Article Break Free of Old Trading Ideas

T2W Bot

Staff member
1,504 117
The title of this article alone is likely to raise the hairs on the back of many necks. The thought of pushing away concepts and ideas used for decades may sound ludicrous to you, but allow me to elaborate.
Old and proven ideas should never be pushed aside. Rather, the old ideas that have not proven effective and have prevented many from progressing towards a positive goal, these need to be shed. And there are plenty of them.
Some of these old ideas are that the futures and commodity markets cannot be forecasted because the patterns are random. Other old ideas are that you cannot make a success at trading unless you know the fundamentals of the market you wish to trade. And there is the old ideas that to make a success you must depend on what everyone else is using, common indicators such as the moving average, bands, oscillators and the like. Sure, they have their place in market analysis, and I certainly find some of them very useful. But they fall short of the ideal. Everyone is...

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timsk

Legendary member
7,612 2,383
To paraphrase Disraeli, I confess at times to 'being intoxicated by the exuberance of my own verbosity'. Even so, had I contributed this article, this is what I would have written:
1. If what you're doing ain't working, do something different.
2. Cycle analysis is where it's at.
The rest is just padding.
Tim.
 

0007

Senior member
2,376 663
To paraphrase Disraeli, I confess at times to 'being intoxicated by the exuberance of my own verbosity'. Even so, had I contributed this article, this is what I would have written:
1. If what you're doing ain't working, do something different.
2. Cycle analysis is where it's at.
The rest is just padding.
Tim.

Timsk - agree with your assessment. But despite all the verbiage of modern-day writing, if you can extract the essence (as indeed you have done) then there is much to be learned and exploited from this article & others. Very few people can write concisely and there appears to be a myth that more text = more knowledge. Churchill said that he could have written shorter communications if he'd had more time!

Your point 1. is a great pearl - I've always found it a natural tendency to carry on the same because "I know it should work" - funnily enough, when I stop, consider and try a different tack, things move on (not always for the best, but doing nothing usually achieves nothing unless it's when you need to be patient awaiting an entry).

Point 2. doesn't appear to have much of a following (on T2W` at least) - or is it just one of the best-kept secrets?
 
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timsk

Legendary member
7,612 2,383
Point 2. doesn't appear to have much of a following (on T2W` at least) - or is it just one of the best-kept secrets?
Fair points 007, you should write the next article as you express yourself every bit as well as Mr Ratchford! Re. point 2 (quoted), Grey 1's private 'Technical Trader' forum is the place to be if cycle analysis interests you. He's very big on it, just PM him requesting membership if you want to join.
Tim.
 

Crap Buddist

Senior member
2,458 289
Thought for the day!

Have idea's about the market as opposed to beliefs .For ideas are tradeable but a mans beliefs never should be.




Thank you very little.
 

dcraig1

Experienced member
1,604 243
If cycle analysis is "where it is at" (and I'm not saying it isn't) then how about some evidence or references. Even anecdotal evidence would be a bit interesting.

An article devoid of content.

For anybody interested in cycle analysis looking for a starting point you could try Hurst - "The Profit Magic of Stock Transaction Timing" as a starter. Written in the seventies, it's probably the first real attempt to put it on some empirical footing.
 

Crap Buddist

Senior member
2,458 289
I'm pissed , but upon finally reading this , I think the poster has had a fair few more than me. ! Total nonsense n bollox. LOL the world around us is bigger than we can imagine ? Are you on ****ing drugs from the sixties ? dont give up your day job, second thoughts, yes please do, I am eyeing a chateaux in marbella....

wank.
 

timsk

Legendary member
7,612 2,383
Are you on ****ing drugs from the sixties ? dont give up your day job, second thoughts, yes please do, I am eyeing a chateaux in marbella....
wank.
C_B,
Unless there's also a town in France called Marbella, I think you mean villa!
Hope you enjoyed your J. Arthur.
:cheesy:
Tim.
 

Crap Buddist

Senior member
2,458 289
ooopps! Cheers Tim, anythings possible on the goose juice. Strangley enough the article was easier going this AM. must of displaced my frustration of a warm beer on the author,sorry author.

I dunno maybe one day I learn to stop pratting around. I doubt it though. As for the chateaux in Marbella, yes silly idea,but, i found chateaux funnier and its use implied construction which would be slightly weighty in price over a villa. As for the J arthur, well I had a bowl of hot curry and it all went dark shortly after. :)

good weekend.

CB
 
 
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