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MACD and Stochastic sucks???
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Created: by Lord Sidious Attachments:11

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MACD and Stochastic sucks???

  #41 (permalink)
Elite Member
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ThatManFromTexas View Post
@monpere

If I go long and say I went long because the chart looked "good"... and the next time the pattern appears and I don't take it because the chart didn't look "good" is that mechanical or discretionary?

Depends on how "good" the chart "looks". Are we talking Angelina Jolie "good"?

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  #42 (permalink)
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monpere View Post
Depends on how "good" the chart "looks". Are we talking Angelina Jolie "good"?

That's the biggest problem I have with mechanical systems .... coding all of the nuances correctly. If you don't like Angelina Jolie and I do and we would both look at the same thing .. then we would give two different opinions of what we are looking at.

I'm not criticizing using mechanical systems...I believe traders should use what works for them.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #43 (permalink)
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Nice to see you guys writing here, in my thread, but believe me, most of the things you write are like Chinese to me...! For the moment, they are, as I intend to learn many things in the future!

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  #44 (permalink)
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Lord Sidious View Post
Nice to see you guys writing here, in my thread, but believe me, most of the things you write are like Chinese to me...! For the moment, they are, as I intend to learn many things in the future!

We were having a discussion of your original problem.

You looked at your chart and thought you saw a sell signal.

Others looked at your chart and said they did not see a sell signal.

The discussion we were having was; should you have an absolute rule or should you use discretion in your decision.

Hope that helps.

Regards,
TMFT

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #45 (permalink)
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ThatManFromTexas View Post
@Beljevina

How is it possible for price NOT to hit a line on your chart?

Hey @ThatManFromTexas , don't knock it - it works! I can't help it if I have the ominous processing power of a TRS-80 and you don't! :car:
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  #46 (permalink)
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ThatManFromTexas View Post
We were having a discussion of your original problem.

You looked at your chart and thought you saw a sell signal.

Others looked at your chart and said they did not see a sell signal.

The discussion we were having was; should you have an absolute rule or should you use discretion in your decision.

Hope that helps.

Regards,
TMFT


Hey!

Well, that I unverstood, or at least I got a small picture! What is not familiar to me was some technical terms you guys wrote.

Thank you for your help!

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  #47 (permalink)
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Beljevina View Post
Hey @ThatManFromTexas , don't knock it - it works! I can't help it if I have the ominous processing power of a TRS-80 and you don't! :car:
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@Beljevina

Now you're just showing off... since you have a tape recorder to save your programs with.

Don't know if you actually ever used a Radio Shack Model II but the first one's came with 32K of ram and had no storage devices. You really did have to save your programs on tape. Later they added an 8 inch single side floppy drive.If you had a large program like General Ledger, you bought an expansion bay that had 4 additional 8 inch single side floppy drives. To make a backup you had to make copies of each individual disk. The first hard drive was external, 5 megabytes and cost $5,995.

I am old.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #48 (permalink)
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ThatManFromTexas View Post
@Beljevina

Now you're just showing off... since you have a tape recorder to save your programs with.

Don't know if you actually ever used a Radio Shack Model II but the first one's came with 32K of ram and had no storage devices. You really did have to save your programs on tape. Later they added an 8 inch single side floppy drive.If you had a large program like General Ledger, you bought an expansion bay that had 4 additional 8 inch single side floppy drives. To make a backup you had to make copies of each individual disk. The first hard drive was external, 5 megabytes and cost $5,995.

I am old.

@ThatManFromTexas LOL, I knew it would come to this!!! I remember ogling the Radio Shack catalogue over those years! Pretty much the only thing I could afford back then (being like 7-10 yrs old I think) was the Radio Shack Battery of the Month club card! I used to have a few of them, and would strategize trips to the store/mall to keep stocked on free batteries! On PCs, for the longest time I was in love with the APF Imagination machine and the TI 99/4A, and ultimately got an Atari 400 (membrane keyboard!) with tape recorder! $1,000 for that, with 4K of memory, lol!

We're not old ... we're the new young!

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  #49 (permalink)
Membership Revoked
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ahhhh The Trash-80...the memories are flowing.

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  #50 (permalink)
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ThatManFromTexas View Post
That's the biggest problem I have with mechanical systems .... coding all of the nuances correctly. If you don't like Angelina Jolie and I do and we would both look at the same thing .. then we would give two different opinions of what we are looking at.

I'm not criticizing using mechanical systems...I believe traders should use what works for them.

That is the issue that most do not understand about trading a system mechanically. There are no nuances. If a signal meets all the rules, you trade it. You are not relying on the skill of sifting through nuances, you are relying on the derived statistical data, and letting it do it's work. Check out the link below of a post from the method I use, where I show the current day's chart and how the method would trade if you took every signal mechanically.

https://futures.io/traders-hideout/18809-probability-101-a-4.html#post205362


Last edited by monpere; May 2nd, 2012 at 04:57 PM.
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