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RUNNING WITH THE WOLVES |
rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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Post: #466  Posted: Sun Sep 18, 2011 12:35 pm Post subject: |
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Thanks Peace!
For giving me some peace 
By the way, In fact, coincidentally I was thinking the same issue you raised.
I read so many times that any T.A method which becomes popular will fail at later stage since everyone knows about it, it loses its edge.
WW is relatively new, is that the reason for its higher success rate?
But, again if TA is nothing but boiling down the interactions of human emotions and its effect on price movements and vice versa in to a method. Why should they fail after getting popular? ( as these interactions are going to stay as long as markets exists)
Books are saying so? What a long time TA practitioner say about it? I am curious to know.
It could be another issue to discuss with and understand.
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #467 Posted: Sun Sep 18, 2011 12:44 pm Post subject: |
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| rk_a2003 wrote: | Thanks Peace!
For giving me some peace
By the way, In fact, coincidentally I was thinking the same issue you raised.
I read so many times that any T.A method which becomes popular will fail at later stage since everyone knows about it, it loses its edge.
WW is relatively new, is that the reason for its higher success rate?
But, again if TA is nothing but boiling down the interactions of human emotions and its effect on price movements and vice versa in to a method. Why should they fail after getting popular? ( as these interactions are going to stay as long as markets exists)
Books are saying so? What a long time TA practitioner say about it? I am curious to know.
It could be another issue to discuss with and understand. |
I can only say that WW is not new, it has been practiced since years by people elsewhere.
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #468 Posted: Sun Sep 18, 2011 2:08 pm Post subject: |
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| rk_a2003 wrote: | Thanks Peace!
For giving me some peace
By the way, In fact, coincidentally I was thinking the same issue you raised.
I read so many times that any T.A method which becomes popular will fail at later stage since everyone knows about it, it loses its edge.
WW is relatively new, is that the reason for its higher success rate?
But, again if TA is nothing but boiling down the interactions of human emotions and its effect on price movements and vice versa in to a method. Why should they fail after getting popular? ( as these interactions are going to stay as long as markets exists)
Books are saying so? What a long time TA practitioner say about it? I am curious to know.
It could be another issue to discuss with and understand. |
rk, it's general belief that return decrease with extent of spreading stratagy. most of books says so. that's the reason mechanical trader trading on sys unwilling to reveal his stratgy. but on contrast, some trend based ind gives proper entry/exit sig as it used by more & more traders. for ex. take 200 EMA. majority class of traders know 200 EMA as a big trend decider. now if stock is rising above 200 ema, whenever it retraces near to 200 ema, buying comes on general beleif that 200 ema is a strong sup. even on time of trend change, it gives opportunity to exit pos as it never gives way at one go. always hover arnd it for a while before trend changes. here spread knowlege of ind results beneficiery. same works with diff ema & TL sup/res. so on the whole, greater spread of ind may minimise return, but at the same time spread knowledge of it turns out in exccellent entry/exit sig. so it's on trader how to use it. these r some of my thought derived from some reading, some from hearing & some from exp. awaiting to comments on it. regards.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #469 Posted: Sun Sep 18, 2011 6:26 pm Post subject: |
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Peace!
What you said appears to be right in broader terms.
But, my basic question is when TA is derived from interactions of price and human emotions coupled with history. It should be valid through all times.
As you said with more knowledge of indicators among trading masses ,they should work more effective.
With more knowledge of particular method the chances of it becoming blunt is more.
My observation of market through Technical view point is very limited. I can't generalise things with such a little exposure.but still I observed even though Double bottom is a very old concept and almost every one knows about it. still it works up to some extent.
In my opinion, We need some one to comment on this, who was using TA from a couple of decades.
Vinst!
I said WW is relatively new. But on second thoughts I am thinking that in this Internet era nothing is new, with in days every one all over the world is going to know about any thing new. May be we should think in terms of whether it is effective and then whether it is popular or not
Regards
RK.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #470 Posted: Sun Sep 18, 2011 6:34 pm Post subject: |
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"all says that if u share ur method wid ppls it will loose edge and over time it will b a junk
i dont believe it, bcoz thr is hardly any thing new we are doing since the incorporation of stock markets..... buying low and selling high, simple......
if it had anything to loose edge, then u might not use japanese candlesticks.... its too old, and still rocking
methods and systems has some sort of subjective approaches too, they more u use, the better u know and seeing a same price action, two guys, even if they r followers of the same methods, can get different insights and acts accordingly
bcoz after every details, scientific descriptions of a method or systems, which will be objective in nature, there will always be some room for "imaginations" which is eventually a subjective thing, and this subjective part will decide the course of actions.... nothing else
like what u guys claim to be "ww" i call it rising /falling wedges and some times, pure divergence in rsi, now u r successful in ur way, im successful in mine, so its not a clash either
as per books, courses and others help, can u be sure that u r given the 100 per cent of that system?? and author did not hide any thing?
so in my view, its a good idea to learn the basic market dynamics and then go ahead and develop ur own method which will be tailor-made for u"
BY CASPER
I am reproducing it here with a confidence that CASPER will not mind
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vinst
Black Belt
Joined: 09 Jan 2007
Posts: 3303
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| Post: #471 Posted: Sun Sep 18, 2011 6:43 pm Post subject: |
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| rk_a2003 wrote: |
Vinst!
