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Ditto.
A real good trader should be dynamic to new market conditions, this flexibility
is what
makes him survive the markets. Look at the dinosaurs who can't adapt fast enough
to
changing environment/new paradigms (like electronic trading for example).
That's my beef with intelligent neural or even intermarket analysis. Sometimes
government
actions put them out of whack. About neural, when do you know its time to train
again
your system? I don't want something that already hurt me
monetarily/psychologically
before I find out I have to update the system to newer market conditions. If you
regularly
train your system, IMHO, you are just continuously curve fitting your system with
the
past (maybe surprises) market price action. Any comment?
Robert W Cummings wrote:
> I agree with TJ here because conditions are for ever changing. The price
> chart can look the same as well as the indicators. But something may have
> changed in the market so the intuition will dictate a different action than
> the time before under similar conditions and chart appearance. An example
> would be how a market reacted to positive news or negative news. Might be
> compared to watching your favorite football team. When you see them play
> sometimes things are different maybe worse maybe better but you can see and
> feel it. You can also tell when your football teams changes from good to
> bad long before the score says its either way. You hear people say well
> they just didn't look good today, why? Can you program that good play or
> bad play noway. You can program all the statistics of the players and
> weather conditions for that team and beat a guess for winning or losing
> against another team. But hey its was good for me to think about this thanks.
>
> Robert
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