Position Sizing

[Position Sizing]

Hi, idetsc, well I'm not saying this book is the holy grial I heard great things about Dr. Van Tharp's books. Buy it it's the logical answer but I should explain a little bit my situation. I from Bolivia and these kind of books are extremely hard to find, the forex or trading topics are practically inexistent so find a such advance book is really an imposible task.

 

I just came back from a long trip, I was almost a year out of my country and due to some new legislation in my country I have to get a new ID card and, of course, get another credit card to purchase these books. So I calculated that all these formalities will take me about 4 weeks ......we have a extremely bureaucratic system.......That's why I was looking for these books on internet.

 

Well I hope somebody already read the Dr. Van Tharp's books and can tell me about some sources about position sizing specially related to Dr. Van Tharp's investigation.

 

Thank you for the reply.

[Position Sizing]

Hello, I've been reading about the art of position sizing and many people say that is the only "holy grail" of trading.

 

I recently found the articles writed by the Dr. Van Tharp.

 

Does anyone read his books? Are they as good as I heard?

 

I specially interested in his book "The definitive guide to position sizing", I tried to download but I couldn't do it. If someone has the book in pdf, please let me know where you found it

 

Thanks.

[Basis for Bill Williams Theory?]

What is the basis for the Bill Williams theory I heard his indicators are based on the chaos theory, how do exactly these indicators work and more important his theory?

[Harmonics Basis]

What is the basis for the harmonic movement in financial markets?

What are the foundations for the harmonic movement and harmonic patterns? Why do they work? Are they related with the theory of Dow, are they based on the same theories?

 

I'm writting an article and if you could help me with some articles would be great.

[Harmonic Pattern Recognition Software?]

Hi Ariel,

 

Have you tried this page? korHarmonics 6.7.13

 

That should be the latest version.

 

 

Cheers,

 

 

Mike

 

 

 

yep! i got it, I've been able to download the last version, thanks for your help. now I'm trying to learn how manage the signals ......I'm reading the manual. It would be interesting that in a while when I can use this software efficently share some valid trades......

 

 

Well, maybe you could help me with another thing I'm dong a research about theories and their basis. I'm going to start other thread but do you know what is the basis or foundation of the harmonics?

[Harmonic Pattern Recognition Software?]

Thanks again mike, I'm struggling with the software, I downloaded but when I tried to run the indicator a window appears saying that I have an expired version. I don't know what I'm doing wrong but If you could help me that would be great. I already have the indicator and I'm an AMPAZONE community member.

 

You already help me a lot, thanks for everything,

 

Ariel

[Harmonic Pattern Recognition Software?]

Hi Ariel,

I use korharmonics pattern software. It's free, but he does ask for a contribution to development costs, and there are free updates/improvements.

 

I find them pretty good, combnined with other indications like S&R, candle patterns, volume indications, pin bars etc.

 

 

Regards,

 

 

Mike

 

 

Hi Mike, I think this could be that I was looking for, thanks for your reply and I'd would like to know how do you apply this software and your general opinion about it, may be some snapshots, thanks again

 

Ariel

[Harmonic Pattern Recognition Software?]

When one component of the harmonic does the exact opposite of the other component and does it in the same amount then you have a balanced harmonic. In this case it is a balanced harmonic of order flow or the balance of trade.

 

You will note that when selling is increasing, the red line moving up, that buying is decreasing, blue line moving down, by the same amount = a balanced true harmonic - one component is a harmonic of the other.

 

My small group endeavors to explore what we call the physics of market information. The harmonic of trade flow we have shown is designed as a leading indicator of price without any inputs from price. The net of order flow as shown in the graphic is the force and price is the particle or object.

 

As buying and selling displace each other in harmony (the graphic) so is price displaced.

 

The definition of simple harmonic motion is simply that the acceleration causing the motion a of the particle or object is proportional and in opposition to its displacement x from its equilibrium position.

 

Below are shots of two different algorithms that produce true harmonics of buying and selling volumes that, as the graphs show, often lead price.

 

Please click to enlarge image

 

 

cheers

 

UrmaBlume

 

 

Thanks for your reply UrmaBlume, well I expected a pattern recognition, but I found your snapshots very interesting and I'd like to learn more about your indicators and the rules of the system.

[Harmonic Pattern Recognition Software?]

Can anybody recommend me a good pattern recognition software for MetaTrader or Ninja Trader 7, I’m tried the AutoChartist software, but I having issues with it and well I found it difficult to use. I just want recognition software that can identify me patterns on different charts and then I decide which one trade.

I harmonic patterns trader, but I also look up for thinks like double top/bottoms.

Thanks.