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Learning to Trade: The Cost Of Tuition
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Learning to Trade: The Cost Of Tuition

  #21 (permalink)
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jupiejupe View Post
I was thinking the same thing, you have any books that were worth reading?

Sorry for the late reply. As I was posting in another thread, I came to think of this one.

I would say that this is worth reading:
Amazon.com: Technical Analysis and Stock Market Profits (9780273630951): Richard. Schabacker, Donald.(Ed Mack: Books

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  #22 (permalink)
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Not really sure what to do with this...

but i figured that i should also add this to the list

trading lag:
tech latency "computer connections"
data lag "mainly how your datafeed handles moment of high volume trading"

price action bar lag "to me this is the BIGGEST problem with lag"
indicator lag "this is the second biggest problem"

mental lag "hopeful you system is designed around making your trading binary..."
gut check "...so that you do not have to worry about having to have a gut check"


In the post I'll am concerned with "lag" as to me it's the a system should be addressing. the first two lag have little to do with you, expect you can change where you are getting your data from so that is a choice. But other than that there is little control over it after that.

The second to on the list are the main source of problems what charts you are using to frame everything, which is a play on noise and movement, example a daily bar all of the price action is noise, once the day opens until is closes the movement between the two extremes is noise, but by going a smaller time frame the noise can be isolated. This is a refinement of what is movement. At 5mins we have greatly reduce the amount of what was noise on the daily scale, making most of it that noise movement, which then sets up the next level of what is lag.

Indicator lag, this is the tools we use, some are worse than others, but that is the search is it not.

But Mental Lag is stems from the charts & indicators we use hopefully you realize that it is a binary response that you need to have to make a trade. If you have not reduce the logic to yes on no, then you will have issues, leaving you to need to gut check yourself to place a trade. This is not a healthy place to be

"Learning to Trade: The Cost Of Tuition"
- a roadmap of my lessons learned as taught by the market
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  #23 (permalink)
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Screen Shot


thought i'd post a picture of my indictor now that i have just finished it, the chart is 5second bar resolution and the indicator is 3seconds the overall chart is 15 end to end. this was created using the ideas i expressed in the thread.

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  #24 (permalink)
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hopefully this open to a larger display

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