MoneyTec Traders Community Forum - View Single Post - Am looking for a simple strategy to trade the Dow Jones

homish · 27-05-2005, 07:32

Try BF tacktics. Look at a day when the next day activity is within the previous days activety, constrictiction of belief and new belief about a level for the market is formed, allow the market to explore beyond the boundaries of the belief then catch the break of the belief and movement to the next belief about a level for the market. Read "Against the Gods" Bernstein, and regression to the mean.

I actually trade this method all the time and very successfully but using software to help me identify the zone of belief. This is of course very expensive but you get what you pay for. But you can make money with this concept for free but you need to be pretty savy, I'm getting too old for all the effort it takes and besides the cost of the software I use is now peanuts compared with the benefits it provides is being more scientific in identifying this zone of belief.

Oh and by the way, it will work on any market, since it is based on human behaviour and so will never go away either!

27-05-2005, 07:32	#2
homish Registered User Join Date: May 2005 Posts: 43 Downloads: 0 Uploads: 0 Rep Power: 0	Re: Am looking for a simple strategy to trade the Dow Jones Try BF tacktics. Look at a day when the next day activity is within the previous days activety, constrictiction of belief and new belief about a level for the market is formed, allow the market to explore beyond the boundaries of the belief then catch the break of the belief and movement to the next belief about a level for the market. Read "Against the Gods" Bernstein, and regression to the mean. I actually trade this method all the time and very successfully but using software to help me identify the zone of belief. This is of course very expensive but you get what you pay for. But you can make money with this concept for free but you need to be pretty savy, I'm getting too old for all the effort it takes and besides the cost of the software I use is now peanuts compared with the benefits it provides is being more scientific in identifying this zone of belief. Oh and by the way, it will work on any market, since it is based on human behaviour and so will never go away either!