Trailing stop without pain ?

harrytrader · Jul 11, 2003

But work means effort and so pain and knowledge must be gained so it also means pain but pain doesn't have to last eternally that's what I mean ... but only if one capitalise on experience by transforming it into knowledge if not so experience is as useful as noise you will never recognise anything worth in it

. Capitalising on experience means you must think about it, extract, filter, synthetise, modelise, test, correct, experience again, and repeat the whole cycle of PDCA : Plan Do Check Action (see http://www.elitetrader.com/vb/showthread.php?s=&threadid=19607)

. If you have a theory it will work faster without theory (in large sense it doesn't need to be only science but knowledge from ancients for example) your brain will have difficulty to "see" and you will encounter tremendous difficulty to learn only from experience alone.

Quote from harrytrader:

Hmm ... Stakanovist philosophy

No work and or no knowledge no gain is rather my philosophy

harrytrader · Jul 11, 2003

For fun compare with these fib values (9249 is enlightened since we had done it this week):
<IMG SRC="http://harrytrader.membres.jexiste.org/fib.gif">
If it was psychology of crowd believing in fib there are so numerous possible values from different scales that it would be impossible that market could print such precise numbers as the 3 ones below that doesn't even coÃ¯ncide with fib sometimes. If it wasn't so precise one could think that it was due to psychology of crowd. But it is very precise and a crowd with its madness can't have this precision. More over there is no crowd on globex and it is even very illiquid and still globex print the numbers with the same precision.

Quote from harrytrader:

Today we have approached the important level of 9153 but we didn't touch it. BTW why did I draw a big line on that level ? Because each point on the blue line has a counterpart on the green line. The counterpart of 9153 is 9269 which is just above the high of the week. The blue line is the minimum level necessary to reach again the 9269 level.

The forecast for today reflected that: we had 9151 as the limit, we stopped just before at 9146 and consolidated down to 9074 before closing between the two:

<IMG SRC="http://harrytrader.membres.jexiste.org/dji_100703_for_110703.gif">

harrytrader · Jul 12, 2003

Illustration here:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=19887

Quote from harrytrader:

Yeah I know that elliottists would put the wave 3 on the next lower low (and subsequently wave 4 would be on a lower high so that the overlapping problem with wave 1 will also be erased) but if I do that I violate MY own rules hee hee ! So let's say for the moment it's another kind of waves until I solve the bridge between the two by creating perhaps some kind of dictionary or translation rules between the two. Remember that the purpose of elliott waves rules are to count the waves because their wave counting are subjective whereas my counting wave is objective. Nevertheless within my framework I don't really need to count waves and calculate fibo ratios since you can see the form of the curves : it's kind of circular strings so what you see is directly or litteraly cycle picture that one can translate into waves but the underground hidden "reality" if I can express thing like that is cycle. Perhaps I should call my stuff String Theory to distinguish from (Elliott) Wave Theory. There would then be even a funny analogy with the same evolution in physics when wave-quantum theory has been witching to the so called famous "Super String Theory" ( see http://superstringtheory.com/ ) - which tries to make the Grand Unification between Wave-Quantum and Einstein's gravitational law. Of course fondamentally there is no physical link between my string stuff and physics super string theory, it's just an analogy perhaps there are some kind of more profound link but I won't look for it hee hee !