The hidden secrets of strategy developers

Quote from ssrrkk:

Okay, may be this is easy -- can someone please explain step by step if everyone started to follow price action rules, how those signals will lose their edge? For example, say there is a double top. Everyone sees it may be 5 minutes after it's formation. Then everyone goes short, but some earlier than others. As a consequence, the price goes down. Then people start taking profits. Then a higher high is formed, and reverses and a bear flag is presented. Every one sees that and starts shorting again. The price goes down until it hits say the prev day range and it bounces. People see that and exit. The price recovers a little, then goes down and hits the previous low and bounces again. etc etc. In this scenario the edge should not disappear but will be reinforced if more people follow it. This is a common contention of price action followers. Any counter arguments?
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1. The big players would know that and wait until enough volume goes short.

2. Then they buy the hell out of the market.

3. There is no top anymore.

4. Maybe a sharp big spike to kill all the small fuckers. Trading around this level for a few days more, to go finally down.

Smart money always finds it ways.....
 
Quote from Wide Tailz:

Thanks for the vote of confidence.

:D
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I have a gun pointing at your brain ,sucker tell me if I should pull the trigger or not ,blow your brains or not .

Would you know if it is loaded or not?But you seem to know you own future.
 
Quote from oilfxpro:

I have a gun pointing at your brain ,sucker tell me if I should pull the trigger or not ,blow your brains or not .

Would you know if it is loaded or not?But you seem to know you own future.
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What's your problem?
 
Quote from jcl:

I understand that money plays a role, but programmers - at least in the area that I know, game programming - probably make a lot more money than private day traders, and still work in teams and are not so bound to secrecy.

And at least the costly trial and error period that you mention would probably be eliminated if you had learned of working, profitable algorithms and test methods right from the start.
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There are at least 7 profitable systems posted on this board, all posted before 2003. Search for members dbphoneix, iloveoptions. Aniother was buying or selling if the stock was above or below open at a certain time of day. I lost the thread links when my web browsing pc crashed.
 
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