Are you good at price action and technical analysis?

[easymon1]

Can you break that down into:
- what data do you need
- to make a prediction about where the stock will go

if you’re saying that you can’t predict the price then just let me know. Thanks.

Did you not see this statement

...and BTW, it is not predictive, it is a simply matter of probabity. Which Stats disclose.

Noobs fall prey to the idea that any single trade is successful judged by that one result.
Not true, prediction-breath, nooo.
It is the net result of a signifigant collection of accurately executed benchmarked setup and trigger combos that determine if the system is operating as shown previously to do during testing. Was it Solomon that said: "Predicting is for paupers. Reacting is for Kangs."
You wanna predict and guess, join the carnival, lol.

 

[longandshort]

OP is not a trader. He advises. A CTA, CFP or some such.

Huh? What would you call a fund manager?

 

[longandshort]

Did you not see this statement


Noobs fall prey to the idea that any single trade is successful judged by that one result.
Not true, prediction-breath, nooo.
It is the net result of a signifigant collection of accurately executed benchmarked setup and trigger combos that determine if the system is operating as shown previously to do during testing. Was it Solomon that said: "Predicting is for paupers. Reacting is for Kangs."
You wanna predict and guess, join the carnival, lol.

High probability is predictive lol. If something occurs with 100% frequency you can bet it will occur next.

 

[Frederick Foresight]

Nope.

A lot of the feedback here is from people who clearly don’t understand the scope of the survey. It’s merely testing a hypothesis that price action is useful to predict the next price. Clearly it’s not.

So does that also invalidate whatever you do since you can’t predict the next price either?

As for the rest of it, your question is off the mark and shows what I believe to be an intentional lack of insight to prove your predetermined point. But in effect, you’re implicitly just concluding that surgery is not possible because it cannot be performed with mittens. And that’s because you already have your conclusion and are framing the issue with that conclusion in mind. Did I mention something earlier about your being ham-handed?

 

[longandshort]

So does that also invalidate whatever you do since you can’t predict the next price either?

As for the rest of it, your question is off the mark. You’re essentially concluding that surgery is not possible because it cannot be performed with mittens. And that’s because you already have your conclusion and are framing the issue with that conclusion in mind.

(1) no because I’m not testing my strategy here (also I don’t claim to trade intraday charts or use price action)
(2) I’m saying the data shows that the people who claim to be able to use intraday price action are actually worse than random coin flips

if the experts in price action can’t even average random then it’s indicative that whatever approach their using is impairing their performance.

 

[easymon1]

High probability is predictive lol. If something occurs with 100% frequency you can bet it will occur next.

I see that you didn't get the memo.
Watch where you going, look out for that door frame! Ouch!
Where'd you go to school?
Did you take a statistics 101 class? They must be proud.

Never fear, there's always the carnival.
This abides...
QUOTE="easymon1, post: 5774058, member: 82119"]Did you not see this statement


Noobs fall prey to the idea that any single trade is successful judged by that one result.
Not true, prediction-breath, nooo.
It is the net result of a signifigant collection of accurately executed benchmarked setup and trigger combos that determine if the system is operating as shown previously to do during testing. Was it Solomon that said: "Predicting is for paupers. Reacting is for Kangs."
You wanna predict and guess, join the carnival, lol.[/QUOTE]

 

[easymon1]

[

(1) no because I’m not testing my strategy here (also I don’t claim to trade intraday charts or use price action)
(2) I’m saying the data shows that the people who claim to be able to use intraday price action are actually worse than random coin flips

if the experts in price action can’t even average random then it’s indicative that whatever approach their using is impairing their performance.

Are you saying that all people claiming "to be able to use intraday price action" actually are able to and can be classified as "experts". Hornswaggle, lol.
If this is an indictment of Price Action Trading, please tell us more about that aspect.

 

[Frederick Foresight]

(1) no because I’m not testing my strategy here (also I don’t claim to trade intraday charts or use price action)
(2) I’m saying the data shows that the people who claim to be able to use intraday price action are actually worse than random coin flips

if the experts in price action can’t even average random then it’s indicative that whatever approach their using is impairing their performance.

Your question is uninspired; your intention is clear. It’s been fun.

 

[longandshort]

I see that you didn't get the memo.
Watch where you going, look out for that door frame! Ouch!
Where'd you go to school?
Did you take a statistics 101 class? They must be proud.

View attachment 307987
Never fear, there's always the carnival.
This abides...
QUOTE="easymon1, post: 5774058, member: 82119"]Did you not see this statement


Noobs fall prey to the idea that any single trade is successful judged by that one result.
Not true, prediction-breath, nooo.
It is the net result of a signifigant collection of accurately executed benchmarked setup and trigger combos that determine if the system is operating as shown previously to do during testing. Was it Solomon that said: "Predicting is for paupers. Reacting is for Kangs."
You wanna predict and guess, join the carnival, lol.

[/QUOTE]
You’re getting lost in semantics.

If you say: “there’s an 80% chance rain will occur” it doesn’t not mean rain will occur at 100% — correct

but if you know that there is an 80% chance of rain, you will carry an umbrella. This is the scope of “prediction” I’m talking about — so if you see a setup with an 80% prob of a good outcome, you’ll take it even though you understand the risk of it not occurring.

 

[easymon1]

You’re [/QUOTE]
You are off in the weeds and desperate, lol.

Redeem this mess with a dose of reality, lol.
Read some, it won't kill ya...
predictability vs probability
https://www.dogpile.com/serp?q=predictability+vs+probability

Noobs fall prey to the idea that any single trade is successful judged by that one result.
Not true, prediction-breath, nooo.
It is the net result of a signifigant collection of accurately executed benchmarked setup and trigger combos that determine if the system is operating as shown previously to do during testing. Was it Solomon that said: "Predicting is for paupers. Reacting is for Kangs."
You wanna predict and guess, join the carnival, lol.