TA - the final answer...

Discussion in 'Technical Analysis' started by farmerjohn1324, Sep 25, 2020.

  1. notagain

    notagain

    BollingerBands
    Screen Shot 2020-09-25 at 1.45.07 PM.png
     
    #31     Sep 25, 2020
  2. speedo

    speedo

    :thumbsup::fistbump:
     
    #32     Sep 25, 2020
    Nobert likes this.
  3. d08

    d08

    Have a family member who is a mathematician and wrote a book on chaos theory. It's ironically about the predictability of chaos.
     
    #33     Sep 25, 2020
  4. d08

    d08

    I don't really use any presently, fundamental events I've used in the past. But others might use TICK, TRIN or whichever breadth indicator.
     
    #34     Sep 25, 2020
  5. Bad_Badness

    Bad_Badness

    The notion that TA "reductionism" is irrelevant. Sure one can show equivalency between indicators. Analogy is that all people are made of ratio of x pounds of chemicals and y water. It says nothing of the personalities nor the presentation of physical traits. The one thing it does tell you is the basic data, price, volume, is fundamental. Furthermore, indicators can be redundant. Hope that helps.
     
    #35     Sep 25, 2020
  6. traider

    traider

    Become an expert in machine learning. Study the problem of market prediction deeply. Then you will see the pros and cons of using TA.
     
    #36     Sep 26, 2020
  7. themickey

    themickey

    Sounds like ET gobbledegook.
    20200926_171002.gif
     
    #37     Sep 26, 2020
  8. virtusa

    virtusa

    I have no clue about machine learning. I also cannot program (I use existing scripts and adapt the mathematical part in it to what I want to calculate. Blood, sweat and tears, but it works.)
    There are many ways to become a successful trader.
    There are experts in machine learning that never make any money as there are also wizards in math or PHD's that never make any money. So being an expert in any area is not equal to making money as a trader. If researching the wrong ideas , even the smartest researcher will never have any positive result.

    Reminds me of the (real?) story about the Russians using a simple pencil to write in space whereas the NASA spent millions to create a pen to write in space.

    Thinking out of the box and having a very analytical brain sometimes helps more than being an expert.
    There are many examples that proof that. Many discoveries are the result of researchers that accidentally do something they never did before what resulted in a new invention.

    https://www.visualcapitalist.com/accidental-inventions/
     
    #38     Sep 26, 2020
    Laissez Faire likes this.
  9. :fistbump::fistbump:

    Now these 2 guys I could trade with!

     
    #39     Sep 26, 2020
  10. My input data is 1-minute OHLC. That data is further sliced, diced and organized according to my own logic and further divided into various parameters and statistics.

    So, while the raw data is 1-minute OHLC which I agree have its limitations - there's much more data made available from those simple data points than mere OHLC. :)
     
    #40     Sep 26, 2020
    beginner66 likes this.