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[Book Discussion] Thomas R Demark - New Science of Technical Analysis - Chapter 1 30 replies
Why does 4 hour bar close 1 hour later than daily bar? 6 replies
average true range for 1 hour and 4 hour charts 2 replies
X-1102 1 hour , 4 hour and daily Tf trades 7 replies
Create a verticle line at certain hour for every certain hour 16 replies
DislikedSomething you could argue about forever as there is no real answer. On a different note I just got mailed Bryan Ferry is touring and in Frankfurt 26 May. Must be getting on.Ignored
Notes about women being less prone to market hype,
Takeaways:
In the next chapter, Coates takes a closer look at the dialogue between the brain and body.
DislikedGood day all, Today, I am sharing notes and thoughts from Chapter 1 "THE BIOLOGY OF A MARKET BUBBLE". Highlighted thoughts, "Hunger, thirst, pain, oxygen debt, sodium hunger and the sensations of heat and cold, for example, have accordingly been called “homeostatic emotions.” They are called emotions because they are signals from the body that convey more than mere information—they also carry a motivation to do something." "As testosterone levels rise, confidence and risk taking segue into overconfidence and reckless behavior." "The research I encountered...Ignored
Dislikedimo psychology is a huge issue when trading serious money. Some people have great psychology for it but most others not so. I personally found it hard and even though had great understanding and strategy my psyche would prevent me from taking trades, holding trades and aborting positions that had changed. Strategy helps and bad psyche can often mean need to fix strategy somewhat. So I do agree with that but psychology can also be whats preventing the strategy from playing out. You can overcome it imo. But you need to work on it like anything else.......Ignored
Thoughts:
Next chapter is from the second part "Gut Thinking" and is titled "The Speed of Thought". It takes an example from a trading desk.
DislikedSomething you could argue about forever as there is no real answer. On a different note I just got mailed Bryan Ferry is touring and in Frankfurt 26 May. Must be getting on.Ignored
1. Do you agree or disagree with his position?
2. Do you find it easier for you to make rational decisions in trading compared to others, men in particular?
3. Any advice you would give to those struggling with the "frenzy"?
Thanks in advance!
Thoughts to ponder:
The next chapter is all about Gut Feelings.
Later!
Noteworthy:
With the next chapter, we are starting the third part of the book "Seasons of the Market".
Later!
Food for thought:
DislikedMorning! Highlights and thoughts from chapter five "THE THRILL OF THE SEARCH". "Information warns us of danger, prepares us for action, helps us survive. And it enables us to perform that most magical of all tricks—predicting the future." "According to Shannon, the amount of information contained in a signal is proportional to the amount of novelty—or, put another way, the amount of uncertainty—in it. That may seem counterintuitive. Uncertainty seems the antithesis of information. But what Shannon meant was this: real information should tell us...Ignored
Comments,
Later!