It would appear to some we are starting at the very beginning--almost pretending TA doesn't exist, that significant work hasn't already been done by great minds.
Yeah, that's what we are doing. It doesn't mean we as a collective group aren't highly experienced and knowledgeable. We know a ton.
I'm purposely starting slow, stripping things down, challenging what we do know--so we can build a better method.
I have seen too many flaws in all the most popular methods. Statistically most do not hold up. I'm convinced that Hurst was on to something important--that he found reliable tides in the market. As far as I know, however, he did not understand the causes of cycles. This in my view leads to a significant weakness in the method--especially if you try to apply it too dogmatically. I believe I know the causes of the cycles and hinted at in the post concerning price behavior relative to the 20-day and 50-day ma's. Someday I will lay out a thorough discussion of the specific causes of cycles. When you know the causes, you are in a much better position to apply the knowledge effectively.
Within a week to 10 days, everything we're doing is going to come together, and the outline of a new TA will emerge.
Then we will see unlimited continuous improvement because we will have a working model. From there, we will see an explosion of creativity because real money will be made, and individuals will start seeing potentials beyond what we can currently imagine.
This is an open-source project, built in the same spirit as the UNIX software language. One of their motto's was, Do it once, do it right, forever. I will aim for that when I start integrating the insights, observations, and knowable tools and descriptors.
I well know the tendency to keep trading information secret. I decided to go public when I realized we have entered a new era. Everything practical and real about price is already known or will soon be known as minds all over the planet pursue the prize running automated systems.
I then realized I am stronger as a member of a team than operating alone in the laboratory of price. I encourage you to join the effort openly and with your best intelligence. You absolutely can't lose. Soon we will attract some great minds who will be able to tell us a little about the consequences of this new era in finance and trading.
Right now, I need you on this team. Thanks for being here.
Ted
Strip price to the barest data that tells us BUY, HOLD, or SELL.
