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

To: BreakOut who wrote (9843)	3/15/1999 10:10:00 AM
From: bdog	Read Replies (3) \| Respond to of 12039

BreakOut, "You found the Holy Grail! You didn't, if Monty Python couldn't, nobody can" hahahahahahahahahahahahahahahahahahahahahahahahahah LOL!!! way too funny... Great post. I have never been much of a paper trained dog, but if folks don't believe that real trading is different try trading BAMM. I was taken to the cleaners while my "paper" plan made $. Got filled at the top, way above where I was planning the sell... I just look at the floors of brokers, analysts, bankers and traders filling the downtown buildings... if they can't do it, what makes me think I can... What long movavg are you looking at in regards to the R2K? I am looking at the 200 SMA. I would like to see it bust through that with a strong move. Also looking for it to break a trend line from 1/20 - 2/1, a 407ish value today. Reason for asking about MA... there are sooo many to choose from... does any body use a fib, say 233? the R2K is below the 200SMA,EMA,VarMA , above the TSMA, TriMA, and riding on the WMA... then we could throw a Richardian 89TSMA with an 8EMA 7 day HZ shift at it... 200SMA seems like a good support/resistence starting point for me... bMauidog

To: BreakOut who wrote (9843)	3/15/1999 12:41:00 PM
From: TA2K	Read Replies (1) \| Respond to of 12039

Anyone that wants to, please comment on the following thoughts: When one finds an indicator, or set of indicators, and accompanying parameters to go along with the indicator, that appears to hold promise, the search for the grail is only half complete. Next one must figure out how to systematically and consistently interpret the signals received from that indicator. This is in large part why those 'in the know' say that they wouldn't just give a novice a system to use. Having the system in hand is only the first half of the huge puzzle. The second half is the learning process of how exactly to use the system. The signals generated from most any good system present themselves to just about any novice (and even those 'in the know' that aren't familiar with the system, and the parameters chosen) as a great deal of chaos. In fact, so much chaos appears to be going on that most people say that interpretation is nothing more than an 'art form' -- and that sustained profits really can't be expected. However, after much study, the system can indeed give reliable and consistent signals most of the time, which (together with 'money management' for those times when inconsistency occurs) will definitely result in profits for the learned trader. Any comments appreciated as to the accuracy or validity of the foregoing. I'm not saying that I whole heartedly agree with the thoughts above, but I'm leaning that way. Where do you stand? Thanks