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Strategies & Market Trends : NetCurrents NTCS
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To: davealex who wrote (335)10/6/2000 1:15:31 AM
From: Dan Duchardt  Read Replies (1) of 8925
 
davealex,

If they are doing this, then traders just change. They adapt. They set their stops a little wider, they react more quickly if a pattern doesn't do what it is supposed to do, they don't enter until it is "more" confirmed than a "normal" confirmation signal.

I'm not necessarily buying in to the premise of the Screen Painter's, but there certainly does seem to be an abundance of pattern failures. But setting stops a little wider, and reacting more quickly are rather contradictory. Wider stops give more time for failures to gather strength and increase the slippage you have to take when your wider stops break. Waiting for "more" confirmation often puts you so deep into the meat of a move that there is nothing left when you pull the trigger. While I agree with you that there is an adaptation possible, I don't think simply stretching the limits of the "old" signals is all that effective.

Dan
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