i base my conclusions about you on my perception of the way you trade/view the markets. so far, i am impressed. surf
In this ever progressing age of technology, any definition tagged onto a technologically based system that is over 5 years old is a dinosaur. Of course I imagine you just upgraded to Windows 2000, a PIII processor and 512 meg a memory and feel you are on top of the world.
I agree with you, Steve. Here is the Euro FX for today. Computer generated oscillation labels on the indicator (Trend Oscillations) and price labels corresponding to red line oscillations on price (Trading Oscillations). The others I fill in. Primary Bull Trend shows the common sense of Trading Support LH's being excellant buying opportunites to challenge last corresponding Resistance tops. You can see all the trades and exits listed. No edge here . . . lol
funny! you should stop by the office next time you are in NYC, your head will spin. LOL ! do you truly believe that TA is a "technologically based system", surely you are baiting me. making statements like this is discounting the genius of galton, pascal, fermat, bayes, and even markowitz---- are they dinosaurs compared to you and your system? surf surf
let's give the system a prelimary look/see... professor, would you go long here, based on the system? and if so, at what price? surf
The jab regarding the computer system was in jest. I can only imagine when it comes to your computer systems and servers, you have the best your clients money can buy . I'm not discounting the intelligence of any of the individuals you mentioned but I am saying that IF those individuals had modern day computer access their research would have been light years ahead of where it was. Even recent theories by modern researchers have relied on old equations instead of trying to break new ground. Even Einstein, as brilliant as he was, could have accomplished so much more with modern computer access. As far as my personal theories go, only time will tell their significance, if any. I no longer care to persuade anyone that anything I do in the trading environment is useful. Speculators, for the most part, don't listen anyway. Now if you think that there will never again be anyone that comes along that could come up with or develop something as critical as, lets say Pascal, then you are even more narrow minded than I thought you were.
Is that your desk from childhood? So you're implying you have a big swingin' office in Manhattan? Office, but no office contact; phone, address, receptionist, etc.
yeah, that desk was weak. what can i say?? that's the old home set up, bozo. i am at our NYC office just 2/3 days a week-- here is the new, improved home set up, how about posting a picture of yours?? i bet you trade on an armored laptop and PDA... LOL ! http://www.elitetrader.com/vb/attachment.php?s=&postid=1062945 surf
Everything is already marked from today. Go long where? Are you talking about current (1.2889 Euro FX 09:01 pm EDT) price? If that is what you are asking then the answer would be no. We had out long opportunities today and even an aggressive short. Now we wait for either an oscillation either to confirm this bottom being created, as long as it doesn't take out 1.2803, so we can safely go long OR we wait for as oscillation of resistance to be created to confirm a short term top so we can safely go short. I've attached a chart to show you the last 3 and a half days to give you an idea of what I look at for price direction. It's probably too simple for you to figure out though.