't know any better.
Quote from jackass hershey:

I think the trading contest had a start and a finish. Once started you were in the contest. I believe that when the contest ended I was inactive and had a contestant result. I have been told it was -24%. For a while the percent diclined to -26%. Now it is back to -24%.

There are many blogs which comment on my trading and my posts and my post's quality and, moreso, their quantity. Most are negative owing to the vantagepoint of the producers. Here Trader666 does his thing as he has for years and years. He is phenomenal.
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Quote from MandelbrotSet:

The long and short of it is that I trade more than one market at a time. To do this effectively I color code the different charts, and their respective NinjaTrader DOMs as well.

Anyone who has done it before knows that scalping three charts simultaneously is extremely difficult ... it's like bartending at a high-end, super fast paced night club. You have to know where everything is located, and what it is doing, by heart. Just saying "Oh, I'll trade by price action alone" would be financial suicide in this case.

Hope you get it. :)

Good trading.
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So a random function is based on a bartender in LA? Humm.

But you're right, price = suicide. A resultant of a resultant gets you no where.
 
Quote from MandelbrotSet:

LMAO, I bet shortorlong the subject of using Stochastics for Technical Analysis was going to become such a mud slinging contest.

Fun thread ... :p
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Did you use stochastics to make that prediction, or just price action?:D
 
I've been looking a lot at the b-line stuff and multi-timeframe stochastics, so I've gotten some stuff to think about. I guess I've found the saphire in the mud (not sure it's a diamond in the rough yet).
 
Quote from Stealth Trader:

Does anyone else see the irony in the following quote given little jimmies "contributing" chest thumping here on this thread??? :confused:






http://www.elitetrader.com/vb/showthread.php?s=&threadid=121269&perpage=6&pagenumber=2



WTF????????

st
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Irony?

If you say so bro.

Being able to read price action is critical to honing your skills as a directional trader and becoming more and more profitable ... which I hope happens for everyone on this thread.

Adding an indicator or 3 are merely tools that help the mind focus-in on the map which is made by price, understand it better and trade more successfully ... I personally would rather use them rather than trading naked. :p

Cheers guys (and girls)
 
Quote from MandelbrotSet:

Irony?

If you say so bro.

Being able to read price action is critical to honing your skills as a directional trader and becoming more and more profitable ... which I hope happens for everyone on this thread.

Adding an indicator or 3 are merely tools that help the mind focus-in on the map which is made by price, understand it better and trade more successfully ... I personally would rather use them rather than trading naked. :p

Cheers guys (and girls)
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You are contradicting yourself…………again. :)

And I quote, "You are correct in saying that most indicators are not very usefull"

Per YOUR words, little jimmy, not mine. Do you beep when you speak? :) :)
http://www.elitetrader.com/vb/showthread.php?s=&threadid=121269&perpage=6&pagenumber=2

Nonetheless, you are coming across loud and clear in one respect; people use indicators in the manner you and your kind have presented them in because of their inability to read a naked price chart. Otherwise, you would have been able to answer my original question of what a canned indicator will show that price alone cannot.


st
 
Quote from Trader666:

Wrong again! I wasn't in the contest. But I did see you get called out on Usenet about being the biggest loser in it, and watched as you (unsuccessfully) tried to obfuscate your way out of it.

What's phenomenal is how YOU keep doing YOUR thing, playing your pied piper game, offering gold plated turds to those who don't know any better.
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Sorry I wasn't clear.

We know you were not in the contest or any contest.

I was pointing out to others (meaning not you) that once a person was in the contest, he was in the contest from start to finish.

Many people do not know any better than to read my posts. Of those who at one time or another were reading my posts, 8 out of 10, assess them and stop reading them. You fit into the minority for your reasons (choices you have made). One factor in why you read them is to keep new readers up to date on your progress in understanding what I am posting.

The new comment is the "gold plated turds" assessment and it helps out a class of people you are helping to understand why not reading my posts is a good idea.

What category best describes my trading approach? As a pied piper you have put me in the phenomenal category. As a contest participant you think you found out I am the worst.

What value are my two defaults on the Stochs? When it became conventional to shift the MACD defaults to the ones I pied pipered, what did you think of the way people followed my initiative? What kind of plating does the new default on the MACD have?

Don't refrain from speaking up, give it your best shot.
 
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