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- Ritchie Mann replied Apr 1, 2009
Well, start with 89EMA. It is a Fibonacci number but the formula is EMA which is not a moving average.
- Ritchie Mann replied Mar 31, 2009
Yes, I'm trying to find an edge. I'm trying to understand the basics of this system. I put some questions which are rather simple. What are the reasons behind the EMAs? When to enter? If there are so many succesful traders, why are they hiding? I ...
- Ritchie Mann replied Mar 31, 2009
I didn't generate the numbers one after the other using rand() from C. I used a camera which took 25 images a second, I added the pixels and then obtained a small value which is a difference in pips between 2 consecutive prices. Every H4 candle is ...
- Ritchie Mann replied Mar 31, 2009
I didn't say that the price is random. I said that the moving averages on a random chart behave the same as on a real chart, therefore they are useless.
- Ritchie Mann replied Mar 31, 2009
The price is not random but the moving averages behave the same on random prices which means that they don't predict anything. I can't understand how the close of a H4 candle 3 days ago has some meaning for your next trade. A H4 candle can have 4 ...
- Ritchie Mann replied Mar 31, 2009
I'm very sorry to disappoint you but the charts you have seen are RANDOM GENERATED CHARTS. There is no price action there, no retracement due to "noise", just pure random values. This is the fallacy of rythm and price action based on moving ...
- Ritchie Mann replied Mar 31, 2009
Please take a look at this post of mine. url Do you see the same price action which you are used to or not?
- Ritchie Mann replied Mar 31, 2009
I'm glad that somebody also noticed this. The R:R is based on the asumption that the trader KNOWS where the price will go, which is a fallacy. By putting some emas on a chart based on your favorite numbers doesn't mean that the price will go there. ...
- Ritchie Mann replied Dec 17, 2008
mr. krai, I'm quoting from your document: "When the price goes through the 89SMA it tends to pullback to the 21EMA, if the 21EMA is above the 89SMA. If not it tends to pullback to the 89SMA or to the 8EMA" Why do you think that choosing some numbers ...
- Ritchie Mann replied Nov 18, 2008
And a bigger picture.
- Ritchie Mann replied Nov 18, 2008
I managed to find some data from 1994 and 1995 for GBPUSD. I just want to say that it is possible to find the same kind of rythm back then and the same type of emotion, fear and greed. It is also nice how EMA89 became first support and then the ...
- Ritchie Mann replied Oct 29, 2008
Phillip, you're right. But at the beginning of august nobody knew what kind of movements will follow. And those unusual movements of august are small compared with the movements of october. Of course the MACD will always give signals. There's no ...
- Ritchie Mann replied Oct 29, 2008
For me a system is a set of rules regarding the entries and the exits. The system presented in this topic is doomed to fail because you cannot find any more entries based on the rules. Now, the rythms and the feelings are not rules. They are good ...
- Ritchie Mann replied Oct 27, 2008
It is my humble opinion that all the systems based on fixed numbers (like this one) sooner or later are doomed to fail. The market is not anymore what has been 2 years ago and will never be again. The easiest way to make money in this moment is to ...
- Ritchie Mann replied May 10, 2008
url . They are reliable and have many years in this business.
- Ritchie Mann replied Feb 26, 2008
NorthFinance offers also stocks and indexes.
- Posts by Member Search: 'Ritchie Mann'