One system for all markets

[It's Snake Pliskin]

Is there a system that fits all markets? Is it possible?
Discussion only thanks.

 

[Bobby]

Is there a system that fits all markets? Is it possible?
Discussion only thanks.

SNAKE one of the things I like about you is your always seeking !

No there is not a system that will fit every market .

Have fun
Bob.

 

[It's Snake Pliskin]

SNAKE one of the things I like about you is your always seeking !

No there is not a system that will fit every market .

Have fun
Bob.

Bobby,

Thanks for your diligent thread response.

Can you justify your answer?

 

[Bobby]

Bobby,

Thanks for your diligent thread response.

Can you justify your answer?

Yep. In all the years I've played this game nobody has come out public with the answer yet.
But you never know

cheers
Bob.

 

[doctorj]

Yep. In all the years I've played this game nobody has come out public with the answer yet.

Soon after someone went public with it, the system's days would be numbered. There's no incentive for someone to come clean, they'd be much better off quietly making a profit.

Part of me would like to think there exists some mathematical harmony to the chaos that over rides all markets. Perhaps there is, but whether or not it is profitable is another thing.

 

[nizar]

Is there a system that fits all markets? Is it possible?
Discussion only thanks.

(The answer to the thread title is) impossible, it doesnt exist.

Must have a systems for uptrends that trades (at least predominantly) longs, and another for downtrends that trades (at least predominantly) shorts.

Or you can choose to sit out periods where your system will not work.

The profitable of each sort of system, ie. the uptrend system, or the downtrend system, will be significantly reduced in sideways markets.

Just my opinion..

 

[chandra]

Hi Snake,

In my opinion no doubt, there is a system that can trade multiple markets - because as it is well known Tech Analysis - in its true form - is about developing technical trading rules from observations of past price movements which, when combined with intuition, knowledge and skill, allow a trader to forecast future movements. Thus, If a trader, or group of traders, created such a system - they would not release it to the market - or if they did, they would want to charge an incredible amount for it.

As the system becomes more popular, the stock market reacts to it, and in theory, more and more traders are capitalizing on its signals. Ultimately, with so many doing the same "moves", the market adjusts and its now useless. This is why if you did have the "goose that laid the golden egg system" - you would never tell anybody - and just use it until you had 1000 ferrari's or the mafia breaks your thumbs

A new site called "gstock.com" claims to have a system to beat the market -
"www.GStock.com is "a virtual supercomputer" for stock market analysis. It runs on a grid computing model and claims to test over one billion investment strategies per stock. Then it emails you BUY/ SELL (B/S) alerts for major US-traded stocks in your portfolio. They also claim that 70% of trades based on their BUY/SELL alerts make profits. Navigation, though, is extremely sparse. Enter a stock ticker symbol in the search field to get a chart with B/S indicators. Then apply common sense as to whether you should take the action offered, based on your price for that stock."

In my opinion after using it, its a load of crap - but give it a go.

Cheers,

C.

 

[It's Snake Pliskin]

Part of me would like to think there exists some mathematical harmony to the chaos that over rides all markets. Perhaps there is, but whether or not it is profitable is another thing.

Interesting.

 

[It's Snake Pliskin]

(The answer to the thread title is) impossible, it doesnt exist.

Must have a systems for uptrends that trades (at least predominantly) longs, and another for downtrends that trades (at least predominantly) shorts.

Or you can choose to sit out periods where your system will not work.

The profitable of each sort of system, ie. the uptrend system, or the downtrend system, will be significantly reduced in sideways markets.

Just my opinion..

Nizar,

Why doesn't it exist? If you have some reasoning for such a comment please elucidate the elements that we could possibly discuss.

I am aware that cycles may make a market untradable for systems at times, but I was talking about markets being markets not what cycles they are in.

 

[It's Snake Pliskin]

Hi Snake,

In my opinion no doubt, there is a system that can trade multiple markets - because as it is well known Tech Analysis - in its true form - is about developing technical trading rules from observations of past price movements which, when combined with intuition, knowledge and skill, allow a trader to forecast future movements. Thus, If a trader, or group of traders, created such a system - they would not release it to the market - or if they did, they would want to charge an incredible amount for it.

