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Yes. They're both wrong I think. UPDATE: Above scenario is very bullish. A more moderate scenario would be test down to approx. 139 and rebound there, though that would start challenging the lower green RTL (much less bullish = sideways+up), though would from recent 3 bars expect support to...

QQQ EOD chart. Expecting bottom in next bar (15.8) around/above 141-142, next bar after that (16.8) to stop ~144.5 before continued acceleration to upside. However, PA violating RTLs or VE bear-case would invalidate that "just-for-fun" guess. For bullcase to be intact price should establish...

ML is just having the computer making decisions based on past data, so is about automating the analysis / decision-stages using data, but with huge limitations compared to the ideas of "general purpose AI". Humans still need to prepare data, do feature-selection and maintaining process quality...

What I want is some form of risk-adjusted returns. Huge fast returns are much more subject to wild swings. It's just that if you swing below -50% or more, every successful or breakeven trader know it's much harder to regain those percentages, which is why they think in percentages and not...

Any pro-tips for us dumb ones of resources on how to understand logistics regression, or at least simple examples on how to use it in code (ie. like online linear regression examples)?

If your trade doesn't go one tick against you during your trade, that means, either: your timing is so perfect, you got a perfect fill of however much liquidity you provided, then the markets gracefully respected your order and went along just in your direction from that moment onwards, never...

I don't know Al Brook's teachings in depth, but I do recognize when someone's been putting alot of attention to price-data details, and from such people there's always something to learn IF one put the time and attention to it. Al is one of the very few who can explain bar by bar. Even if I...

It makes tremendous sense. The more validation you put into it, the more confidence you can have in your system. I lack experience with NT backtesting/optimization, as I just created my own backtester as an indicator, and later as as-hoc code together with my main indicator code. By using OHLC...

Yes, backtesting is a fundamental part of mechanical trading (not to be confused with discretionary trading). Without sound backtest results, where's the basis to make any trades using a mechanical system? Computer-systems today are dumb, so need to be calibrated to catch what you want to catch...

When you backtest, you test the past, which won't repeat exactly in the future. So forward testing is important, and also not fitting curves/pnl to the past. Not sure how to explain it simpler than that :)

Sounds simple, so is good. Whatever works for you. When you look at charts you become biased, assuming that chart will repeat itself. It will never repeat, so one need to generalize more.

Have you tried incorporating your own backtesting, ie. in a function or indicator in NT? When coding in NT I ended up abandoning 450+ individual self-coded indicator classes and just incorporating everything required in 1 indicator class at a time (except for some framework code around current...

https://www.libreoffice.org/ - for when you're tired of all the spying and "cloud" BS

Only afford crack now actually, so can only dream 'bout some blow! Get to blowjob fairly regularly tho. And this is why you get educated children!

Yeah, much better than doin' blow and hookers. Once you trade with it, can't trade without.. Higher markets, higher dosage required too. So barely breakin' even, 'cept for the 1000% trades that pay for all the losers. Man, the beach sounds nice at this point, but I gots this requiem for a dream...

If you want a career, you need education. Find out what is required and pursuit that. If you want to learn on your own, you need an income and a plan B. Or rather, daytrading will be plan B, or even F, since you need to do B, C, D and E first in order to even know in which direction to go. Do...

There's a difference between risk when assuming a trade and risk during trade. If you don't separate the two, you end up trading your pnl, which is abandoning trading rules, backtesting and sanity!

@DougStewart : Do you do review after day / week and could share this in your journal? Ie.: What did you do, how and why? What was the result? What did you feel, during and after? Were your expectations met? You need as close feedback-loop as possible in order to learn rapidly. Also you need...

Over the years I've witnessed some sad cases, people buying all the way down to the bottom, praising their stayer-skills. They hope for a rebound, not just to get out, but for the stock to advance beyond last ATH. But some stocks can lose 90-99% of their value or more (200ish -> 1). In a bear...

Damn Nice Trendline by learner2007 https://www.elitetrader.com/et/threads/the-trend-is-your-friend-the-biggest-lie-ever.295480/page-5#post-4201408