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I talked him about that and he said he wrote them for someone
who requested them and part of the deal is that he could sell them. He told be he hasn't tested them?!?!
But as I said earlier. I think some of the concepts might be valueable, but noise or one bad trade can mess the whole system up.
I wish I could get a system I could run automatically.
I came up one that was steady but a weak performer.
yeah when I saw short the routines are in AIQ, that does seem high.
http://www.aiqsystems.com/HitandRunTrading.htm
Might be something useable.
Perhaps not.
http://www.insideedgesystems.com/conners_ats.htm
Sorry I was watching the markets while I was posting,
not good for my trading either.
Anyway it was the 1234 setup. And it is not on AIQ,
Jeff Coopers programs are.
good
I will
later tonight I can post code.
Look up AIQ if you want to see it sooner.
My only point was a good trading idea can come from a book.
I don't think so, but at around 2:00 there was alot of action.
The setup was classic, but the market shifted, for now, out of gold into stocks.
No I haven't.
Hope to soon.
I don't have too big of expectations though for making it work automatically. Random noise could really derail it.
basically hook after crossing a moving average.
Didn't last long this time.
I just used Conners 123 method on NEM and made $400.
Yeah I have never seen them in action.
The Conners, Raschke, Elder, concepts.
Have you seen if they worked or didn't work?
Strategy tester.
Seems to to have some nice features:
Doesn't require programming
Scan sectors
has some built in strategies that are the popular trading books
It seems like I remember you using AIQ.
Do you like that product?
looking at Yahoo news it says market continuing decline from yesterday, yet SPY is up premarket. Why is that?
Yahoo seems to be a contrary indicator.
I shorted today on the basis of many indicators -
exhaustion, stochastics etc, on the 30 min chart.
I was going hold over night, but I cashed out.
Rallies are unstoppable, if the cycle was at the bottom.
Then we could have had at least 2 more up days.
Now, I expect sideways for awhile.
Or maybe I got lucky.
30 min cycle has a sell
if one plays 30 min cycles
Not sure where I saw 2011 number.
Who knows, it will probably be when I'm playing shuffleboard
in Florida. I'm 47 now.
I am market neutral only so I don't get burned by traps.
However, I expect no real growth in the economy until 2011.
yep, you are probably right.
this market is full of traps.
I'm definitely staying market neutral for awhile.
lately we had what appears to be trending day turn into a sell-off.
looks like the powers are getting their short positions ready.
also I start betting against the trend after 6 in a row.
My stock trading system works differently there.
I bet everytime, but keep a position with the trend and stoploss with countertrend picks.
I will look into that.
that is true, the risk of ruin was set for 15 in a row the same to start out.
I saw a site where one can randomly flip 100 coins at a time.
I ran it for 5000 flips and the system genereated 50% profit
and no more than 11 appeared in a row.
The stats they kept went back to the mid 1990's and there
were never from what I could see more than 11 in a row.
correction:
do NOT try and be right all the time.
After backtesting many indicators I found most were only right half the time. So I went and studied gambling systems.
Then I ran a test on flipping a coin, and I made a winning system. The basic concept is from roulette, its called the Grand Martindale. It doubles the position after a loss.
(Always start small.) I use a smaller ratio, based on number of errors. I hedge at the same time, just in case.
Trending, IMO, will only work now on daytrading.
The trick with my system is putting away one's ego, do try and be right.
This is a long story and have had some long arguments with people on this, but I will try and make it short.
I think real trends are easy to see, the late 90's clearly
up and the last 3 years clearly down, so sideways can really cause problems for people who are used to playing a trend.
Hold, I have to make a trade.
My overall strategy is and always will be market neutral.
I have positions always going on both sides.
I stated on Friday, I plan for all outcomes.
I hedged, as I stated, to wait for a continuation of the down turn.
Fundamentally, I think the market is overbought, however
looking at neural net forecasts now, it looks we will get a near term downtrend, and then up to stay in the same range for awhile.
I think the game will be for awhile of up and down.
In other words, there will be no trend.
This will really hammer market direction forecasters.
If you read my post, many on SI, I state that the trick is
not in market forecasting, but position sizing.
I think the neural nets are helpful though, in thinking through possible game plans.
Many will continue to bash neural nets, and they will continue
to attempt pure market forecasting, and bash each other if things go wrong.
Interesting Merlin gives free 4 week prediction this time.
Down for next week and then back up.
yep, I always plan for the expected.
Bought my pairs trade today MWD for a hedge.
So I will wait for the down direction to return.
IMO unemployment figures are distorted and will still
continue to rise. Many will be retiring early, so those will be taken off the list. Jobs will continue to go overseas,
note Oracle news about India. Pensions are sky high, so employers will be forced to work with less people. Since
the year 2000 problems needed more programmers, unemployment
was probably at the lowest point it will ever be. Low paying jobs like phone sells, will drop with the new do-not-call list. Overtime
will be cut. However the military and hospitals will need lots of people.
What a joke: lagging indicator.
I will tell you when we get low unemloyment again:
If imagration goes down or stays the same, and baby boomers
retire. Also many will need to die so pensions will stop.
That makes about 15 years at the earliest. So that is truely
lagging.
Interesting forecast, why do you think we go up before we go down? Thanks.
So in summary, I would definitely not count on a rally tomorrow.
wow - the ta really looks bearish to me.
The 25/50 dmi I use is crossing down on DIA.
The last time was at end of March. Of course
in early April it reversed and we had a short covering rally.
I think that might happen one more time, but not before a dip.
It's true I am biased for a down day tomorrow.
However, I am only 25% invested over night.
Actually that is higher than usual for me.
My actual gains today would be hard to erase even if we
had a green day tomorrow.
After hours looking weak, so I still think we are heading down
tomorrow and into next week.
looking at neural nets, it looks like a dip will continue into next week and then another bounce towards the 24th of July.
Some days are harder than others to forecast.
However, imo GS will be going down some tomorrow.
not really.
I made money going down.
I covered on the 3 min RSI, knowing they will raise these
to build short positions towards the end of the day.
I reshorted at the end-of-day.
Down day tomorrow forecasted.
to: oeo2oo
I use Trading solutions, which I am still learning, so I hate
to reccomend it until I have become more consistant in using it.
I also looked at some nns freebies like Merlin (people realy snicker at that one since it is moon cycles.)
I am not really moon-cycle believer, but I do think that nn is also looking price action. So my thinking is that the moon is not controlling the market.
to Sam O.
I can't send a private email because I am not a paid member.
This last time I didn't get as much flack.
But times before here, and on SI, most just say it was just coincidence.
However, I am totally convinced after this last forecast.
I also got an email from Walter Bressert, a cycle following,
forecasting a major downtrend here.