Must be the Trend flipping over.
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Trend Finding is Edge Finding and Edge Finding is Trend Finding
nononsense's axiom
trend following - quo vadis?
- Thread starter man
- Start date
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Trend Finding is Edge Finding and Edge Finding is Trend Finding
nononsense's axiom
YES! Everyday. Most of the day is just a glance over and monitoring since the majority of my decision points are just hold. I've got several monitors in my cubicle... Your question is silly and indicative of the belief that he must be FOS. If you are aware about Credit Derivs, it is an extremely slow place. More than 7 trades in our company is alot. I am a coder and since the market appears slow motion to me, I occupy much of my day with coding and ordinary work since most of the day I don't have to take any action. If weeks are crazy, I switch to slower periodicity charts which is a far less frequent monitoring effort. Having several monitors and several machines helps to just glance and observe, like baby sitting. I suppose that if you can't multitask, this type of thing can be difficult.
makosgu, thanks for the posts.
Here is another price action thread that was posted on ET some time ago. Someone has created a state machine of Jesse Livermore's approach to trading. The supporting Tradestation code is a good example of how to implement a hh-hl price action strategy or indicator.
https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=31001
Good trading!
Here is another price action thread that was posted on ET some time ago. Someone has created a state machine of Jesse Livermore's approach to trading. The supporting Tradestation code is a good example of how to implement a hh-hl price action strategy or indicator.
https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=31001
Good trading!
Thanks slacker. Interesting handle you've got...
It amazes me to find people who point fingers in assisting direction. I thank you for this with sincerity. The web is a monsterous place and there are only so many hours in the day. It will be interesting to compare what he has done with what I have done. What prof does is a few levels more powerful since he distinguishes minor from major, something that I am finding an order of magnitude more difficult to recognize without being discretionary. It's peculiar that I can pick off a minor within a tick being objective but can't pick of the major being objective whilst the reverse is true for discretionary. Thanks for the link. I will thoroughly read thru it.
Kindest Regards,
G33M4K Type A (non-BEginner)
PS.
ptunic - I haven't forgotten
Hi, makosgu,
looking at your chart, isn't that a similar approach like the 1-2-3 HIGHS and LOWS , ROSS HOOKS, Trader's Trick entry (TTE) etc. as described unter "Law of charts"? (http://www.tradingeducators.com/trading_philosophy/the_law_of_charts.htm)
Regards
looking at your chart, isn't that a similar approach like the 1-2-3 HIGHS and LOWS , ROSS HOOKS, Trader's Trick entry (TTE) etc. as described unter "Law of charts"? (http://www.tradingeducators.com/trading_philosophy/the_law_of_charts.htm)
Regards
I agree. The major purpose of the True Strength Indicator seems to be to help accurately identify the major and minor pivots.
I would say that Livermore's "Natural Reaction and Natural Rally" are similar to minor pivots, and "Up trend & Down trend" in Livermore approach are similar to major pivots in the Prof's approach.
makosgu, if you are interested in 'price action' approaches I also suggest a look at the '123System' by Crips which can be found at http://www.trading-naked.com/library/123system.pdf
Prof, please feel free to correct any statements made that are wrong or incomplete, you have looked at this for years longer than I have....Perhaps the Prof can compare and contrast the differences in price action approaches?
Seems that at least a few have figured it out already. So it looks like there is no need for the full disclosure requirement of the patent office.
And did Prof also not have some rule about joining his room by invitation only so he could keep out the commercial guys?
Hmmm... another miscalculation.
Remember LTCM? They had also one miscalculation but were so full of themselves that they never saw their achilles heel.
I vividly remember someone having the same argument (on this board) about the fact that his system would never stop working. And a year later he is no longer trading his system. Hmmmm....
Don't bother to argue your viewpoint, I am leaving now, I got all wanted out of this thread and will leave with something that I remember of what Livermore's said about the French guy in chapter 5 of the book: "my unscientific method is cheaper"
Sorry man for the disruption, could not help it.
Have a nice day
Sherlock
And did Prof also not have some rule about joining his room by invitation only so he could keep out the commercial guys?
Hmmm... another miscalculation.
Remember LTCM? They had also one miscalculation but were so full of themselves that they never saw their achilles heel.
I vividly remember someone having the same argument (on this board) about the fact that his system would never stop working. And a year later he is no longer trading his system. Hmmmm....
Don't bother to argue your viewpoint, I am leaving now, I got all wanted out of this thread and will leave with something that I remember of what Livermore's said about the French guy in chapter 5 of the book: "my unscientific method is cheaper"
Sorry man for the disruption, could not help it.
Have a nice day
Sherlock
Dave: Pride goeth before a fall .
Victor: Exactly . Related to this is our baseball indicator .
Laurel : This one goes back to what we were saying about expansiveness and excess in popular culture . We found that when home run hitting records are being broken right and left, a down market tends to follow . Think Babe Ruth in the 1920s . When the rules of the game change to favor pitchers over hitters, and teams start focusing more on defense -- hitting singles and stealing bases -- that seems to portend an up market .
Personally, I like the mini-skirt length indicator the best.
Victor: Exactly . Related to this is our baseball indicator .
Laurel : This one goes back to what we were saying about expansiveness and excess in popular culture . We found that when home run hitting records are being broken right and left, a down market tends to follow . Think Babe Ruth in the 1920s . When the rules of the game change to favor pitchers over hitters, and teams start focusing more on defense -- hitting singles and stealing bases -- that seems to portend an up market .
Personally, I like the mini-skirt length indicator the best.