Good insights (all of the prior posts you made here), IMO. The only issue I have as a retail trader, is that while I agree there are many good edges present in much lower time scales (superior to higher, such as autocorrelation, for example), the practical issues, like getting filled, size, slippage, comm. etc can supersede theoretical edges based on back-testing historical data.
Very true. And there's so much fertile ground there. Indicator failures (MA, RSI, Bollinger etc), pattern failures (h&s, triangles, flags, wedges etc), candle pattern failures (inside, engulfing, dojis etc), classic TA failures (trendline, 123, support and resistance), price action failures (hh ll, lh hl etc).
As I specialize mostly in price action, can confirm that failures of classic price action patterns can be very fruitful, especially when reversal pattern fails during a strong trend. I posted examples of such trades in my journal last week.
haha thank God for that Traders see patterns in every candle, where often, it's simply random. It trips them up... etc
Yea, and no secrets, all it takes to distinguish randomness from what contains edge is screen time. Just a lot of screen time.