Kindly, f*** off. Editing and calling me a stupid, now asking me for a solution. Im sensitive!! Btw, did your backtesting help backtesters here? I can pull innumerable examples per your request.
You talking about problems, but you not talking about solutions. This is why I say your post is nonsense. If you going to talk about the problems be logically and smart enough to talk about the solutions as well.
Typical fallacious assumption. Just because I propose a problem, doesn't mean I need to give you the solution. I am highlighting what is failing, to have people drop what is failing. Are the people going to resist drop what is failing until they have something new to grab on to? This is stupidity. This thread highlights the issues, smart people will realize theyre committing a mistake, and theyll stop what theyre doing whether they have a solution or not. They realize it's not working. That's all my mission is right now. ""solutions"" for another thread, if I feel like it.
It is nonsense to think you they/you won't stop what you're/they're doing (even tho its failing you/them) until you/them have another method that you want to believe in. How about suspending belief for the moment.
My EliteTrader comrade, I believe you’ll benefit a lot(and I cannot stress this enough) if you pick up Nassim Taleb’s Incerto (Fooled by Randomness, Black swan, antifragile, skin in the game). Also, try to understand this article And also try to understand Ergodicity by Ole Peters, Ergodicity is also mentioned in that article above. It’ll take a while to wrap your head around these things as it did to me. I’ll expand later on some insightful information for you if you’d like and if I can keep my word on that.
Amahrix, On page 15 of this thread, I really wish you would comment beyond "Let's keep it simple," I am asking for personal reasons, I'm working on a book that adheres religiously to most of what you say, so much so that out of intellectual honesty I feel compelled to talk about various instances where I have seen the market not act randomly (a word that really needs clear definition). One of which, but an undeniable example, is the multiple times I've created support and resistance by my own presence. Sometimes for hours, sometimes for days, or even weeks. Visible resistance that anyone can see on a chart and which is certainly not being formed randomly. Where does this non-hypothetical fall? Yes, I know this puts your back against a wall, and few people have the capacity to bend. Nonetheless I would love to see if you have any acceptance to this, as you are the ultimate resistance to this argument, and ultimately as everything else falls reasonably well within the standards accepted by academia (I despise academia), I am not sure whether I shut my mouth and leave it out, but it feels terribly dishonest to do so.
No. I'm not "putting words in your mouth". You've spoken them, well written them, yourself. You can't do it and without any basis claim others can't as well so they should give up hope. My first post here included a screenshot showing (using TA) the high and low being nailed on that particular day by projections calculated and plotted in advance.