The bottom

Discussion in 'Trading' started by tradingjournals, Nov 14, 2012.

  1. smaranam

    smaranam

    Handle123 was worth following.I had a set of conversation with this fine gentelman in the past,and he was for real.I`m sure,there are a handful of others down here,but a handful...
     
    #161     Nov 30, 2012
  2. Or when you try to talk to someone but whatever they say is so obscure and ambiguous that you can't learn anything from them.

    That's actually a sign of a scammer/charlatan.

    By making everything confusing, the "targets" will think the person they are talking to is really smart and they themselves are just not yet at a level to understand it, and feel the need to buy more courses/programs from them. In other words, some people mistake that as a sign of high level mastery when in fact it is the opposite.
     
    #162     Nov 30, 2012
  3. well let me tell it to ya as clear as I can make it. A lot of us are sitting on close to 100% profits. That's pretty good. The days of greed and glory are over. We are what you call "Cautiously Optimisitc".

    We are not looking for a bottom, but are worried about a top.

    So that is who you are trading against.

    You drive it up and we will be more than happy to hang on.
     
    #163     Nov 30, 2012
  4. I wasn't referring to you :)

    I know some people like to use trailling stops in the situation you describe, but of course then the qusetion becomes how much do you trail it by.
     
    #164     Nov 30, 2012
  5. actually no. My best system is nothing more than classical trading. Put it on with a fixed stop. But the drawdown can make you feel like you are losing your mind. Even though it is my best performer.

    I made one simple change, and that is changing the fixed stops to trailing stops. And it never ever made money again.

    I hear people talk about trailing stops, and I just listen.

    Maybe for you, but they have never worked for me.

    But wouldn't it be nice if they did?
     
    #165     Nov 30, 2012
  6. I often use a trailing stop to add to a big loser. Especially if it is my last installment. I want to know it can trade in my direction before I commit any more money to it.
     
    #166     Nov 30, 2012
  7. Paddler

    Paddler

    I believe I understand the above first paragraph. Would you expand on the second paragraph? On top of 10 cases in adjacent price bars, you have 8 cases for adjacent volume bars too? :eek: Usually you refer End Effect to trend. Do you have End Effect to volume bars?
     
    #167     Dec 1, 2012
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    #168     Dec 1, 2012
  9. wilddog

    wilddog

    Hi Jack the 8 cases for volume are r2r2b2r2b2b2r2b

    What are the 35 end effects?

    Thanks
     
    #169     Dec 1, 2012
  10. Paddler

    Paddler

    oooOK. Thank you for the reply.

    Let's see where we can continue. What is PP1?
     
    #170     Dec 1, 2012