Ghost of If You Can Draw A Straight Line

[trip]

Can you show us a backtest of your method? Just the perf output, not the inputs. This stuff would be very difficult to test.

It's actually not very difficult to test at all. There might be nuances you'll have to decide on and keep constant, that's all. Give it a go.

 

[tradingjournals]

If the lines are going down it essentially says, short at the upper line with estimated profit area at the lower line. What should one do once it is at the lower line (in a down trend), like what it seems to be at the present time on the nice 5-hour chart posted by a very good writer in a previous page. (nice and very good are genuine compliments to the poster).

 

[Redneck]

It's actually not very difficult to test at all. There might be nuances you'll have to decide on and keep constant, that's all. Give it a go.

First – respect to DB & Crew

Trading PA – I’ve never found a way to “accurately” back test it – it was trial by fire – and spending a lot of time in front of a chart watching it unfold / being created

It’s why a static chart is dead to me

And why I don’t place any importance on back testing

If you can make it work – more power to ya - I couldn't


Nothing is constant - and the nuances are what one sees as PA unfolds - a static chart covers these up imo

Not wanting to start a bitch fest - just stating what worked / works for me

RN

 

[tradingjournals]

Could you perhaps provide some more information concerning what you believe it did differently today and yesterday afternoon than in other sessions? Perhaps you are referring to the rate at which the declines are increasing in extent and decreasing in duration while the advances are decreasing in extent?

View attachment 145278

As for migration into other indices, I couldn't really comment in any sort of educated manner.

I like this chart very much that I have further questions. I want to better understand the dynamics of the up and down swings between the lines. Could we share observations?

 

[dbphoenix]

I like this chart very much that I have further questions. I want to better understand the dynamics of the up and down swings between the lines. Could we share observations?

It would be a lot easier for you to make observations and share them if you were to read the material.

You could start by characterizing your market: Appendix E.

 

[Redneck]

What should one do once it is at the lower line (in a down trend),.

Read it real time and look for either a pull back or continuation - each has a distinctive foot print


Blanket rules don't apply - PA is continuously evolving - so too must the trader

RN

 

[Clint]

definitely confirmed a break of our 2013 bull market...had to happen sometime

 

[dbphoenix]

Not wanting to start a bitch fest - just stating what worked / works for me

RN

Unfortunately, those who forego backtesting and forwardtesting in the belief that if they can just keep plugging away in simtrading long enough it will all just come together can spend years trying.

A static chart is not at all "dead" to me because I can see how it was created. And forwardtests are done in replay, which is hardly static. As for testing this particular approach, it takes about a week. But those who would rather start from scratch are, as I said, welcome to do so. That is after all what journals are for.

 

[Redneck]

Unfortunately, those who forego backtesting and forwardtesting in the belief that if they can just keep plugging away in simtrading long enough it will all just come together can spend years trying.

A static chart is not at all "dead" to me because I can see how it was created. And forwardtests are done in replay, which is hardly static. As for testing this particular approach, it takes about a week. But those who would rather start from scratch are, as I said, welcome to do so. That is after all what journals are for.

One size does not fit all - never has

And I'll put my real time PA reading skills up against anyone (I do every day)

RN

 

[dbphoenix]

One size does not fit all - never has

And I'll put my real time PA reading skills up against anyone (I do every day)

RN

Who said one size fits all? The SLA is an option for those who've been at this for years and still can't attain consistent profitability.

As for RT PA reading skills, comparing one's skills with another's is only one consideration. Another is how long it took each trader to achieve competence.