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#1
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What is the actual criteria that separates uptrend from non-uptrend? [/ QUOTE ] It depends? What is your timeframe? As Sniper showed there are several different timeframes you can consider and each timeframe can have a different trend going. I tend to trade short term by daytrading and scalping so I look at shorter timeframes. I couldn't care less what the monthly or weekly is doing and I'm typically only minorly interested in what the daily is doing with much more concern about interday trends. If you want to test things (which it seems) I find moving averages as the best trend identifiers. Use a crossover or a longer term MA (ie 200 bars). If you are above it,it's an uptrend and below it a downtrend. Then do whatever testing you feel needs to be done. But this type of trading is more of an artform than a science. There is no magic formula. |
#2
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But this type of trading is more of an artform than a science. There is no magic formula. [/ QUOTE ] Just magic beans. |
#3
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But this type of trading is more of an artform than a science. [/ QUOTE ] This sounds a lot like "I don't really know what I'm doing and there's a good chance I'm running hot" to me. [ QUOTE ] There is no magic formula. [/ QUOTE ] There's no magic formula for playing limi hold'em either, but it's certainly more science than art. Basically, this sentence is useless and irrelevant unless you actually think someone here needed you to confirm that you were no actually trading based on magic. |
#4
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There's no magic formula for playing limi hold'em either, but it's certainly more science than art [/ QUOTE ] What about no limit? Certain areas of trading are certainly scientific and math based. Chart reading and technical analysis are not. They are all feel and experience and trying to create some sort of black box is an excersize in futility. I've stood in trading pits or have been staring into a trading screen for close to 20 years and if there was a mathematical solution the business I am in wouldn't exist. |
#5
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[ QUOTE ] There's no magic formula for playing limi hold'em either, but it's certainly more science than art [/ QUOTE ] What about no limit? Certain areas of trading are certainly scientific and math based. Chart reading and technical analysis are not. They are all feel and experience and trying to create some sort of black box is an excersize in futility. I've stood in trading pits or have been staring into a trading screen for close to 20 years and if there was a mathematical solution the business I am in wouldn't exist. [/ QUOTE ] I have news for you: What you describe as "feel" is not messages from Jesus, or use of The Force, or the result of rain dances or voodoo dolls or virgin sacrifices to the trading gods. They are the result of processing information that you have available to you. YOU are a "black box." All we're talking about here is what information you're using, and how you're using it, when you "follow a trend." If you can't describe it, I submit that you don't actually know what you're doing, and aren't saying anything meaningful when you advocate "following a trend." Either it means something or it doesn't. If it doesn't, let's please shut up about it. If it does, let's get on with the business of describing it. eastbay |
#6
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If you can't describe it, I submit that you don't actually know what you're doing, [/ QUOTE ] I did describe (how I use it) in my first reply in this thread. Maybe you should reread that? |
#7
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[ QUOTE ] If you can't describe it, I submit that you don't actually know what you're doing, [/ QUOTE ] I did describe (how I use it) in my first reply in this thread. Maybe you should reread that? [/ QUOTE ] I read it. "Other things" is not testable. Do you believe your trend following is valid without these "other things"? eastbay |
#8
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Do you believe your trend following is valid without these "other things"? [/ QUOTE ] For me? No! I use trends in conjunction with support/resistance and oscillators and other indicators to get a feel for the total picture. |
#9
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I've stood in trading pits or have been staring into a trading screen for close to 20 years and if there was a mathematical solution the business I am in wouldn't exist. [/ QUOTE ] Define "solution." Do you think there are precisely zero profitable trading ventures using automated algorithms? eastbay |
#10
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I've stood in trading pits or have been staring into a trading screen for close to 20 years and if there was a mathematical solution the business I am in wouldn't exist. [/ QUOTE ] HEY BASEBALL, LOOK UP JOHN HENRY, OWNER OF THE RED SOX, HE HAS USED MATH TO AMASS HIS FORTUNE IN OPTIONS CONTRACTS |
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