Imo, patterns, eg h&s, triangles, wedges, channels, add to clutter. Cut out the clutter! Scat and others mention KISS. Never a truer word is spoken. From another thread...... But I would dispute; "I really don't even need my Algo". Maybe if just trading 1 instrument an algo is not required, but I trade scores of stocks and track hundreds of instruments, an algo does the math for me and speeds up decision making.
It is very difficult to code patterns. Think again, if mkts are run by algos and patterns are difficult to to code, then maybe algos don't need to read patterns.
Thanks a million. I was going to buy another Al Brooks' book but I am getting a great education from you instead. And it is free.
Yep, I have a bone to pick with Al Brooks and many traders on ET, they over complicate. If I had a willing student who was prepared to listen and obey, in 1 day I could teach them how to trade, in actual fact only a few minutes, but like a house, you see the building but there needs to be a foundation taught otherwise the smart ass student will think it is all too easy. This sort of thing is total bs.
I'm very confident the market hasn't seen bottom yet, or let me word it a little better, markets are going down again, this is not the beginning yet of Santa rally. However I'm expecting markets in interim to rise another ~3% before it heads down, that's just enough to sucker in more sheeple. Crypto I'm bullish atm.