Short Term Trading Member Forum

[JLS]

DD,

what's end-of-days studies? You're not meaning 2012, I hope. So I'll guess you are referring to studies given at the end of each day's leasons.

Everything on the charts is on daily intervals, if that’s your question.

I don't follow Hurst much. It's one thing to deal with the inevitable delay introduced by moving averages in the first place, but compounding that delay by moving them back in time to help predict the future seems -- for lack of a better term -- backwards. It seems to me that if I wanted to predict the future, which I really don’t because it’s too allied with hope, then I would want to be closer to the future, not farther away from it.

Instead, I try to deal with the delays introduced by moving averages by working with groups of moving averages in different time frames ranging from very quick to long, such as in GMMA; and in that way the delays are spread out. Beyond that, I’m interested in studying the derivatives of multiple moving averages (rate of convergence of the different averages) because that tells me about momentum -- things moving fast are harder to stop than things moving slowly; and I like working with ATR, because that tells me about volatility. I also work with things like Donchian channels and candle patterns such as NR7 (and its cousins) because they don’t add delay, and they tell me about price pressure.

So, I took seriously your advice to take partial profits, and I struggled with it because warnings induce fear (fear being the devil on one shoulder; greed and hope being the devils on the other). I almost decided to sell part of my position. Then I remembered to heed the whispers ... follow the backtests; ride the bronc for the full eight seconds; stay on till it's done.