%% Good 2 day pattern/ Saw something on internet like that chart 2000\ 2008\ 2018/ seldom do the bear number$ work like that. NPR News said, help people more than pandas\LOL; i study more polar bears than panda bears I seldom do single stocks but hidden heavy treasures in VALE / workin' well.................................................................................................. NOT a stock tip
If you were willing to precisely (ie: formulaically) define all of the elements to your position sizing and scaling then it would be possible to backtest.... but this is starting to feel a bit more like a statistical contracting project, so I'm not doing it, lol! To be honest, it wouldn't be too much work to do with the exception of the earnings/fomc releases... unless you already have .csv lists of the dates for those, in which case it wouldn't be too hard. It's mostly a matter of formalizing how you define strength, etc and creating formulas for the scaling based on that. ty
Bottom line is Calhoun has no idea how to swing trade over multi-day or longer holds most of his themes/rules are garbage and his entries either : a) chasing a trend late or b) trying to call a reversal. I tried to talk some sense into him when we were on speaking terms last year but it goes in one ear and out the other. He has far too much ego and overestimates his skills/knowledge in anything other then day trading. I would never buy a stock or etf based on a 2 day high or a 2 day low it's an arbitrary silly rule. I'll bet it's not even neutral for more volatile stocks probably -EV.
%% 2]NOT sayin' 2 is some kind of lucky number\LOL markets dont work that way; but like i noted before\ bear \ 2000\ 2008\ 2018. Besides he got paid off 50dma MAGA zine articlex10 As far as garbage, funny you should mention that; one ,man's tra$h is another mans trea$ure...............................................................................................
He is like most of traders, reading charts to find pattern, and evaluating those patterns with naked eye, and those patterns look good. He thinks he found the holy grail. Those patterns are actually random but if without computer backtest, he can never find out. He wins or loses now and then, changes here or there a little bit of rules, rinse this way or that way. Many years have passed and they are still dreaming and struggling
i used to be a corporate statistician for Ford (early 90s) and have decades of experience reading charts, mainly i look for increasing ranges/volatility
Really! Did you notice, during your time there in the early 1990s, that the Taurus was the world's most-recalled car ever produced, was a POS that should have died on the drawing board, and cost consumers tens of millions of dollars of lost productivity with all those recalls? You never graphed out that stat I bet, because you were a company man.
But they make shitty cars that are constantly recalled. Quality is NOT job 1 at Ford. I should know. I have owned two of them, one of which I own now.