Lol …..well I confess I do extract information from the candles. Maybe information others don't have?….Inside info…i.e. inside the candle ROFLMAO. Now I am sounding like a jigsaw trader of which I am not. Ok lets say you are right that all candles are made up of randomness and therefore useless for scalping. Is that premise correct? Is it correct today randomness cannot birth profitability? Think about it. Let say random movements are all the markets are made up of. But even random movements have inertia. You yourself said in your post #1092 that brownian movements can be exploited therefore capitalized upon.
Incidentally, were you aware (not likely) that Jim Simons and his 800 pound gorilla of funds with his team of scientists and mathematicians analyzed many thousands of data points and found that there were repeatable patterns found on, guess what....5 minute increments and based their models on those expectancies. I deleted The Man Who Solved The Markets, the account of Simons and his Renaissance Medallion Fund from my kindle but if you wish to review, I seem to remember page 187 as the source. Institutions leave technical evidence of their activity for those with the work ethic and persistence to learn how to read such. And on that note, I am done with you and yes, Armstrong really did land on the moon.
let's put it this way -- using candles to analyze price information is not sufficient. @speedo references Jim Simmons but clearly doesn't acknowledge the fact that Simons' team of 400+ PhDs are running machine learning techniques and are not scalping 5-minute charts. I am not saying that there isn't opportunity. I'm saying that Al brooks and the folks like him have no idea how to analyze information, do not understand market structure, and do not have an actual strategy. It is made up stuff. If he had something of merit he'd win a nobel (Fama, the guy behind EMH did lol).
you're not a trader lol, you're a gambler who thinks he has edge from reading a candle stick chart. there are opportunities that present themselves across all time frames, and those that have the skills and tools to analyze the opportunities capitalize on them. Those that do not just compensate market makers on the bid/ask spread.
Please answer my question in my post #1106? Why would one institution sell and the other buy? I don’t give a sh$t if they ARE looking OR NOT looking at 5m charts, weekly charts, monthly, or yearly charts. Why is one selling and the other buying? Did one screw up TCA, misread volatility, mis-interpret news events. Your video says it (news events…etc) is over in milliseconds. Yes, I did watch your entire video. I think it is theoretical BS that that has nothing to do with the way I scalp. Back in the day “90’s” I used to scalp stocks on NYSE and AMEX. Back when it was 1/4..1/8..1/2 and not this decimal BS. Do you know my modus operandi back then? Take a slice out of the spread when the specialist would open it up to attract buyers and sellers. The spread was the specialist money. That was his bread and butter. They hated scalpers like myself. But they knew they had to move price to where transactions would take place. No transactions no money for them, and no commissions for the brokers. You don’t want to piss off the brokers. They the ones that connect traders to the markets. And they ain’t gonna be brokers if the specialist can’t get the market moving. No brokers… the specialist gonna be riding a broken down Chevrolet and not a Porsche. No traders no brokers. No brokers no traders. Anyway why did GS sell 500 contracts and the other buy 500? Did one screw up on their analysis?
Um he doesn’t think he has an edge HE KNOWS. Since it is padutraders thread and he occasionally types in big red letters to emphasize I will take the liberty to do so also!
Did you say opportunities present themselves across all time frames? Wow! So 1m, 5m, 15m, 30m, weekly, monthly, yearly? All that is needed are the skills and tools to analyze them and capitalize on them? May I postulate that Mr B does exactly that. He teaches the tools and skills. ROFLMAO.
Brooks says if there is good solid bear bar sell below that.........if the buyers come in strong and at any stage there is good strong buy bull bar close above that. why the fuck do i need brownian and quantum physics and theory of relativity ?. and why do i need to test that written in red.......tell me and that is wrong is it? sellers in control [even for one bar] sell i do not test that just because some idiot says i should