jack hershey
Registered: Feb 2003
Posts: 7475 |
10-01-12 08:07 PM
Quote from Nutinsider:
If this statement is a joke, it's actually pretty clever and I didn't get it my first read thru.
If this statement is not a joke, I am confused. I don't see how you can pay attention to an engulfing reversal without paying attention to candle patterns....unless you are saying "the only relevant candle is the engulfing reversal"
One of the most important things to learn in learning to do trading is suppression.
Of the main principles, this is the last and least learned.
In making money to extract the full offer of the market, some of the hold period is determined by NOT using data that does not apply at a given moment.
Over 50% of any day on any trading fractal, data is flowing to you that does not advance the Orders Of Events on a trend.
All automated systems that take the full offer of the market, have appropriate suppression circuitry.
I am providing this comment to you because you stated two things, both of which show your helper that you do not get what he said. And there is the fact that you are considering what you are instead.
to rise through all the skill and knowledge requirements to become expert, you need to know how markets work.
Part of that includes working through what the market's full offer segments reduce to.
By clearing away the 50% of the information you are seeing, then you get to begin to focus on what moves a trend from its beginning to its end.
This may be your day.
If you could consider suppression, then you may be able to consider that time is not a variable in trends.
vertical lines adjacent to each other tell the whole story of making money.
after you have drawn all the possibilites, you see only two show trending.
My first month of trading allowed me to do this result. I got rid of all those pairs that did not trend and only used the ones that did trend for my decision making.
the whole nine yards of trading to make money involves using what is left (the other 50%) to be able to see the pattern of the leading variable of price.
by looking at this variable in terms of adjacent bars, you find out what was made public at about the same time the DOW Theory was first presented.
So TA works perfectly without any noise, flaws or anomalies.
most people erect personal barriers so none of this becomes avaiable to them.
sit with one piece of paper, an eraser, and a pencil and begin.
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