My education cost I would say about 25k over 11 years. Worth every penny of effort and time.
Technical Analysis = CRAP
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My education cost I would say about 25k over 11 years. Worth every penny of effort and time.
I personally don't use time frames I used volume bars.
I then gauge what chart to use based on "price/trading indicator oscillations per day".
More than 7 oscillations per day constitutes an intraday chart. You can get too many oscillations where there is too much noise to trade. A perfect chart for me is around those 7 oscillations.
Less than 7 oscillations per day constitutes a swing or longer term chart.
I use 2 separate speeds of the same indicator on each chart. The slower one to gauge the strength of the chart I'm trading and the faster on is to trigger trade entries, reversals and exits. I use the indicator as a confirming indicator and a trigger.
I define "Trend" for each individual chart increment or resolution uniquely and give it the weight immediately over 'strength". I don't trade "Trend", I trade the oscillations inside of my determined chart trend.
For those of you just joining us. Here is a background on the conversation.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=33456&perpage=6&pagenumber=1
You can see the prof. Doesn't take well to challenges.
By the way who was the head quant from Deutsche Bank who now trades with price physics? Name him or it will be clear it was made up.
Surf
Academia has vindicated your research in spades, also? Just show one "academic vindication"
Quote from proflogic
I perfectly agree. Traders spend millions each year on books written and seminars given by traders who either can't trade or barely trade and are only putting their own spin on old techniques. No one sees that as bad . . . but that is asinine. I attended a Larry Williams preview tonight and let me tell you it was pathetic. If there ever was a "caning offense", that was it. I never heard so many lies come out of one man's mouth, other than a politician, in years.
I need to prove nothing to no one. Academia has vindicated my research in spades. I did what I did with my site to help traders and got slammed for it. People just couldn't understand the importance of 10 years of untainted focused research. So be it. Site Closed and the hecklers and flamers can pound sand!
I wish I had the luxury back then, but I had to be ultra conservative. It was very tough....sitting and formulating and wanting to trade more but not being able to risk it at that time.
Feels good to have come a long way since those days
Feels good to have come a long way since those days
Quote from ProfLogic:
I was a loose canon in the beginning until I settled down. I just choke it up to "educational expense".
Quote from marketsurfer:
For those of you just joining us. Here is a background on the conversation.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=33456&perpage=6&pagenumber=1
You can see the prof. Doesn't take well to challenges.
By the way who was the head quant from Deutsche Bank who now trades with price physics? Name him or it will be clear it was made up.
Surf
Sorry surf but posting a lie doesn't make it so.
Here is the link to the exact post. As you all can see another in a long set of blatant lies again on surf's part.
http://www.elitetrader.com/vb/showthread.php?s=&postid=511298&highlight=Deutsche+Bank#post511298
I never said he traded my stuff I said he got tired of trying to prove me wrong because HE COULDN'T. He had the balls you lack of at least trying.
Would you like me to post the numerous challenges I put to you to trade in public that you turned tail and ran? You made ignorant statements that I was some sort of magician that could call trades live and do it magically as to dupe the viewers.
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