Recent content by Sharkfin

I have read only the first 5 or 6 pages and the last 2 - maybe there are quite a few losers in the posts in between, but I am skeptical of any trading system which cannot be put into simple rules - setup, entry, follow through, exit - and which shows picture perfect winning trades. To be frank...

I think what the author means is that there must be loads of newbies out there running some MA crossover (e.g. 9 day crossing 20) or looking to go long on the breakout of triangles in the resource stocks at the moment or trying to pick double bottoms and you can fade. I don't think he means that...

I saw a quote in a journal recently - "Think about the first "sure thing" chart formation you ever learned about. Chances are some traders are trading that formation now, so you could fade their trades and likely do alright." What is the author saying here? Why should the fade work better than...

Can anyone tell me how to best employ backtest results using entry and exit efficiency? I did some tests on a system I've been developing but I don't know how to interpre/use the results. I had an entry efficiency of about 90% but an exit efficiency of only 65%. That basically tells me I'm maybe...

Hi all Could anyone recommend a book on understanding the relationship between oil/dollar/gold/interest rates, etc? Thanks

Numerous publications talk about the concept of a system ceasing to be profitable simply because it becomes too well known. The theory goes that a profitable system, once discovered by every other trader, will quickly become unprofitable. I am fairly new to system development and I wondered if...

Mully Rich Dad Poor Dad has changed my thoughts on schooling! My son's only 18mths so I figure I need to get him running Bollingers before he starts nursery. Thanks to whoever tipped Reminiscences of a Stock Operator (Mully was it you?). Haven't been so gripped since Liar's Poker.

If that's the case, I think we should all dock Mully. His life sounds too sorted.

Mully - as a daily lurker, your demerit is inexplicable. That goes for all you guys - learnt shed loads from you all. Just hope I can put back into the kitty soon. Mully, you regularly get my vote.

Can I just clarify one other thing? How do a group of people lure another into [false/unfavourable] positions in the market? Are we talking about massive trading houses? Quis custodiet - in this case, who are the lurers and who the lured?

In response to Bracke's post on Fibs, as a newbie, I've read a lot of theories recently and can't help thinking there's an awful lot of backfitting of systems. But, as Mully said (or how I interpreted what he said) markets are made up of people - so if people follow systems, then those systems...

Is there any guidance on which market conditions create a synergy of price movement or correlation of volatility between Dow Jones and FTSE? As a newbie, I had always imagined London followed NY in many respects - but it has been clear from my early incursions that this is probably my ignorance...

John Piper's "The Way to Trade" Seen references to this book on a number of threads on the main message boards - many positive - so surprised there are no reviews. Can anyone recommend or otherwise this publication?

I suppose I should add that I can find lots of US sites which give decent info on US stocks but not much on the FTSE. In addition, to dc's suggestion (site seems to be in its infancy), does anyone know of other sites?

Iain/Paul - thanks re EOD. I'll look into that. Bracke - thanks.