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I liked your post because your nickname agrees with your thinking. :)

Do not pay too much attention to contest results.

What's "best big-O" analysis?

They mostly do, true. I have never heard of 50wk crossing 100wk as a signal for fund managers.

Why this death cross? There are many others.

Read about data-snooping bias. A good article from the price action lab blog: http://www.priceactionlab.com/Blog/2015/12/momentum-survivorship-bias/

Nice explanation.

Good article.

About 101 times?

I've been around long enough to know this.

S&R lines are random in most cases. Job of a good trader is to figure out when they are not.

Candlesticks are just a very special case of price bar patterns. There is no reason for anyone to restrict analysis to candlesticks. There is a program called Price Action Lab that will find price bar patterns spanning maximum 9 bars with criteria decided by user. It also has several tools for...

Backtesting is tricky. A major academic publication with many backtests of momentum strategies considered seminal in fund industry was recently shown by a professor in Finland to suffer from look-ahead bias. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2743119 If professors can make...

There are no friends in the markets.

Reading his book partly was a waste of time. Trying to explain probability and statistics with cartoons is only for commercial purposes. The real problems of trading are with discipline and execution. I could give a system to 100 traders here that I know that it will perform well in the next 5...

What a good answer! It reminded me of this article I read the other day by someone who ranks high in understanding trading and probabilities and whose blog I highly recommend. Look how from the four definitions of probability in the article only the last one which is about beliefs is maybe...

If you bought BAC in IPO in 1986 and held, the annualized gain is 5.44% and $10,000 has grown to $48,500. In the same period, the annualized return of a more conservative stock such as JNJ is 14.8% and $10,000 grew to $626,000 In a more conservative stock like PG, the returned would have been...

Yes, no, no, yes and put these in any order you like.:)

I assume that all people that studied finance have taken a course in forecasting 101. I do not think anyone has taken a course in anticipation 101. Hey guys, if you have taken anticipation 101 please raise your hands. Covel thinks that trend following is not predicting because the one who is...

Thanks, I will look into this. Candlesticks are a special class of OHLC price patterns that are known for ages and any anomalies they represented in the past have been mostly removed by traders. There are programs that identify the general price action class that are more suitable for mechanical...