umm.......I am no match to Tiger on a round of golf. But if the match was to put the last 1 yard, I might put up a good challenge even over 72 holes. That's where I like the line to be.
- #44
- Apr 4, 2015 5:45am Apr 4, 2015 5:45am
- Joined Sep 2012 | Status: AlgoTrader | 3,610 Posts
No guts, no glory
{quote} ROFLMAOYour post reminds of Newton. You see, back in the days everybody know that things fall on the ground. Even a children knew that if you throw something or drop something, it falls on the ground. And then the Genius Newton makes a claim, "The apple falling from a tree... things fall to the ground." Everybody was like, "WTF!?" {quote} ROFLMAO
- #47
- Apr 4, 2015 9:51am Apr 4, 2015 9:51am
- Joined Sep 2012 | Status: AlgoTrader | 3,610 Posts
No guts, no glory
- #48
- Apr 4, 2015 10:10am Apr 4, 2015 10:10am
{quote} My questions/comments were directed to the OP, I you are "the Professional" who is supposed to "Point Out the Edge", well, you didn't. I am not in search of "turn-key" trading systems, actually I share few of those clearly, openly and free, no hidden secrets. What ever I want to keep to myself I simply don't share it. As simple as that. Now , what Value did the thread provide? NOTHING.
Just because you can't see any value it does not mean someone else cannot gain anything from it. It is a discussion not a system thread. I contributed enough to start the discussion and get people thinking about things in a different way. I am not obliged to share everything I know. If you want to share everything you know that is your choice. I value the knowledge I have gained and worked hard for.
Forums are ways of sharing ideas and getting each other thinking. I would not call myself a Professional as I have had inconsistent success until now. I am just someone that likes to put my mind to work in figuring out the best way to profit from this market. I don't take a lot of things at face value but am prepared to explore even the most mundane of statements to find the truth.
An expert is a man who has made all the mistakes which can be made
{quote} I am an Amateur, So is there any Professional out there who can point out the Edge ? If not what is the purpose of the thread anyway ? Its either Share or Not Share. It amazes me how people through half ideas here and there and are scared of "revealing their Secret" if any, as if their Edge will break the market !
The first is a study about trading in the direction of a continues yearly candle.
Part 1
Part 2
Here is another study that follows the same basic ideas of buying stocks that have improved over a sixth-twelve month period or "candle" and how retail investors can exploit this momentum(this one is less relatable but it still uses the same idea of following momentum for a given time period based solely on price distribution, no fundamentals, trendlines or magic 8 balls.).
Disclaimer: I did not conduct nor am I affiliated with the people who did conduct these studies in any way.
Now to say the thread provided nothing is quite foolish in my opinion. You could have gone out and researched the momentum affect based on the ideas of the thread... but most people are too freaking lazy to even make their own trading decisions so it makes sense that no one will do any independent research on these ideas. so here is some more spoon fed baby food for you guys...
- #52
- Apr 4, 2015 10:32am Apr 4, 2015 10:32am
An expert is a man who has made all the mistakes which can be made
- #56
- Apr 4, 2015 10:46am Apr 4, 2015 10:46am
- Joined Sep 2012 | Status: AlgoTrader | 3,610 Posts
{quote} I am not the OP but I can help. Here are 2 studies about the "momentum effect" which is trading in the prevailing direction for a given time period...
Your reply is irrelevant.
{quote} Then simply move on.... nothing to see here...
Regards
No guts, no glory
- #57
- Edited 11:00am Apr 4, 2015 10:46am | Edited 11:00am
{quote} Apologies, I should not said you are looking for a 'turn-key' trading system. What I am meaning is, that nobody who understands WHEN and WHERE they should be trading is going to openly point out that information on the internet. I.e. if someone has an edge about WHEN and WHERE to trade, why would they point that information out explicitly on the internet so that they could have people competing with them for liquidity at those locations? So, to get away from the idea of 'turn-key' systems... nobody is going to post exactly WHERE the edge...
An expert is a man who has made all the mistakes which can be made
- #58
- Apr 4, 2015 10:49am Apr 4, 2015 10:49am
{quote} My questions were specific related to the statement "95% of the time price will close above or below the open." Amateurs will never see the edge in this quote, unless a professional point it out where the edge lies within this quote." Your reply is irrelevant. {quote} I will, and sorry if I disturbed your thread. Regards
An expert is a man who has made all the mistakes which can be made
{quote} My questions were specific related to the statement "95% of the time price will close above or below the open." Amateurs will never see the edge in this quote, unless a professional point it out where the edge lies within this quote." Your reply is irrelevant.
{quote} I am an Amateur, So is there any Professional out there who can point out the Edge ? If not what is the purpose of the thread anyway ?
I provided two studies with hard data to "point out the Edge". The edge is if the candle is above the open it will likely close above the open. If it is below the open, it will likely close below the open. And as the studies show if you follow this idea, it works... Again we can not spoon feed you everything...
Do you know what irrelevant means?
Do you know how to critically think?
Did you forget what you asked that quickly?
sis.
Also no one wants your condescending apology. Your post was solely made to disturb the thread...
{quote} This was your question {quote} You asked for some one to point out the edge. I provided two studies with hard data to "point out the Edge". The edge is if the candle is above the open it will likely close above the open. If it is below the open, it will likely close below the open. And as the studies show if you follow this idea, it works... Again we can not spoon feed you everything... Do you know what irrelevant means? Do you know how to critically think? Did you forget what you asked that quickly?
Thanks Sis but a candle is formed within it's life time and initially it can start forming the candle at one side of the open price but anytime within it's lifetime, it can go to opposite side and form the candle there leaving the former as wick and later as candle in which case it is a loser. Please correct me if i'm wrong.