Is nothing sacred?
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- Category: Futures Trading
Alas no, my friend. What is happening is that the gaps in your charts are becoming invisible as a result of, as they age, you look them up over longer time-spans : for instance, a spot on a day chart disappears once you look it up on a weekly chart, which you'll are likely to do as the day chart ages. If in case you have access to every day charts going again years, and you have the endurance to trawl again by way of them, you'll discover gaps in day by day charts that are ten years old or more. Like solidifying Aero chocolate, a few of those 'bubbles' that we name gaps turn into trapped eternally in the charts. Others, in all probability the majority, do certainly get filled. But should you hoist your petard to this mast, you will surely lose your shirt sooner or later, as a result of all the things is in the timing - many gaps take three months or more to get filled.
So system trading is a sham, brokers cannot be trusted, cease-loss orders do not cease losses, and gaps do not all the time get filled. Is nothing sacred?*
Well, when all else has failed and you might be watching your life savings effectively funnel themselves into other peoples' pockets in your state-of-the-artwork buying and selling software, your broker will usually pull out one other hoary outdated adage : "Glide". "You retain fighting the market", he tells you with all the tenderness and concern of a leech on a pig's haunch, "you are only enjoying it a technique - it's best to go along with the flow..."