I said WW is relatively new. But on second thoughts I am thinking that in this Internet era nothing is new, with in days every one all over the world is going to know about any thing new. May be we should think in terms of whether it is effective and then whether it is popular or not
Regards
RK. |
I know of WW's since many years and even coded it long ago. so there would be many other who'd have known WW much before me.
This question of popularity reducing the effectiveness is just trivial. TA has been very old, MA's , bands, rsi, adx, stochastics, macd have been working for years. effectiveness reduces only when we ignore the conditions of the setup and go take a jump in order to increase our edge !!
the indicator gets the blame for failures.
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evkgng
White Belt
Joined: 14 Nov 2010
Posts: 45
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| Post: #472 Posted: Sun Sep 18, 2011 7:36 pm Post subject: "concon" is it a valid "WW" pattern? |
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Mr. rk_a2003,
I think "CONCOR" is in as " WW" pattern, can you please confirme
is it a valid "WW".
thx,
vj
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peace69
White Belt
Joined: 27 Aug 2009
Posts: 113
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| Post: #473 Posted: Sun Sep 18, 2011 7:56 pm Post subject: |
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| rk_a2003 wrote: | Peace!
What you said appears to be right in broader terms.
But, my basic question is when TA is derived from interactions of price and human emotions coupled with history. It should be valid through all times.
As you said with more knowledge of indicators among trading masses ,they should work more effective.
With more knowledge of particular method the chances of it becoming blunt is more.
My observation of market through Technical view point is very limited. I can't generalise things with such a little exposure.but still I observed even though Double bottom is a very old concept and almost every one knows about it. still it works up to some extent.
In my opinion, We need some one to comment on this, who was using TA from a couple of decades.
Vinst!
I said WW is relatively new. But on second thoughts I am thinking that in this Internet era nothing is new, with in days every one all over the world is going to know about any thing new. May be we should think in terms of whether it is effective and then whether it is popular or not
Regards
RK. |
hi rk. with time & popularity to more & more traders, patterns starts to give lesser profit as many jump in with knowledge of it. at the start, benefit goes to awared traders as they jump in early. so it's diff in reward that changes with it's popularity & awareness spreading imo. 100 traders tracking one pattern & millions doing same makes diff in reward. regards.
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rk_a2003
Black Belt
Joined: 21 Jan 2010
Posts: 2734
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| Post: #474 Posted: Sun Sep 18, 2011 9:02 pm Post subject: Re: "concon" is it a valid "WW" pattern |
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It is not a valid ww on concor; on longer time frames Symmetry and regular timing intervals are important.
quote="evkgng"]Mr. rk_a2003,
I think "CONCOR" is in as " WW" pattern, can you please confirme
is it a valid "WW".
thx,
vj[/quote]
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Ravi_S
Yellow Belt
Joined: 15 Jun 2009
Posts: 569
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chandrujimrc
Brown Belt
Joined: 21 Apr 2009
Posts: 1683
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| Post: #476 Posted: Mon Sep 19, 2011 10:23 am Post subject: Running with the wolves |
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Dear friends,
Is it bearish WW? NF 15 mnt TF.
chandru.
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #477 Posted: Mon Sep 19, 2011 10:31 am Post subject: HDFC |
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HDFC....5tf
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Not a pure ww (TLs are not exactly converging).. still, intraday chart may not give picture perfect pattern. giveing it a try ..
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278 Time(s) |
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sumesh_sol
Brown Belt
Joined: 06 Jun 2010
Posts: 2344
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| Post: #478 Posted: Mon Sep 19, 2011 12:01 pm Post subject: LICHSGFIN |
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LICHSGFIN..15tf
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First Entry I took when it gave first bearish candle (Though that was not a confirmed signal, just taking chance)..
Second entry Just now when closed below 8ema under channel..
Let's see...
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adsingh101
White Belt
Joined: 09 Nov 2010
Posts: 242
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| Post: #479 Posted: Mon Sep 19, 2011 3:47 pm Post subject: |
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| Sumesh_sol: today sl for lichsgfin hit .
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adsingh101
White Belt
Joined: 09 Nov 2010
Posts: 242
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| Post: #480 Posted: Mon Sep 19, 2011 3:52 pm Post subject: |
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LT_ 30 min has formed its 5th point.
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298 Time(s) |
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