I am certain it will be. You did not account for inside days. There will be outside days as well.
Regardless of the previous Day's Price Pattern, if a stock opens in the upper 50% of the previous day's range, what's the probability of the...
I have found an lot of value in determining market direction when looking at the Open in Relation to the Previous Day's Range. I previously asked...
Just a little follow-up note as to different tendencies in different types of markets: This method for reducing risk is applied only to...
I get the exact same results as well implementing profit targets. I have attempted numerous types of combinations of profit target / stop-loss...
A few other simple ideas: Base the Profit and Stop on the volatility of the instrument. My research shows that this is the Single Most...
Before the book even begins, the introduction discusses the issues that impair the discretionary trader. This discussion involves a belief...
Persistence
Very interesting that the most profitable were the simplest...but not surprising. However, I find it shocking that a human trader's Sharpe ratio...
Totally agree! It has never been a good idea to trade paying retail commissions. I have been asked many times if my platform is capable of...
I personally do not think so. I started out using a spreadsheet that got real-time quotes and changed colors to alert me as to when to get in and...
The sad part is - I found out later that he attempted to do what I was doing, but was unsuccessful. The problem was, he had NO CLUE as to what I...
I personally don't think of trading as predicting anything. I developed my own methodology based on math / probabilities / statistics and the...
That's why a systematic approach should be more desirable. However, the ego is a very powerful thing and this is probably a bigger reason why...
I don't know if it's possible to transform a discretionary trader into becoming or believing in a systematic trading approach. Unfortunately,...
I don't have a clue, have you voted already?
This indicates that the SPY (and other market-based ETFs) will need to move a greater distance in one direction before it would be safe to take a...
In regards to the above statement - Last year while I was testing the platform and creating new strategies. The manager at the firm spoke...
I will share some of my research starting next week. I will add that one major issue is that different markets have different tendencies....
I certainly agree that the CLOSE is valid. I was just testing to determine if it's location could give me an indication of what side of the...
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