Stay via Lines
Posted 10-02-2009 at 11:13 AM by zdo
Line Changes:
Added new slightly up sloping bottom red line. This will be the last red line unless / until an up trend starts or resumes. Will also probably move the start of the line forward Monday.
Now short 25% net allocation. btw - The main purpose of this blog is to develop (in real time) a method to ‘stay’ with moves in systems where staying in as long as possible is the best way to exit. The entries, avg price, size % allocated to this are superfluous. Could just say “I’m short” or I’m long” and still complete the purpose. I am not chronicaling actual entries because they are derived from methods not related to these lines or this timeframe. Not sure chronicaling the % of net allocated is helpful for others… but it does reflect the reality a little more – especially how ‘stay’ and size is managed if price challenges the lines.
In previous posts, I used the term ‘PA’ in previous posts. It’s a misuse of the term and my apologies to the genuine PA’rs for co-opting the term. I’m not analyzing price action with this ‘forward test’ at all.
Also used the term ‘establish value’ ala MP, but am not really looking at real value areas either. For both these terms from now on in plain English – I will call ‘it’ (it being new downtrend in this case) when the subjectively appropriate number of bars pile up under the dark red line or ‘it’ (it being don’t stay too deep into adversity with the shorts) when the subjectively appropriate number of bars pile up above the green line. Not very "scientific" but for one this is not about precision it’s about ‘staying’
Added new slightly up sloping bottom red line. This will be the last red line unless / until an up trend starts or resumes. Will also probably move the start of the line forward Monday.
Now short 25% net allocation. btw - The main purpose of this blog is to develop (in real time) a method to ‘stay’ with moves in systems where staying in as long as possible is the best way to exit. The entries, avg price, size % allocated to this are superfluous. Could just say “I’m short” or I’m long” and still complete the purpose. I am not chronicaling actual entries because they are derived from methods not related to these lines or this timeframe. Not sure chronicaling the % of net allocated is helpful for others… but it does reflect the reality a little more – especially how ‘stay’ and size is managed if price challenges the lines.
In previous posts, I used the term ‘PA’ in previous posts. It’s a misuse of the term and my apologies to the genuine PA’rs for co-opting the term. I’m not analyzing price action with this ‘forward test’ at all.
Also used the term ‘establish value’ ala MP, but am not really looking at real value areas either. For both these terms from now on in plain English – I will call ‘it’ (it being new downtrend in this case) when the subjectively appropriate number of bars pile up under the dark red line or ‘it’ (it being don’t stay too deep into adversity with the shorts) when the subjectively appropriate number of bars pile up above the green line. Not very "scientific" but for one this is not about precision it’s about ‘staying’
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