Gaining an Edge over the Forex game of Mind, Money, & Wealth
Thursday, August 05, 2004
van Gecko 09:08 GMT August 5, 2004
"QDC".. Quacking Duck Contrarian theory:
market participants tends to make the most noises at/near market EXTREMES..
like all traditional chart indicators, the Ducks tends to lag behind the market & are behind the curve cheerleaders at/near market EXTREMES..
guage the 'Quacking Duck Noises' QDN level & fade the noisy Ducks..
QDN noise sources;
advisory/guru services
banks/brokers
forums & news sources
QDN composite index:
0-3 dead market, great time for snooze or top/bottom suntaning
4-6 market in consolidation (great market for 'I can turn on a dime' pikers)
7-8 Fade alert
9-10 Fade! Fate! Fay
gauging the Quacking Duck Noise level is highly discretionary & takes a bit of practice.. but over time, it could be a rewarding effort for the patient practitioner..fwiw
Cheerios..
Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytic & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band in-order to compensate for those times when we are wrong..
"QDC".. Quacking Duck Contrarian theory:
market participants tends to make the most noises at/near market EXTREMES..
like all traditional chart indicators, the Ducks tends to lag behind the market & are behind the curve cheerleaders at/near market EXTREMES..
guage the 'Quacking Duck Noises' QDN level & fade the noisy Ducks..
QDN noise sources;
advisory/guru services
banks/brokers
forums & news sources
QDN composite index:
0-3 dead market, great time for snooze or top/bottom suntaning
4-6 market in consolidation (great market for 'I can turn on a dime' pikers)
7-8 Fade alert
9-10 Fade! Fate! Fay
gauging the Quacking Duck Noise level is highly discretionary & takes a bit of practice.. but over time, it could be a rewarding effort for the patient practitioner..fwiw
Cheerios..
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Trading is not an exact science contrary to the popular belief of most new or inexperience traders.. In trading, we must allow for some margin of errors within our defined risk & trading time frame.. allowing for this margin of error under the constraint of trading in micro time frames with stops & profit targets all inside a small fluctuating market noise band in hope of achieving consistent profits over time is very difficult, if not impossible.. as whenever we are right, we are only small right within the confine of the small P/L band which limit our odds to playing for break even at best over time.. Trading longer time frames allows for a wider margin of error but at the expenses of increased risk.. however, the odds of being right & achieving consistent profits over time are enhanced when good market analytic & trade management strategies are applied under the proper market bias.. When we are right, we need to ensure that we are bigger right over an expanded profit band in-order to compensate for those times when we are wrong..
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