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dougiefresh

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Posts posted by dougiefresh

  1. Dougiefresh, good to hear from you again. thanks for the upload. I have come across some clayburg inicators, will need a day to see if their is any value there. Thanks for the look though. Have you found anything that you think works or has some value?

     

    best,

     

    The directional day filter looks interesting. From what i've read on the tradestation forums, a lot of his systems haven't been doing so well lately but this was a while ago.

  2. ahhhh dougie fresh your the man! have you had any luck finding the trendcatcher indicator for alchemy? Also I am looking for John Clayburg indicators, figured I throw that out there just in case. many many thanks!

     

    Which clayburg indicators are you looking for?

  3. This is something I read at BMT but it has always stuck with me...

     

    Markets essentially only ever do one of two things: range or trend. They do this all the time, across

    all degrees of time. You can subdivide trends and ranges into a few more categories if you like

    (for example, you can classify trends into fast-moving-impulsive-trends, slow-moving-choppy-trends,

    wide-swinging-trends, and so on), but basically there is only a small handful of "types" of movement

    that the market will ever do on any given degree of time.

     

    Given that the market is moving in a certain way (let's say, moving rapidly in an

    impulsive uptrend, or moving slowly in a choppy downtrend), there is always an indicator

    or set of indicators that will capture that movement and allow you to profit from it.

     

    The problem arises in the transition between range and trend, or in the transition between

    different types of trend (for example, a choppy downtrend accelerating into a faster more

    impulsive one). The real trick to making money is to be able to identify these "market condition"

    changes as quickly as possible, and adapt your mind to trading correctly with the current conditions.

    You need to be able to adjust from a mind-set of selling highs and buying lows in a range to

    simply shorting or buying and holding as a trend develops, as soon as it starts to develop. That is

    something that cannot be programmed into an indicator, and that's where most traders fail. They want

    a magic indicator to tell them exactly when a market is going to change from trending to range-bound

    mode and vice-versa, and that does not exist. It can't exist. The market is nothing more than the sum

    of all actions taken by a group of human beings trying to maximize their profit, and that is not

    something that can be predicted by a simple formula, any more than you can predict exactly what

    is going to happen over the course of the next 10 years in world politics with a simple formula.

    Human behavior cannot be modeled accurately like that 100% of the time.

     

    If you learn to read "price action", then what you are essentially learning is how to read the

    transition between range and trend. That is not easy to do, and generally takes many thousands of

    hours of staring at the market. But if you can learn to do it and can learn to adapt your mind

    quickly when you notice the market changing its trading conditions, you can be successful. If you are

    looking for a magic indicator that will allow you to make money under all market conditions by following

    a simple formula, forget it. You're better off making a few different sets of indicators for each

    different market condition and then training yourself to recognize the right time to use each one.

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