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> The
> pattern does not last forever and will change. When the pattern changes and
> is no longer profitable then it is time to look for a new pattern or
> "update" the existing parameters to bring about profitability in the extant
> pattern.
IMO, that's a premise destined to lose money. You can't know the future
so you will always be driving looking in the rear view mirror. In other
words, you won't know the market has "changed" until after the fact and,
by then, you will have lost a ton of money. The goal of all traders
should be to identify aspects of market behavior that do not change over
time.
--
Dennis
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