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Are you saying that the patterns on the charts are not predictable (a complete joke) or that discretionary/intuitively trying to guess based on a pattern is a joke? To me, these two ain't quite the same. I think the problem with most chart pattern recognition is that it's too damn subjective...

Charts are after all the visualization of numbers. That's all. But I don't think everything is easily backtested. How can you for instance objectively define a trading range and test a breakout of it? I'm probably just slow, but I haven't yet figured out how to do this 'mechanically'. I asked...

Hi all, It's often been said here and elsewhere that charts don't contain all relevant information and that there are other ways to perceive historical data. I have some ideas about what this means, but I'm curious what else I might be missing. For instance, data can be put in tables. One...

Good suggestions, @tradethetrade. I have some other conditions I might want to include, but regardless, I'm not yet sure how I could go about testing this efficiently. Sure, I could scroll charts and do it manually. And it might not take that long for one single stock. But I'd like to do it...

Thanks for this video, @comagnum. I will watch it in full later today. I'm also tempted to comment LL's ignorance, but I'll let it pass... Anyway, any advice on how to actually test this? My initial suggestion of "Open > 2 day High" won't work, since that may very well occur in a trending...

Hi all, Testing an opening range breakout strategy isn't that hard since the range is easily and objectively defined. But what about breakouts of a multiday trading range? For instance, today, the SPY broke out of such a range upon the Open and successfully closed in the green. A 4 or 5 day...

The S&P is topping every day on Elitetrader. :)

Good point. Obviously, as with everything, a task can be both small and large.

Just so we're clear, the application I have IS working properly. I would just like to improve it, add some more features and make it more efficient. Adding some more features is priority number one. Making it more efficient is second priority and not anything I'm dependent on doing.

Interesting. I don't think I'd be able to proceed this way for my project. But as mentioned, an advantage is that my system, so to speak, ain't an automated thing. It needs logic and discretion being used. So, not knowing how to use it, I don't fear theft of intellectual property. The exception...

I've considered that also. I happen to have a University nearby which I think are pretty big on programming. Regardless, in my own experience, graduates don't really know much at all, but I figure programming might be different. Were you happy about what you got this way?

Not really interested in paying per hour. For the modifications I'm considering, I'd be willing to pay $200-300, I guess. Rewriting the entire application including changes, I'd be willing to pay $3000 or so. How is that possible? Not quite sure how I'd proceed to do that. The good thing...

It's interesting to see the reference to brain surgery. I'm sure very few rational people expect to be brain surgeons from studying Amazon books in their pastime and most people have a huge amount of respect with regards to that profession and what it takes to reach such a level. Why then do so...

Hi all, Would anyone here have any experience hiring a programmer to create trading applications? Any advice on how to proceed? Where would I find one? Long story short, I used a company I found on Guru many years back now. This was a start up company and I was very happy then since they...

+ 12 points and counting. :)

Buy the Open.

Don't think so highly of yourself. I was responding to the quoted article. :)

General and vague.

I think learning to day trade on your own as a retail trader is pretty close to impossible for most people. The biggest obstacle is that you ain't going to find the information you need to be a succesful trader publicly available. Well, some of it might, but it sure as hell ain't spelled out in...

No interest in these types of books here? I discovered that Harris has a free follow up book updated with stuff on electronic markets, so I'm currently enjoying that one.