Posted by DigiNomad on 19th of Jan 2023 at 12:06 pm
Mining Stocks - Not exactly my line of reasoning but you make
good points. I'm going to look into the last one as I hadn't
thought of that previously.
Maybe easier to think of what I'm trying to say in terms of the
BPT KISS charts. Notice how the 195 minute has been killing
it in the very near past? But it's not always the 195 that
respects the supports, resistances, buy/sell cycles, etc. Sometimes
other time frames make the KISS systems look like a soothsayer
(borrowing Steves' terminology). But if you picked the 195 today
and decided to always trade on it because it nailed it for a
couple of weeks, you would eventually find that another
timeframe is performing better.
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Mining Stocks - Not exactly
mining stocks
Posted by DigiNomad on 19th of Jan 2023 at 12:06 pm
Mining Stocks - Not exactly my line of reasoning but you make good points. I'm going to look into the last one as I hadn't thought of that previously.
Maybe easier to think of what I'm trying to say in terms of the BPT KISS charts. Notice how the 195 minute has been killing it in the very near past? But it's not always the 195 that respects the supports, resistances, buy/sell cycles, etc. Sometimes other time frames make the KISS systems look like a soothsayer (borrowing Steves' terminology). But if you picked the 195 today and decided to always trade on it because it nailed it for a couple of weeks, you would eventually find that another timeframe is performing better.