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How difficult would it be to automate a strategy based on candle recognition? I have fairly good knowledge with C# but never touched C++. I would like to start simple, give me a signal event when 8 tick bar prints. Where is a good place to start learning how to do this? Is there a repository of...

I really dont know what your POV is. Your opinion seems to be all over the show. Can you put some charts up and explain what a trend is? Im especially interested to learn how it goes from nothing to a trend .... in a single bar.

Just wondering, are you trading full time?

The unirenko one is not a bad idea but something Ive learnt is the faster the setting the quicker those bars appear, so you might get a reversal signal but price will instantly be a few bars into the reversal before you can react. Useless in a quick market so you need to use a larger bar size...

Interesting. Does the share market work the same as futures market? I can buy and sell on the same day if I wish? And lets say I want to buy a share of company X at $20 then how does that work with regards to margin requirements if I intend to hold for the long term (months)? If I put up $20 for...

Gotta have deep pockets to hold multiple instruments overnight. I dont have deep pockets unfortunately so have to get used to surviving down in the pits of anarchy and mayhem.

So you swing trade on pure technical analysis with no other influence on your decision making?Just charts and presumably correlations to other things? When I first started looking at gold I was always trying to gauge market sentiment to explain its movements until I realised it is a complete...

Its not the high speed bots that worry me. The collective identity of these bots still falls within the rules of fractal recurrence. AI worries me.

Why do you say that? Top of a range with a rejection candle forming? 1200 looks like a decent round number target. Only thing I dont like the look of is that price is currently exactly at the 50% retracement between those 2 prior swing high and low points.I stay away from that pattern - even...

Never heard of that but Im going to look into it. Ive been relying on my own bastardised version of Wyckoff accumulation/distribution patterns. I like your simple approach - if I had the balls to swing trade I would.

Just clarify something for me, you're asking for advice from 'other experienced discretionary traders' and when they point something out, you disagree and proceed to tell them what makes a good trader. I agree with @Traderjohnsblog . If you are unable to stick to your plan then you are making...

How?

Except when there isn't. Try figuring out this turd burgler.

I agree with what you say about opportunities. Something I dont get is how traders can sit and watch the treasuries or Bobl or Shatz - especially those that trade purely off the ladder. I tried once and I very nearly came out of that experience completely cracked. I need something with life that...

Thanks CALLumbus, so you chart with Sierra and execute through trading technologies? Whos your broker?

Wow thanks for sharing that. 0.2 per round trip! Do you mind if I ask what your setup is? Im with IB and I use Sierra charts. I would like to investigate this further for sure.

Im guilty of using the term 'scalper' with reckless abandon when I really have no idea what the definition is. Sometimes my trades are seconds, sometimes minutes, sometimes hours. Never days though so I guess by @bone definition I am not a trend trader. Im not concerned identifying and...

He did say that 'If you have to be flat at each Trading session close, you are NOT a legitimate TREND trader.' Our definition of something only becomes relevant when we place it in contrast to something else. I can call him a scalper if I measure his definition against the decade chart.

Just because you define a trend by time doesn’t make anyone elses interpretation of a trend meaningless. A trend on a monthly chart is simply a retracement or correction on the decade chart. A trend on a Daily chart is simply a retracement or correction on the monthly chart. A trend on an...

Looking good on the gold front...