Are you good at price action and technical analysis?

Discussion in 'Trading' started by longandshort, Mar 4, 2023.

  1. easymon1

    easymon1

    Sideshow bob gonna guess my weight too? lol

    Here's the offer as you stated it and as I accepted it.
    If it ain't gonna happen, you can say so, that's expected. lol

    longandshort said:
    if you tell me what you look at to make a trade, and what your average time horizon is, I’m happy to put together another test based upon that.

    Go for it! 1minute, 5minute will do. We'll need a dozen of them selected at as random as you can and triggering between the hours of 8:00 am and 12:00 noon.
    They don't have to exit within any particular time horizon, they will just follow the rules and either stop out or 100% target out.
    If the individual traders want to go for different paramaters, that's an option, but unless otherwise specified, they are just vanilla basic Double tops or bottoms as posted in the 'rules'. Thanks!
    https://elitetrader.com/et/threads/...t-right-here-baby.335635/page-18#post-5309309
    alfred e.jpg double top diagram.png
     
    #171     Mar 6, 2023
  2. maxinger

    maxinger

    [​IMG][​IMG]
     
    #172     Mar 6, 2023
  3. To be clear, you’re saying the chart can be selected from a time between 8am to 12pm — but how much data do you want to be able to see? Since open? The last hour? Etc
     
    #173     Mar 6, 2023
  4. newwurldmn

    newwurldmn

    Remember the guy who said the price action in BOIL proved that the weather would get colder.
     
    #174     Mar 6, 2023
    longandshort likes this.
  5. newwurldmn

    newwurldmn

    maybe a better test would be to offer a third option (this chart is unpredictable) and you don’t count those results.

    it would be unreasonable to ask someone would have to predict all earnings instead of specific interesting ones.
     
    #175     Mar 6, 2023
  6. Shouldn’t the result still correspond to the difference from random?
     
    #176     Mar 6, 2023
  7. easymon1

    easymon1

    Looking back on this, it's asking a lot to post up a dozen random non-cherrypicked examples
    and just one or two examples is not even close to enough to mean anything.
    Given that there's so little interest, I wouldn't blame you for not fokkin with it, but if you do...

    Entry candle would trigger sometime between 8:00 AM and 12:00 NOON.
    A chart made of 1 minute candles would work fine and there would be plenty of these to be found.
    A chart made of 5 minute candles would work fine too.

    The number of candles / amount of data required is shown by the example chart above or
    another way to look at it would be to provide enough candles to give an overall profile along the lines of the figures below:
    double top.png double bot.png
     
    #177     Mar 6, 2023
  8. Peter8519

    Peter8519

    Since we dealing with something random, there is no one method that will work all the time. If a method is enabling one to have a sustainable income, run with it. There is no single method for everyone.

    Just listen to the first 10 minutes of this video to see my point.

     
    Last edited: Mar 6, 2023
    #178     Mar 6, 2023
    beginner66 and MACD like this.
  9. Good Evening easymon1,

    It's time for you to get some rest my friend.

    Watch the following videos and enjoy your night with a good sleep. The video will calm you down

    Enjoy.

     
    #179     Mar 6, 2023
    easymon1 likes this.
  10. Ok everyone, let's get some sleep and rest now.

    Someone start a thread of Flow Order trading theory and let's beat that trading theory up tomorrow too.

    For those that need help sleeping, use the video below to burn some joules.

    Free R.Kelly. and Free Pooh Shiesty. Rip to Big Scar


     
    #180     Mar 6, 2023