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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (36805)	9/3/2000 4:35:55 PM
From: Steve Felix	Read Replies (3) \| Respond to of 79382

Doug, with the vol. the last two days, what are the odds of CDN becoming a mimbo in the near future? I don't have monthly charts. tia

To: Doug R who wrote (36805)	9/4/2000 11:39:25 AM
From: Cube	Read Replies (1) \| Respond to of 79382

Doug, Professional traders look further than 1 week or their last 30 trades. In the real world of trading where you have human emotion, human psychology, trade commissions, spreads, trade timing, and taxation, 50% accuracy in any indicator is NOT tradeable. You will take a few steps forward and a few steps backward over time. You will be a very busy trader, with no net profit over time. 60-62% accuracy is what you need in the non-laboratory world to start realizing profits over time. By the way, now that you've had plenty of time, have you found any post on any thread where I have said anything negative about you? Cube

To: Doug R who wrote (36805)	9/5/2000 6:29:44 AM
From: bdog	Read Replies (2) \| Respond to of 79382

Doug, "50% is untradeable." "THAT is the most ridiculous thing I've ever heard. 10 trades, properly executed, 5 of which break below support and 5 of which hold support." Not so ridiculous when you really think about it. A fair coin flipped has a 50/50 chance of falling heads EACH time. So in a 50% system 10 trades may very well go right 10 in a row. Or bad 10 in a row. No money management can help. In the long run slip, com, and loss eat you up. The odds are against you. Maybe HUGE capital can keep you in the game longer. I would rather call "heads" when I have a 65% chance of being right. More wins. Less losses. And with proper risk reward ratio and strict money management you can beat the odds. You need a weighted coin to win the game... bedgedog ps:not that I possess or do any of the above...>g<