Yeah... "everyone" told me that my system wouldn't work, and I've read that moving averages are lagging. But again, from where I stand, that all depends. I'm perfectly fine with others having a difference of opinion, though. However, I look at something like this and I ask: Where's the lag? I love the results I'm getting. But given that I'm not willing to reveal the details, I'm certainly not going to tell anyone else that they're wrong.
Why wait for a pullback?
- Thread starter Blitzjoker
- Start date
No need to reveal------the moving averages and settings that you are using are obvious.
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LOL.
Sorry he is not[to the visible eye] using a 200dma\ plenty of lag.
No brag/ no flag/ no tag/ but enough zag
MT, you see that fitty to 200 trade up there?%%
LOL.
Sorry he is not[to the visible eye] using a 200dma\ plenty of lag.
No brag/ no flag/ no tag/ but enough zag
Briefly, how do you go about using our old buddy the 200 to make a buck or two?
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Briefly/ buy more longs above 200dma;
or when one sees MSFT racin' to 200dma, may want to get out, briefly/ YTD laggert.
Not calling MSFT a laggeret just YTD.
Briefly up/sloping 200dma = a good sign;
but since SH+ related inverse cant see to stay much above 200dma, be brief like today.
I dont care about the lag/ but do pay attention to 200dma tag.
Good point\ i did not see the 200dma =its unmarked on your chart
Glad to hear it is working. "Everyone" in retail trading is wrong most of the time, which is why most of us lose. That's why testing your own ideas seems very important to me.
I think simple systems are the most likely to work in the long run. From experience, most systems that show brilliant results in a backtest are likely to depend on curve fitting a fairly complicated model, and are unlikely to show much, if any, gains going forward. I am looking for a persistent small edge that works on a few independent instruments. That would seem to indicate a more robust edge that might be exploited over time.
What timeframe charts do you like to trade?
Stock prices are geometric random walks with drift in between informational events. It means there can be some mean reverting qualities to prices between new information. Theoretically if prices were efficient your chart would look like a step function. Because the market is not perfectly efficient, there’s randomness.
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Its not really random;
its we did not know the big fund sold the single stock because of an impolite woman that answered the phone.
Now we know, but stuff like that happens all the time, so it appears random.
I thought my best friend liked random shopping; again not random/her goal was to spend time shoppin' thus a random apperance but not random.
She simply like to zig=zag to spend time. Not random.
But a random walk would sure be a good excuse to to sell books for some.
By definition a bull or bear market is not random .Thanks