When Do You Use What???

Discussion in 'Technical Analysis' started by dac8555, Dec 12, 2005.

  1. Here is the answer: move to a probabilistic framework, vice deterministic framework for your trading. Come up with a simple way to measure the efficacy of entries alone (without regard to exits). Measure what each technique does (or does not do) for your entries, compared to a distribution of random entries on the same instrument. As you make live test trades, continue to plot your actual entries and make sure they fall where they are supposed to in the distribution.
     
    #11     Dec 18, 2005



  2. Do not try to determine anything.
    Just watch......watch.....watch........
    Relax..and just watch.... take it in......let the mkts enter you....


    When i finally stopped trying to figure out what the mkts are doing and what they were gonna do next.....and just observed.... like a hawk observes a mouse from a distance.... a whole lot of
    insight seemed to magicly appear.
     
    #12     Dec 18, 2005