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[QUOTE]Originally posted by PCola77: [QB] by the way Ace, your "I'm not sure what chart you were looking at, but those signals are crystal clear to me!!!" is exactly my point. if you're trying to help people who they aren't "crystal clear" to, then i don't think you did a very good job. And if your intent was not to help explain anythign, then what was the point? The reason I say this is because I have yet to find someone who reads charts that can give me a set system that they use that doesn't involve judgement that actually can be proven to make money. I created a database to backtest rules, and have yet to find one that would consistently have made money over the long haul. I don't doubt that there are people that can do well reading charts, but my theory is that people that can do so have more "guidelines" than "rules" when looking at charts. Like someone can't say "I buy when X, Y, and Z happen, and sell when A, B, and C happen" and make money over time, but there are undoubtedly people who can say "I look at some of the followign things, and then have a gut feeling about what to do." there is no way to test that, so honestly, it doesn't interest me. I'm looking for ways that are easily documentable, and can be implemented systematically, vs individually using personal judgement. So whenever someone puts out a "system" taht they use, and say flat out "I look for x, y, and z" I first try to make sure that they are saying exactly what they mean, and second, I test it, and see if they are correct taht it tends to work more often then it doesn't. [/QB][/QUOTE]
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