How to train your TA skills ?

I would like to train my TA skills on unknown data.
What I would like is to go back in time, for instance in 2010, do my TA, state if my bearish/bullish (and my exit points) and then go foward one month to see if I won or loose money. And then repeat the process.

Do you know if there is any software/web based TA to do that ?

Best

 

Try this:

http://www.elitetrader.com/et/index...imulation-based-on-real-historical-pr.294585/

 

Just use a random data creator ( based on actual prices). The results will be the same.

http://www.elitetrader.com/et/index...see-trends-in-randomly-generated-data.118599/

surf

 

Trend following did work on a lot for markets for a lot of years so markets are not that random.
However, I agree that randomess look not random.

 

Thats nice but do you know something more advanced ? More products ?

 

Paraphrasing Sergei Rachmaninoff: “TA is enough for a lifetime, but a lifetime is not enough for TA.”

Trade intraday...

One year of intraday trading on small period charts worth a lifetimes on dailies.

 

Scalp forex. Smallest lots possible with real money. Don't do demo and try to make reasonable pip targets.

Note that short time frames are extremely noisy compared to stocks.

 

I agree as well. Learning by doing is key, especially with money on the line. At the same time, you need to make sure that you can survive doing everything wrong at least 10 times such as moving stops, trading in the wrong direction, cutting winners short, etc. By scalping, you are also practicing more, which I believe will develop the trader's mindset of thinking in terms of series of trades. (no point in taking one trade that works for 3 months and thinking you're hot shit for catching the top of bottom of a big move)

Now whatever you learn in Forex might not be how your chosen market actually moves, but no reason why you couldn't stay with the same market and just trade larger to make the gains a bit more worthwhile. Simply put, trade with an amount of money that you don't care about, because trading so its not about the money is key.

 

That's PSEUDO random, not real random, the trends generated are because the inefficiency of the random number generator.

Totally random, wouldn't show much if any MoMo!

 

You will not be able to train your TA skills this way because that's not how actual trading successfully works. Instead, you will train yourself how to play a game that has nothing to do with real trading.

Just get some historical data and backtest your trade method via that historical data. You can then use your backtest results to determine if your TA needs work. Yet, keep in mind whatever your results show...your actual trading with real money via the same TA will be worst because its discretionary. In contrast, if you're using an automated TA system...the backtest results and the real trading results should be similar.