Algos watch Patterns, Trendlines, Channels, Support and Resistance

Discussion in 'Trading' started by Darc, Nov 2, 2023.

  1. ironchef

    ironchef

    20% a month, not a year. He is rich.
     
    #31     Nov 2, 2023
    tsfx likes this.
  2. tsfx

    tsfx

    Really? All the breakout strategies too? Inside day breakouts, opening range breakouts, engulfing candle reversals? Where they fit?

    What about overbought/sold signals from stochastic or rsi? Divergence patterns? Are those classified as mean reverting? Where's the mean here i'm reverting back to?

    trendline breaks, MA crossovers against trend? What are those?

    I'm not trying to be a d*ck, i just want to understand where i'm wrong.

    I'd say there are TA algos with all the subvariants, one of which is trend following.
     
    #32     Nov 2, 2023
  3. mikeriley

    mikeriley

    Just my opinion, but I think if any of the uber successful
    hedge funds were using any of those garden variety
    setups, they would have never made money.

    Think outside the box.
     
    #33     Nov 2, 2023
    zghorner likes this.
  4. Easy don’t trade markets that are algo’d within an inch of their life. (Hint look in your own backyard @Darc
     
    #34     Nov 2, 2023
  5. Darc

    Darc

    ASX200 is a Dividend Index. IVV (ASX) and NDQ (ASX) are the go - Growth.
     
    #35     Nov 2, 2023
  6. Growth v Dividend would probably only be considered by an investor. Why I like our market.
    Repeatable seasonal, time of the month patterns over a long period of time.
    Whales leave big footprints when they play our market.
    Occasionally foretells what will happen in the overnight markets.
    In my timezone.
    Futures and options can be traded over the index.
    As @MrMuppet once said find your niche market and milk that baby till its dry.
     
    #36     Nov 3, 2023
  7. Darc

    Darc

    The Nasdaq's swings are much larger than the XJO.

    Traders trade the Nasdaq for the swings. Investors invest in the XJO for the Dividends.
     
    #37     Nov 3, 2023
  8. qlai

    qlai

    I watched a few videos by Vinny e-mini and my understanding is that he traded exactly this kind of algo. Don’t know much about him, maybe someone could chime in.
     
    #38     Nov 5, 2023
    Darc likes this.
  9. Sprout

    Sprout

    Vinny E-emini got most of his following by trolling ICT.
     
    #39     Nov 5, 2023
  10. Sprout

    Sprout

    Maybe some of the smaller one’s do. The major SLP algos don't view the market via retail time-series price charts. The charts on Nanex show their view closer than anything publically available.
     
    #40     Nov 5, 2023
    Darc likes this.