I trade Breakouts & Hammers when they meet all criteria
https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-29#post-5646944
I trade Breakouts & Hammers when they meet all criteria
Please take my quiz. I'm looking to collect data on what the average hit rate looks like for PA and technical traders:
https://forms.gle/AbLEkA56HJVxN4598
It's a basic quiz with charts... T stands for trading day. It's not super robust and is only 15 questions, but it's the start of a larger analysis I'm conducting.
Not sharing data with anyone, nor will I be spamming you. Email is to limit quiz to 1 participant. I'll publish the findings on this thread. Thank you!
Hello Laissez Faire,I took a look at your quiz. Is this your idea of technical analysis and price action?
If so, it's no wonder you don't believe it works.
You’re not asking the right question.Question: How is it possible that TA followers can become better in terms of performance when following?
If TA is all about reacting and imitating and following, how can they beat the leaders?
And what is your “hit rate” (your term), using whatever it is that you use? You know, for comparative purposes.The conclusion so far is that technical analysts/chart traders, on average, perform worse than a coin flip.![]()
To have it prepared by an actual trader.
So you’re telling me that you need more than just the price action of a stock to figure out what’s going to happen?I took a look at your quiz. Is this your idea of technical analysis and price action?
If so, it's no wonder you don't believe it works.
If all you want is to be left alone, why did you stir this shit up?Attention all ET traders.
My great grandmother with Zero education and can not even read or write, would always tell us and her kids the same thing when we start boasting about what we about to do or about to achieve. It was the same darn statement she
said over and over.
"Little old boy/girl, stop talking, I see better than I hear"
Can you guys/gals NEED to stop taking things so personally trying to prove to someone you do not even know your beliefs in trading is right and wrong?
Just trade however you feel and what makes money for you. No need to try to convince others that Price action, Technical analysis, Elliot Wave works and makes money. Who cares??
If it makes so much money, post your account statement or broker statement or something.
https://kinfo.com/leaderboard/profit
Jack , Steven Dux, my favorite: edu_trades, are not talking, they are showing.
https://kinfo.com/portfolio/19094/performance -----> Holy Grail Trader.
If you believe you want to teach someone or inspire someone, join kinfo for free and post your trades. That would be very helpful to us retail traders trying to research and work hard in peace.
Us retail traders have SO many things coming our way distracting us. Youtube, books, training, chart, losses, drawdown, emotions. Please let us work in peace and research and practice and test in peace and stop sending us in 1000 trading rabbit holes. State your trading method and proof of it working for +30 days and move on. Leave us alone please with the extra drama. We have work full time job this week and our family on our ass as well.
We are here to make money, not have long ass debates about trading theories. That is why us retail traders can not make millions of dollars, too busy trying different trading styles and getting off track.
I for one, can not tell someone else how to trade or what works, I rather prove it to them if I seriously want to help them.
I personally rather keep on coding and testing my trading ideas, and KNOW what works, instead of guessing.
I can tell you this, guessing and not testing have seriously held me back and put negative $$ in my account.
The purple arrow use to be me.
![]()
I posted on another thread one of the signals I use which has a 64% hit rate. I’ll give you a hint, it’s not rooted in technicals or price action.And what is your “hit rate” (your term), using whatever it is that you use? You know, for comparative purposes.