Search results

what's the appeal of Brooks (unverified) over verifiable analysis?

I don't think that retail traders can't make money. Plenty can. Most just have no clue how markets actually function and work, because they are learning how to trade from non-experts gurus. I put together a basic primer for people to get foundational knowledge from real sources, not some shady...

oh I'm about as far away from PTJ as you are from me.

CMT is arguably useless. If you really want to be a master at technicals, my recommendation is to pick up python or r so you can run tests. A few years ago, I was working at a fund that was testing momentum strategies. Some of the team (led by phd's) built an AI model that would find patterns...

it's a hunch. what proof do you have that al brooks is actually a successful trader? He's been asked to release his trading history but refuses to do so.

Most of the time, what you are seeing as a failing breakout, is actually a marginal change in volume. This happens due to a variety of factors, but primarily the incremental change in flow. No one except small money is trading 5 minute charts. Two weeks ago I bought $17MM of a security within 30...

easy there bud, we're just having a discussion. prices that you see on your fx chart follow a stochastic process within complex linear themes (which are exploitable). i used to sit on the fx & rates desk and traded interbank and against fast money -- trying to use charts as the sole basis of...

what is your basis for this claim? how is it 70% to 75% of the time? a fast bear algo was selling? how are you inferring this lol

cool you fell for my trick question. the chart you are seeing is the result of a random number generator. it is Brownian motion. you are fooled by randomness.

actually a misquote -- Buffet said "if the markets were always efficient". No one is saying markets are perfectly efficient. Semi-strong form efficiency is exactly what buffet preaches (as does literally every active manager).

No it didn't :p The world was brutal and violent before the concept of credo boosted Italian cities and expanded the GDP potential. In most of the old days, the strong took from the weak and kept them enslaved via serfdom, outright slavery, or personal debt.

Agreed -- which is why we know it is a factor but we don't know the importance (weight) of the factor, nor have we done a qualitative analysis of different scenarios (central bank rate decisions). Hence the use of statistical models -- rolling regressions, correlations, and PCE to help us...

have you read this thread or the other ones by padu?

@volpri @padutrader what's going on in these charts?

It’s a good start.

Follow up on this: Economic differentials -- use PMI spread as a starting point (note, you may need to tweak/make adjustments based upon the type of economies you are dealing with). E.g. PMI of country A - PMI of country B. - More advanced technique would be observing z-score and relative...

yes it is risky. you are paying the bid/ask spread on a random coin flip, which means the trade has a negative skew (the more you trade the more you lose). having an edge can give you a positive skew, but you cannot get an edge from public information because it is already priced in. for...

Nope. Put it simply, investors who are qualified to pay performance fees aren't looking for fund managers using these types of competitions. Investors are more interested in managers who have a repeatable process, strong risk management, and transparency. Minervini, and other traders like him...

there's no incentive because of the conflict of interest. you are paying zadeh.

:banghead: