The definition of "Torsion Field" particularly is part of the universal mechanics in quantum physics. You have to have a reason for everything in nature, and that explains everything about why we even exist perfectly. Why isn't "Daddy pays for his edge" simple enough for a child to understand? Anyway, why do we have to dumb it down for children? It's not like they're even aware of the market until they're much older, and trying to explain it to a kid who doesn't even understand statistics and can't possibly understand statistics well enough won't ever get that for simplicity the reason there are people with so called "edges" is either that they paid for a guaranteed edge or they've spent hours on many more complex statistical analyses finding one.
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No, wrong. No instinct, just knowledge. No screentime. Just backtesting statistics. --------------------- You must see it this way. Imagine a scientist who have backtested the historical markets, so he knows how the patterns look after the move. But he never did one trade and doesnt know how the price scenario looks like before and when the pattern starts to begin to move. So he gets in touch with a trader and tells him about his pattern. The trader says, ok, scientist, we make a deal. You get real time data from me, and you analyse the real time current markets, with your knowledge, as soon you see the begin of one of your pattern, with the signals, exactly how they look after the pattern happened, ----- you call me and i do the trade. So it happened. Believe it or not, the scienist was always right, not one single false shoot, in fact he began to understood that this pattern, where everything looks at the begin, like in the end, are the best of the best scenarios. He also found a way to analyse other pre move pattern begin situations, what also had a high change to be a pattern how it has to be after the happening. The trader and the scientist, become very rich and after a few years they retired and lifed a happy life, with no sorrows about money anymore. And they still life happy and be rich, if they havent died yet. The End
Do some more research on non-extremum indicators because they are rarely discussed publicly, but recognizing their utility in trading is more of a pre-condition for trading success than abandoning the search for a quantitative definition of "pattern." The "candlesticks" you are talking about mostly in how you trade are static, with either a open, high, low, or close with a change relative to the previous bar, and that doesn't provide you with statistical basis for trades because it is not a definition you can model than if it goes up this many times and goes down this many times then goes up/down this many times then trade. It doesn't work like that, but that is commonly what's featured on CNBC particularly even though they might find a pattern that may have repeated a high percentage of the time, the likelihood it will repeat is no different than a coin flip, and unless you have non-extremum indicators then the rest of the analysis if you only want to base it on candles is futile.
LOL Yeah, you are right. I dont understand this "Daddy must pay for his edge"??? Well, i would like to had a explanation for children, because, the most people i know are so dumb and see trading the finance markets are like going into a casino. I just wanted a easy way to convince people that i am not a gambler and that it is just not possible to make a living out of luck. hehehehehehehehhe
Cant find older data than 1970, for clear wide bar/candelstick charts. most is 1968 for USDCHF. This sucks.
Ummmm... no, that wasn't what I was talking about. The 10 or 15 candles that I was talking about, have a largely different explicit structure each time. However, the overal shape does look similar each time. Kind of like a cat sleeping or standing in a different position, but you can still recognise it as a cat.
I see this structure over and over again. Looks a little different each time, but its obvious while it is developing in live trading.