Monkey Throw Dart: Instruction: Lather, Rinse, Repeat

Friday, July 20, 2012

Instruction: Lather, Rinse, Repeat

Or put another way:

1. Buy when stochastic line is in the low end of the scale, and when a long-tail, hammer type, doji thing appears (see circled candlesticks on chart)

2. Sell when stochastic line is in the high end of the scale.

3. Continue doing this until everyone else catches on and the pattern dissolves.



You can see the same sort of thing happen when you find an empty check-out line at the store...until everyone sees it too.

This just the sort of pattern the MensaMonkey avoids. The anti-whipsaw sub-routine is working correctly although it would be nice if MM could adapt and take advantage of these short-term patterns.

Looks like he is staying put in the XLU for a while longer.