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Price action isn't the same every day nor from one hour to the next hour. For example, one day you may have 3 valid setups and the next day you have 7 valid setups...markets always changing. To me, seemed obvious I needed to adjust the chart configurations (not the settings) to specific types...

You can backtest to determine which time frame is suitable for your trade method. Thus, you then take the voodoo out of the picture. Yet, if you've found something (time frame) that works for you...no need to fiddle around with the backtesting. Anyways, I've seen traders do what you mention in...

You don't need to know how to program to do backtesting. It can be manually done but you need access to historical charting/data to be able to do such. Actually, you'll still need access to historical charting/data even if you were using codes to backtest your trade method to determine the...

After you've done your backtesting to determine which time frame to use for your trade method... There's something else just as important that most don't talk about. Its the "chart configuration" on your monitors that too has an impact on your trade results and health (back, neck, eyes)...

She's like a real Indiana Jones in the way she steals something and then replace it with a fake to fool all those boobie traps. :D

https://www.elitetrader.com/et/threads/why-is-trading-so-difficult.320939/page-2#post-4652129

Based upon the dozens and dozens of threads at this forum about that specific topic involving the word "edge"...I'm a little surprise you don't just review those threads that everybody gave their opinion about the definition, explanation, debates, arguments and personal attacks involving the...

I agree with Frederick and he's simply saying don't ignore the other variables that's causing the price action in a way that you're putting the emphasis only on the single candlestick interval. Too any people ignore the other reasons including the context involved in the price action and...

Just backtest those single intervals in comparison to the backtest results in whatever you define as "context". Even better...document & journal them but I doubt its possible for you considering you already have a bias about them. If you've already backtested them...I'm curious what your...

Yeah...the phrase "pattern" is used too loosely around here. Bar refers to "bar charts". I don't use them...I prefer candlestick charts. By the way, the forum owner setup "follow this forum" (bottom right side)...it sends out alerts of new threads in this forum if you subscribe to it. I...

Worthless via backtest results ??? Worthless via just eyeballing it ??? Worthless because you just can't get it to make you any money ??? For what its worth, the title of your thread refer to the hang man & doi as a "candlestick pattern". They are not a pattern as pointed out by others...

You should only use a demo/simulator via the same trading platform of your broker that you would use had you been real money trading. Switching back n forth between different trading platforms from demo to real money can cause anxiety...not good for you when you need to make "trade decisions"...

Easiest way to "trust any techinique" is to backtest it and you'll quickly learn that a technique that has positive backtest results... You'll believe in it and you'll have LESS discipline problems in application of the technique. Just as importantly, you'll understand its draw periods and...

Backtest Trade Method ---> Simulator Trading w/ Documenting & Journaling ---> Real Money Trading w/ Documenting & Journaling If your the type that can self-help your own trading...a private trade journal is suitable. In contrast, if you find yourself asking a lot of questions about trading or...

Some traders make the mistake in simulator trading via not documenting & journaling the simulator trades. Resulting you not having anything to remember as in no feedback to help you when you traverse to real money trading. Then when they move into real money trading...they really have no...

There are more vendors marketing mechanical trading systems, black box systems, robotic trading sytems or magic pill when the system is just based upon some indicator (price moving averages are an indicator out of hundreds or thousands). That's the reason why many navigate towards such because...

In today's Amazon environment...I suspect threads like this when its so easy to reseach books on Amazon as a starting point along with getting customer reviews plus "verified" reviews of those that have actually purchased a particular book without the arguments and mud slinging one would see...

Unfortunately, if a long time member leaves without an explanation...I assume the worst...health related and because of such...not able to post only via personal experience. :(

He did not blow up. Other's started a rumor that he blew up and I suspect he briefly returned to the forum to explain everything is ok and living well. This forum has a nasty happy of trying to start rumors about a trader when that trader leaves the forum. Worst, sometimes the moderators and...

Its very simple and really doesn't need any further discussion or questions. Take any book you get on chart reading...backtest it via your trading style. None of these books are designed to teach you how to trade. They are only teaching the chart reading if you get a book about chart reading...