Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: cgraham who wrote (8647)	9/18/1998 11:41:00 PM
From: Richard Estes	Read Replies (1) \| Respond to of 12039

guessing? What do you mean by that? Life is a guess, but I use intelligent guessing based on experience and knowledge. The CCI(13) may not fit your mindset, find the one that does.

To: cgraham who wrote (8647)	9/19/1998 1:16:00 AM
From: gonzongo	Read Replies (2) \| Respond to of 12039

"Are you just guessing? " what do you mean? Richard is saying in his experience CCI works well for ranging periods. TA is the use of indicators which can reduce the statistical coin flip bias of life. It may work 55% of the time - 65% or maybe 75%- tough to do much better than 75% in my testing. Now start guess with a 55-45 bias- and a 2 to 1.0 risk reward. So you place you stops at say 4% and 5 out of 9 times you make 8%. If you do 18 trades a month- 10 will get you 8% and 8 will lose you 4%. That will yield an average gain per trade of (80-32) divided by 18 or 2.67% per trade- if each trade lasts and average of 10 days- yhen you will gain about 70% per annum. That is his kind of guessing- I guess.