Hi Charles, found your site thru brett's post on "Trading Screens and Trading Decisions" article. i see yu graph yesterdays close vs todays close. I have not seen this graphed before and an curious how yu use it? Thx JT
Through Linda Raschke, I learned about the George Douglas Taylor trading technique, which includes an observation that the market goes through a 2 to 5 day cycle of buy, sell and sell short days. The "Yesterday's Close - Today's Close" is one of the ways that I use to see the short-term cycles. In September and October, the cycle was not very reliable since the market was mostly down. But in normal times, the cycle is fairly predictable.
I collect market data on a spreadsheet for further analysis. The time frame for the data is 0930 to 1600 ET, since this is the time frame that I trade. For a look at the spreadsheet, see this link:
" I never blame myself when I'm not hitting. I just blame the bat and if it keeps up, I change bats. After all, if I know it isn't my fault that I'm not hitting, how can I get mad at myself?" Yogi Berra
"There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!" Reminiscences of a Stock Operator by Edwin LeFevre
"Creative persons differ from one another in a variety of ways, but in one respect they are unanimous: They all love what they do. It is not the hope of achieving fame or making money that drives them; rather, it is the opportunity to do the work that they enjoy doing." Creativity by Mihaly Csikszentmihalyi
"Be very, very careful what you put into that head, because you will never, ever get it out." Thomas Cardinal Wolsey
"I haven't trusted polls since I read that 62% of women had affairs during their lunch hour. I've never met a woman in my life who would give up lunch for sex." Erma Bombeck
Hi Charles, found your site thru brett's post on "Trading Screens and Trading Decisions" article.
ReplyDeletei see yu graph yesterdays close vs todays close. I have not seen this graphed before and an curious how yu use it?
Thx JT
Hi JT,
ReplyDeleteThrough Linda Raschke, I learned about the George Douglas Taylor trading technique, which includes an observation that the market goes through a 2 to 5 day cycle of buy, sell and sell short days. The "Yesterday's Close - Today's Close" is one of the ways that I use to see the short-term cycles. In September and October, the cycle was not very reliable since the market was mostly down. But in normal times, the cycle is fairly predictable.
I collect market data on a spreadsheet for further analysis. The time frame for the data is 0930 to 1600 ET, since this is the time frame that I trade. For a look at the spreadsheet, see this link:
http://esanalysis.blogspot.com/2008/02/statistical-open-range-and-spreadsheet.html
Charles