As the system becomes more popular, the stock market reacts to it, and in theory, more and more traders are capitalizing on its signals. Ultimately, with so many doing the same "moves", the market adjusts and its now useless. This is why if you did have the "goose that laid the golden egg system" - you would never tell anybody - and just use it until you had 1000 ferrari's or the mafia breaks your thumbs

A new site called "gstock.com" claims to have a system to beat the market -
"www.GStock.com is "a virtual supercomputer" for stock market analysis. It runs on a grid computing model and claims to test over one billion investment strategies per stock. Then it emails you BUY/ SELL (B/S) alerts for major US-traded stocks in your portfolio. They also claim that 70% of trades based on their BUY/SELL alerts make profits. Navigation, though, is extremely sparse. Enter a stock ticker symbol in the search field to get a chart with B/S indicators. Then apply common sense as to whether you should take the action offered, based on your price for that stock."

In my opinion after using it, its a load of crap - but give it a go.

Cheers,

C.

Chandra,

I am not interested in a black box system thanks.


I am not interested in any systems thanks people. Just discussion on the theoretical elements.

 

[doctorj]

(The answer to the thread title is) impossible, it doesnt exist.

Must have a systems for uptrends that trades (at least predominantly) longs, and another for downtrends that trades (at least predominantly) shorts

I disagree.

A system is a set of rules, it doesn't have to be a long or a short system, it could potentially be both.

I was reading a paper today on whether or not there was any statistical support for the flow, size and type (market/limit) of orders being a leading indicator for the market. It turned out there was a statistically significant correlation in both of the markets examined - the French bourse and the FX market.

Again, this may or may not have been tradable, but it does go to show there are similarities between the markets. Maybe there is potential there.

As an aside, I want to look at the potential of applying this theory to the ASX. Any suggestions where I can find tick data that also shows whether or not it was a market or limit order?

 

[Bobby]

Soon after someone went public with it, the system's days would be numbered. There's no incentive for someone to come clean, they'd be much better off quietly making a profit.

Spot on Doc!

I grind a living out of trading, its been a roller-coaster of stuff ups & good plays.

But if you survive folks ~ you get better at it!

Cheers Bob.

 

[swingstar]

EW (for one) can be applied to any heavily traded market.

 

[It's Snake Pliskin]

EW (for one) can be applied to any heavily traded market.

Is EW a system or analysis?

 

[Bobby]

EW (for one) can be applied to any heavily traded market.

Swing your a clever young bloke, I've been impressed by some of your past posts, let me warn you " EW may let you down at the worst possable time.

Bob.

 

[happytrader]

Is there a system that fits all markets? Is it possible?
Discussion only thanks.

Hi Snake

I think its primarily a mindset thing. Recognising and dispensing with that pervasive, 'getting away with it' attitude (which in itself becomes the game)would be a good start.

Cheers
Happytrader

 

[Bobby]

Hi Snake

I think its primarily a mindset thing. Recognising and dispensing with that pervasive, 'getting away with it' attitude (which in itself becomes the game)would be a good start.

Cheers
Happytrader

Happytrader yes its pertinent !

Bob.

 

[tech/a]

Of course there is.

Its the consistent application of buying at a price which is either.

(1) Consistently lower than your sell price.

OR

(2) When sold is consistently higher in aggregate point gain than the aggregate point loss of your trading.

OR

(3) Both (1) and (2).

 

[stink]

Hi Snake,

i think Tech is most correct here. In my opinion there cannot be a system that meets all requirements because we are individuals and we want to make our own decisions.

If the underlying method to any system is buy low and sell high, cant this work anywhere on any market? as long as its profitable right? Well as many posts about strategies and the like on this forum have stated its not about how many loses you have its about keeping your losses small so you stay in the game, when your winning let it run.

This strategy in theory would work in any market as long as you have got the balls and the $ to back it up.

Systems are what? poeples opinions on what they think will work, or what they have tested will work. But whats the underlying principle to every system? It has to be buy low sell high right? who cares what indicators you use.

 

[onemore]

If one was to have and trade a successful momentum system in one market, whether it be long, short or both it doesn't matter,why would it not be applicable to all markets?

All markets have momentum at some time and you are only trading momentum.

Anyway just a question.

..........onemore