staggered entries won't work for your system because it will result in you having your smallest position when you're winning and your largest position when you're losing....unless you use a stop.....but wait...you don't use stops :eek:
It gets worse. By his own admission his "PD's" don't indicate when or from what price level a move will even start.
Yeah, everything has to have hindsight built into it when talking about the market--- only 2 periods exist--- before the trade is entered, then after the trade is entered-- nothing else matters------ therefore, by default, you must speak in hindsight surf
I'm speaking about "when the trade is opened". You either have a plan to enter at that moment or a plan to stagger your entries....you cannot have both. If you have the same PD reading the next time, your answer implies that you WILL stagger and NOT go all in. Otherwise, this whole approach is purely subjective which I thought you loathed. p.s this is why i use an objective TA approach, the rules are well defined and there is no hindsighting
I agree with you up to the TA comment---- TA is hindsight by default because the data used to draw the pretty chart and lines is OLD. TA deals with stale hindsight data, whereas PD's predict. This is why TA is so ineffective and truly a ridiculous bogus method only practiced by the naive and those who want your commission money. surf
My method is absolutely not about predicting. It's taking data and finding consistent correlations, which are displayed by OHLC bars, and translating it into trades based on rules I created via the relationships I've discovered on MTF's. There is a saying with regards to the markets that an old poster used to throw around here: "Slaves predict, Kings react". Anyways, sorry to derail your thread with talks of my objective TA method. Just didn't understand your post and it's clear now that you understand the contradiction between hindsight analysis of all-in vrs staggered entries.
Your intel must have been poor, Oraclewizard77 is still posting and still a mod. He just posted in a CL thread. I guess you are now finished at ET? http://www.elitetrader.com/vb/showthread.php?s=&postid=3776839#post3776839