Normal
I have noted the comments of Buffetregarding the efficient Market HypothesisThat says random entry is as good as it gets..because all analysis is valueless...And any price is the best price..Buffet sees such a belief producing huge opportunitiesFor those that can discern real value...Ok .. I see something similar here...As regard technical signalsIf everyone believes the entry is unimportant or a consideration that can make little difference.. How much opportunity for those who can discern ?what is an entry ?To Me it is not moving averages, MACDs , RSI , higher highseven Elliot waves ?Do you think the Buffets and the Soros's etc etcSkilled operators of all sizes use such "entries" ..........If they do , They only use them to identify where they should be fading the crowd..But where ever their entry is ( or is not ) will show up on the tapeand will be where We see demand absorbing supply and overcoming itThere is appearanceand there is character..If you had to find a scientist from a group of strangersand you only could use aspects of appearanceShort hair / long hairwears glassesintrovertedwears a suituntidy appearanceYou would need to back test all those entry pointsand maybe decide that a random selection would be as good.Keep picking and discarding ( stop loss ) until you find one..However if you talk to that scientist observe Himand know what the characteristics of a Scientist are.How one behaves... You just wait to you find one and then you select one..The working of demand and supplyhas been back tested since the dawn of civilizationIt worksWhen those who know more than You start buying , With conviction..That is Your ( Well My ) entryregardless of what any technical signal might be sayingThey will at best follow alongat worst mislead youup and down are unimportantIs there accumulation or distributionThat is importantdemand overcoming supplyEven done under coverWill move prices UPExtensive accumulation will move prices up a lottrends will emerge and gather followingsThe earlier We ( I ) identify accumulation and distributionThe lower the risk the greater the rewardsThe random entry is better, is the EMH of trading..For the equivalent of the Buffets in the trading world it should produce marvelous opportunities..Money management is very importantIt is Part of the entryinitial position sizePyramidingExitsIf identifying accumulation is the basis of the entryIdentifying distribution is the basis of the exitdemand and supplyoperates on all time framesand developing the skills to judge characterIs what I think will make the difference..motorway
I have noted the comments of Buffet
regarding the efficient Market Hypothesis
That says random entry is as good as it gets..
because all analysis is valueless...
And any price is the best price..
Buffet sees such a belief producing huge opportunities
For those that can discern real value...
Ok .. I see something similar here...As regard technical signals
If everyone believes the entry is unimportant or a consideration that can make little difference.. How much opportunity for those who can discern ?
what is an entry ?
To Me it is not moving averages, MACDs , RSI , higher highs
even Elliot waves ?
Do you think the Buffets and the Soros's etc etc
Skilled operators of all sizes use such "entries" ..........If they do , They only use them to identify where they should be fading the crowd..
But where ever their entry is ( or is not ) will show up on the tape
and will be where We see demand absorbing supply and overcoming it
There is appearance
and there is character..
If you had to find a scientist from a group of strangers
and you only could use aspects of appearance
Short hair / long hair
wears glasses
introverted
wears a suit
untidy appearance
You would need to back test all those entry points
and maybe decide that a random selection would be as good.
Keep picking and discarding ( stop loss ) until you find one..
However if you talk to that scientist observe Him
and know what the characteristics of a Scientist are.
How one behaves... You just wait to you find one and then you select one..
The working of demand and supply
has been back tested since the dawn of civilization
It works
When those who know more than You start buying , With conviction..
That is Your ( Well My ) entry
regardless of what any technical signal might be saying
They will at best follow along
at worst mislead you
up and down are unimportant
Is there accumulation or distribution
That is important
demand overcoming supply
Even done under cover
Will move prices UP
Extensive accumulation will move prices up a lot
trends will emerge and gather followings
The earlier We ( I ) identify accumulation and distribution
The lower the risk the greater the rewards
The random entry is better, is the EMH of trading..
For the equivalent of the Buffets in the trading world it should produce marvelous opportunities..
Money management is very important
It is Part of the entry
initial position size
Pyramiding
Exits
If identifying accumulation is the basis of the entry
Identifying distribution is the basis of the exit
demand and supply
operates on all time frames
and developing the skills to judge character
Is what I think will make the difference..
motorway
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