New posts

Reply to thread

Message

Michael

In reply to.

Firstly nothing has changed,other than the spectrum of discussion.

(1) Systems trading all written before and now is exactly as it always has been,Systems trading is distinct from discretionary trading in that it is a set of rules applied over and over to return a positive expectancy,AND a trading blueprint which keeps you alerted to market conditions outside of those tested. Its inflexable without change and designed to be just that. Great way to trade and I do trade that way.--you too have reaped the benifits. Ive not altered my veiws.

(2) Discretionary trading is rules applied with flexability,beyond,in my and most cases the capacity to code and test. You can have and do have unlimited flexabiliy,to combine analysis techniques,change analysis on a dime (In our case 10c piece),add to positions,leverage instantly,remove that leverage instantly,pyramid positions instantly,take some profit instantly,let some run,take it all off,run with the dynamics of the market,terribly difficult if not impossible to code and test. Its a different form of trading.
Its NOT the analysis its HOW ITS APPLIED which will result in best return--or best expectancy. Sure you can walk forward test and I have and am doing so. My findings are profit beyond that of systems trading ---in my case from the application of the analysis I use.

All analysis wether set in specific Systems coding or used in Discretionary trading is subject to PROVE/DISPROVE.
Wether its Yogi and the likes combining Time, Price,or others who include Pattern and volume.EVERY form of analysis is governed by Prove disprove and application of the analysis.
If one of Yogi's time points is disproven simply move to the next.If one of Elliots wave counts is disproven move to the next,if an RSI over sold is disproven then move to the next. If a Fundamental valuation is disproved or altered due to X then move to the next---AND APPLY that analysis to the trade/s.

Nothings changed--and nothing will change,perhaps though the level of understanding from proponents of ALL forms of analysis.

<blockquote data-quote="tech/a" data-source="post: 137825" data-attributes="member: 257">MichaelIn reply to.Firstly nothing has changed,other than the spectrum of discussion.(1) Systems trading all written before and now is exactly as it always has been,Systems trading is distinct from discretionary trading in that it is a set of rules applied over and over to return a positive expectancy,AND a trading blueprint which keeps you alerted to market conditions outside of those tested. Its inflexable without change and designed to be just that. Great way to trade and I do trade that way.--you too have reaped the benifits. Ive not altered my veiws.(2) Discretionary trading is rules applied with flexability,beyond,in my and most cases the capacity to code and test. You can have and do have unlimited flexabiliy,to combine analysis techniques,change analysis on a dime (In our case 10c piece),add to positions,leverage instantly,remove that leverage instantly,pyramid positions instantly,take some profit instantly,let some run,take it all off,run with the dynamics of the market,terribly difficult if not impossible to code and test. Its a different form of trading.Its NOT the analysis its HOW ITS APPLIED which will result in best return--or best expectancy. Sure you can walk forward test and I have and am doing so. My findings are profit beyond that of systems trading ---in my case from the application of the analysis I use.All analysis wether set in specific Systems coding or used in Discretionary trading is subject to PROVE/DISPROVE.Wether its Yogi and the likes combining Time, Price,or others who include Pattern and volume.EVERY form of analysis is governed by Prove disprove and application of the analysis.If one of Yogi&#039;s time points is disproven simply move to the next.If one of Elliots wave counts is disproven move to the next,if an RSI over sold is disproven then move to the next. If a Fundamental valuation is disproved or altered due to X then move to the next---AND APPLY that analysis to the trade/s.Nothings changed--and nothing will change,perhaps though the level of understanding from proponents of ALL forms of analysis.</blockquote>

[QUOTE="tech/a, post: 137825, member: 257"] [B]Michael[/B] In reply to. Firstly nothing has changed,other than the spectrum of discussion. (1) [B]Systems [/B] trading all written before and now is exactly as it always has been,Systems trading is distinct from discretionary trading in that it is a set of rules applied over and over to return a positive expectancy,AND a trading blueprint which keeps you alerted to market conditions outside of those tested. Its inflexable without change and designed to be just that. Great way to trade and I do trade that way.--you too have reaped the benifits. Ive not altered my veiws. (2) [B]Discretionary[/B] trading is rules applied with flexability,beyond,in my and most cases the capacity to code and test. You can have and do have unlimited flexabiliy,to combine analysis techniques,change analysis on a dime (In our case 10c piece),add to positions,leverage instantly,remove that leverage instantly,pyramid positions instantly,take some profit instantly,let some run,take it all off,run with the dynamics of the market,terribly difficult if not impossible to code and test. Its a different form of trading. Its [B]NOT[/B] the analysis its [B]HOW ITS APPLIED [/B] which will result in best return--or best expectancy. Sure you can walk forward test and I have and am doing so. My findings are profit beyond that of systems trading ---in my case from the application of the analysis I use. All analysis wether set in specific Systems coding or used in Discretionary trading is subject to [B]PROVE/DISPROVE[/B]. Wether its Yogi and the likes combining Time, Price,or others who include Pattern and volume.[B]EVERY[/B] form of analysis is governed by Prove disprove and application of the analysis. If one of Yogi's time points is disproven simply move to the next.If one of Elliots wave counts is disproven move to the next,if an RSI over sold is disproven then move to the next. If a Fundamental valuation is disproved or altered due to X then move to the next---[B]AND APPLY [/B] that analysis to the trade/s. Nothings changed--and nothing will change,perhaps though the level of understanding from proponents of [B]ALL[/B] forms of analysis. [/QUOTE]

Verification