20dmf rt

[nickola.pazderic]

patient as my mom watching "The Days of Our Lives."

[Pascal]

patient as my mom watching "The Days of Our Lives."

Finally a little bounce?

[nickola.pazderic]

Hi Pascal, Billy, and all Trading Wizards,

Do you'all put any stock in magical Fibonacci retracements:



People are noticing the break of the 50% retracement here on the SPY.

[grems8544]

Hi Pascal, Billy, and all Trading Wizards,

Do you'all put any stock in magical Fibonacci retracements:

Attachment 11568

People are noticing the break of the 50% retracement here on the SPY.

Absolutely. Not so much in market mechanics, but because people believe and code their systems to the Fib numbers.

This is why you see GGT MAs of 2,3,5,8,13,21,34,55...

As an aside, I note that the SPY finished below the YPP and that IWM finished below SS3, with the Q's significantly below QPP and SS1. These are now significant resistance levels....





Make it a great Thanksgiving all.

Regards,

pgd

[nickola.pazderic]

Paul,

Wonderful analysis; now tell me what to do! :)

Prior to the close today, I bailed out of TNA and jumped into TZA. Sold the TZA 2 minutes before the close. This is the only advantage of watching the soap opera, called the stock market: one can reverse course at an obvious inflection point.

But Trev-- are you out there?-- the Jesse Livermore rule about not wasting time during times like these sure proved correct.

Peace all,

[manucastle]

Paul,

Wonderful analysis; now tell me what to do! :)

Prior to the close today, I bailed out of TNA and jumped into TZA. Sold the TZA 2 minutes before the close. This is the only advantage of watching the soap opera, called the stock market: one can reverse course at an obvious inflection point.

But Trev-- are you out there?-- the Jesse Livermore rule about not wasting time during times like these sure proved correct.

Peace all,

Hi Nickola,

Yes, the best place to be just now is out of the market. We have not had success on the short side but we have also not lost anything on the long side. We are in an even better position than Jesse was in that we have the Robot to guide us unemotionally through the morass.

I have just read that this is the worst pre Thanksgiving week on record !!

Only fools rush in :O(

Trev

[Riskslayer]

Hi Nickola,

I see so much of myself in your Q's.

This community is well-educated and/or extremely good traders.

For me, Daniel Kahneman captures the mental challenges that I (and perhaps you) face in his recent book.
http://www.amazon.com/Thinking-Fast-.../dp/0374275637

IMHO, the markets are probabilistic and mostly not well-understood/random events - especially on an intraday-basis. A great way to make money in all conditions is the probabilistic advantages offered by the robots.

Personally, in the last 60 days, I am 9 for 10 losing on my discretionary trading (while the IWM robot is averaging a 70% win rate - which is an insanely awesome win rate when coupled with the 4.16% to 1.31% win to loss rate)- that convinced me to stop. You see Billy's recent comments on his discretionary trading. Keep meticulous records and see the truth in your own trading (PM me if you want to know exactly what that means).

I have a note on my monitor that list my edges: #1 on that list is "Stay Out Power"

All my best and have a happy Thanksgiving!

Shawn

[roberto.giusto]

Billy,

this is very interesting. Is your position sizing independent by the strenght of the robot signal?

[Billy]

Billy,

this is very interesting. Is your position sizing independent by the strenght of the robot signal?

Roberto, the various “strength” levels of the signals have been abandoned with recent developments of the robot. So all signals – buy or short – are now strong signals and can be approached similarly for position sizing.
Billy