I haven’t had a post recently not because I gave up or because my trust in Dynamic trading has been shaken. I realized that I’ve moved away from my purpose to show how Dynamic trading can help a trader to take right decision. I focused in forecasting probable market direction and making predictions about the extent of price movement instead.
Actually, Dynamic trading has power which one can use to make correct forecasts in particular market conditions. The goal is trading, not forecasting. Traders don’t have to care about future market position. It is only current market behavior traders have to be interested in. Dynamic trading true worth is its market position analyzing technique, in terms of time and price, which allows having trades with greatest probabilities for success.
Robert Miner gives definition of Dynamic trading achievement in that way:
“One of the important objectives of Dynamic trading is to project the extent of trends and the time and price of trend reversals in advance.”
With all respect to the author, I think a definition like this brings back into the field of forecasting and contradict the principle of trading market behavior not the forecast. The importance of Dynamic trading is concerned with getting opportunity to define current market position in order to find place where to put on a reasonable trade.
In this regard I have been working up a trading strategy based on Dynamic trading concept about three dimensions of market activity – time, price and pattern. Taking projection techniques with other technical analysis methods help identifying right places where to consider a trade.
I hope to find out proper means to present all this information to people interested in trading financial markets.
Keep tracking next blog articles.
