A guy named Daryl Guppy. Gully Multiple Moving Average (GMMA)... I tried it years ago when I got started in forex. Thought it was magical, but it's just a bunch of MA's But still quite pretty to look at. If I recall, some theory about small traders represented by the small MAs (5,10,15,20,25,30,etc), and large traders represented by larger MAs (60,70,etc.). Interesting but nothing special IMO.
I did like Ensign, but I'll pass on the rainbow charts.
I do like the look of the waves on simple black and white though. I really am considering printing a few. I have a reprographics account downtown and am going to see what they think is the best way to get a clear image with minimal cost.
I have felt this organic, living quality to the motion of the market for awhile, and the way it is highlighted by those waves seemed perfect for my office.
Last edited by GaryD; August 31st, 2012 at 08:11 PM.
But did they try using over 140 of them at the same time? Just as drawing SR lines really thick helps slow the market down, the more MAs, the greater the friction. Every day there is a winner in there somewhere. I need a roulette wheel...
I don't want new indicators. I want to allow different interpretations of the ones I have now. If I remove them, there is less to interpret, and that is not what I am looking for. But indicators can be misleading, depending on what I am attempting to define. For example, if price reaches major support, it does it when certain indicators say "sell".
I want to scalp, and to also capture major SR, and with indicators you kind of have to pick one. Or, be willing to have times when one definition is removed. Or, remove indicators. Or, have charts for varying conditions.
Maybe it is that I don't want my "edge" to be confined by an indicator. I would prefer it to be based on experience and understanding. Sometimes black means buy, white means sell, sometimes both mean stay out, and having the ability to detect a difference is beyond what black boxes do. The human element is what I am drawn to.
I am sure many here would say that is not the correct way, go with the "probabilities". In my mind, listening to myself when I think up is down or down is up, is going with the probabilities. An edge based on watching this schizophrenic market day after day after day, until the insanty of the motion becomes sane, and understanding of the chaos provides order.
This is not the "wishlist" idea of a guy who is just starting, as far as my opinion goes. I believe, and that belief is backed by an incredible number of hours, that what I am describing is truth. For me, anyway. I can accept that computers can provide a level of consistency. That is not everything there is though. It is a part, but not exactly the whole.
The confidence factor, the way I allow the "ponderous" nature to sway me, my still somewhat damaged view of myself from... things long gone.
It's like I hold onto the carcass of something dead for way too long. The normal thing in society, is to bury it, and move on. Live.
When my mother died recently, that was the tone of the words I gave to my stepfather. It is what I believed was the correct direction.
Certain experiences in life can be scarring. Or, we can allow those wounds to heal.
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