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One of the studies I posted did. Regardless, I'm not an advocate of that particular approach. I was just countering the OPs claim that countless studies show TA is not profitable with countless studies showing there is some merit to TA. FWIW, I do not myself utilize chart patterns per se, nor...

Well - did you read it? I only took a quick look, but the conclusion does say the head and shoulder pattern is profitable for 2 of the 6 currencies tested. Usually, you find proof of what you want to find. You have decided that TA or charts have no predictive value, so that's what you'll find...

Nice tablet. It’s a bit odd that you now need charts when away from the computer, though. What happened with your IB charts? And what’s up with the MA on your charts? Is it supposed to tell you ‘something’? When I’m away from my computer and not trading I only need and want to watch a price...

1. Can you link that research? 2. Classical chart patterns (which I don’t generally use) is just one subset of chart analysis (which there are as many as there are chart settings). 3. There are plenty of academics who claims the market to be random, yet it’s obvious that profitable market...

Just poking at you. :) I’m not sure what point that would be.

Did you fix the issue with your charts? :) https://www.elitetrader.com/et/threads/strange-bars-on-ib-charts.353868/

Correct. Author; not trader. My original comment is still valid as breakout strategies would be instrument dependent and even within one single instrument you can have various timeframes, i.e., breakouts on a 1-minute time frame would probably be different than breakouts on the daily or...

I prefer to stay out of any heated arguments and I don't see any purpose in bickering around, but I do like to set the facts straight when I see something I disagree with. As I myself use a quantitative model for my forecasting I simply can't agree when people compare that with charting as it's...

Well, my interpretation of that Simons quote is nothing other than how the team saw improved results going from a coarse to a finer detail in their dataset (half hour segments and finally 5-minute segments). And that should hardly be a surprise. These days - I'm sure their datasets are even...

How about doing your own studies and not just blindly trusting the claims of some author? LOL.

Thanks. My expectations are low. I would mostly buying the lifetime license in order to stop paying lease fees and at the same time lower my commissions.

Hi there, Do I understand you correctly that you use the Ninjatrader OrderFlow tools? I'm considering buying the Lifetime license. I already lease Ninja, so it pretty much makes sense to simply buy it. It will lower my rates, too. I'm a bit curious on Volume Profile/Market Profile concepts...

Thank you for your answer. You answered very well. Right. This is also relevant for the thread topic. The OP seems to dismiss TA/PA, yet he does not seem to have invested any serious work in trying to understand it either. It takes time. A lot of it. And even a good system/methodology may...

I seem to recall you as a Brooks proponent? Did you change your mind?

Wikepedia: What you've mentioned in this thread so far is just a very, very shallow and specific subset of TA. There are no free lunches or quickly learned methods for consistently extracting money from the market. I don't care what some academic researcher with no skin in the game says...

What if it's the other way around, i.e., when a particular move is in play it can be identified by a specific signal/pattern? Buying looks like 'this'; selling looks like 'that'. Regardless, you're still scratching the surface here at best. Referring once again to Jim Simons (and another very...

I'm not a big fan, either, but I'm going to take a position on BTC if we drop and HODL it for a long time. Why? Lots of institutional interest lately and continued retail interest (just in little Norway as many as 6 % own crypto in some form). Limited supply. I don't really buy into the...

That's a very simplistic way of looking at it. When people talk about 'price action' I interpret that as a visualization of the OHLC data (bars) in various timeframes/settings and further analysis of that data either through a naked chart or with indicators applied to it. But regardless how...

Define 'price action'. Note that charts are just a visualization of the underlying numbers and one specific way to perceive those numbers. If you were to build and test a predictive model it would not be based on charts, fundamentally. Jim Simons spent about a decade, I think, before finally...

3820/3800 from here. Maybe by week end. I don't pay much attention to H&S, but couldn't help notice. Big picture we're still in a large trading range here at ATHs.