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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?


To: KymarFye who wrote (14191)9/22/2001 1:23:03 PM
From: jficquette  Read Replies (1) | Respond to of 18137
 
Thank you for the question. I would suggest you search on the internet under regression and see what you come up with. I have a system I set up but it is best explained using examples and that would not work in this context. I came up this theory about a year ago because I keep asking myself the question, why are the the best systems out there only accurate 50 percent of the time at best? What other systems in the world are only 50 50? Half the planes we send up do not crash. The sun does not come up only half the time?? What is it about trading systems that are so hard to get right. I always believed that the law that governs the stock market is a natural law. What is that law? Statistics. Human behavior ebbs and flows based on emotions. These emotions have ranges and they come from the make up of our psyche. The effects of these ranges can be observed in the Stock market through price behavior and the patterns that result from it. Take a regression channel such as the tool available in Qcharts and apply it to a weekly chart. Go the Daily or hourly chart and find a “pattern” Now look at how it looks on the higher time frame. You will find flags simply prices moving from on regression line to the next. You can also use it tell one wave the market is it. This will take practice and commitment. Spend some time with it and see if it is of benefit.

Thanks

John