closely guarded??? It's probably one of the most picked apart methods on ET. If you want simpler stuff, go to the open orders thread. Interestingly enough, the open orders are related to stretch squeese. No one shoves anything down anyones throat. Some of these threads, all you can do is scratch your head. The gerry875 poster argues about this being so complex and baffling and continually links to the longest post he's ever written. I give him the benefit of the doubt of a non native language difference and only have a high school education as he has admitted. Yet over and over again he asks for the material to be presented his way. If we had comparable math (we already found out that we don't) I would dice it to him in more objective terms. As he has argued to me, his high school education enables him above my ivy degree and thus I have been rendedered incapable of properly communicating with him things which I understand in a calculus/matrix algebra framework. The point is that, as with anything, what we don't know will initially look complicated. The more distant it is from your knowledge base, the more complicated and absurd it looks. So if 90%+ of traders are looking at the ordinary, what are the other 10% looking at? Is it ordinary? Can it be ordinary? Perhaps. Need it be complicated? Perhaps, perhaps not. However, what is a fact is that each and every trader either chooses to unravel the complexity or have a go at the trial and error approach. Trial and error can drag on long after your account blows out. By unravelling, you work out the kinks and avoid repeating mistakes. For me, it is easy to spot the unravellers and since I do not like to reravel an unravelled puzzle, it seams to make sense to start with the unravelled solution as opposed to resolving the puzzle. In any event, to each his own...
They take decisions every minute. I do every week so the guy who makes decisions every hour is the same too. Or the guy who makes decisions every 30 min or every month? Thats what makes you the same?
They are exactly the same actually. Think of it like a CPU. A CPU from a decade ago might have 133MHz processor. Today, it may be 1.33GHz. The CPU does the same thing for each time interval. It just so happens that the 1.33GHz CPU does it more frequently then the 133MHz processor given a standard interval... 5M, 15M, 30M, Daily, Weekly
I don't understand what you are trying to imply. If you indeed have something of value to add, please make it clear. Thankx.
Nothing to add, just trying to figure out how you compare mking weekly macro decisions to mico paper trading and what your point is?
Conventional wisdom is just garbage in most areas of life. In health it's "listen to your Doctor", in Martial Arts it's all sorts of things, in the Christian Religion it is all sorts of things, in getting along with dogs it is about being dominant, in trading it's about stops, protecting yourself from stress after you follow the other conventional trading wisdom, working 12 hours outside of the regular market hours, etc. In all those areas I have found that there will be a person or two that missed the conventional wisdom or overcame it and are willing to share. In Martial arts I found a couple of guys that had a simplified way of approaching a fight, they could make a high school girl into a pretty well defended little quick takedown and stomp artist in a matter of months if she worked at it. In health I found a guy that is not an Md or even trained in any health art at all but he sifts through research done all over the world and gets his own answers and keeps me very healthy with his supplement recommendations, in Christianity I found a guy that has some prayer meetings that are exactly as prescribed in scripture, and great things happen, and the conventional wisdom people are attacking him, and me, without mercy of course. In dog training I found a book written by a photographer that knew nothing about dogs but was given a highly trained war dog to watch for a long time and he learned from the dog, on his own, and came to different ideas about dog training that are great to know. In trading it's Jack. BTW, Thanks Jack
With all the due respect, you are wasting your time trying to understand this topic or the message implied. If what you are doing now is making you money and you are happy, then stick to what you are doing and be happy.
Optionpro, come on. Don't belittle me, I'm just trying to catch your drift. Please explain what you meant, please.