TrendSurfer
109 posts
msg #83142
- Ignore TrendSurfer |
11/16/2009 1:10:44 PM
After spending a little time looking around the forum this weekend, which I do every once in a while. I rarely start a thread here..
I noticed some are trying to use/create a bearish scan simply by turning a bullish scan uside down with the formula.
If one has accepted the markets are driven by fear and greed, then wouldn't it follow you would have to agree the the EMOTION of FEAR and GREED would set-up and trigger differently?
Do you react the same when you are fearful as you do when you are greedy??? If you seek out that answer in the emotions of others, sometimes just a tweak or two in a good scan, can make it great.
Sometimes, it's the simplist of things, that can make the biggest difference. Explore this thought further and see what you may come up with...
TS
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chetron
2,817 posts
msg #83145
- Ignore chetron
modified |
11/16/2009 2:38:14 PM
FEAR AND GREED ARE simultaneous.
BEARs ARE GREEDY WHEN BULLS ARE FEARFUL
BULLS ARE GREEDY WHEN BEARS ARE FEARFUL
SO AREN'T YOU STILL REDUCED TO LONG/SHORT MARKET ACTION
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TrendSurfer
109 posts
msg #83147
- Ignore TrendSurfer |
11/16/2009 3:48:22 PM
cheton - I hear what you are saying and agree with the two lines in middle as isolated statements - however if I understand by simultaneous to mean everything happens existing, occurring, or operating at the same time, and that scans can simply be flipped upside down and expect set-ups and/or triggers days to be the same, I'm my camp I would say no...
All one has to do is look at the charts and see the price action/reaction and/or follow through has different emotional needs, thus are not the same or do they manifest in the same way, thus maybe we should adjust a scan and/or entry/exit methods for for that.
I think most experienced would admit that as little as a single day can make all the difference in an interpretation to take a trade at that moment or not, and if that is true it would wise to make sure the scan is optimized specifically with that in mind.
And for a little deeper thought, wouldn't someone looking to initiate a trade or add another, be in a completely emotional state that someone already in a trade looking for an exit and even further, whether or not they are in a profit or a lose at the time.
Things that make you go hummmmmmm!
Plenty of room for thought here, I'll leave it for the rest to add more here if a thought or two was provoked, thanks cheton you do work here that benefits all...
TS
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four
5,087 posts
msg #83164
- Ignore four |
11/16/2009 10:18:56 PM
"FEAR AND GREED ARE simultaneous.
BEARs ARE GREEDY WHEN BULLS ARE FEARFUL
BULLS ARE GREEDY WHEN BEARS ARE FEARFUL
SO AREN'T YOU STILL REDUCED TO LONG/SHORT MARKET ACTION "
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Yes, simultaneous.
However, which is over weighted at the MOMENT--more fear or more greed? ... or equal? ...Supply and Demand.
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