How can one improve at Recognizing Patterns?

[Chubbly]

If you say so

Though I have the PNLs to back it up - You


BTW

I gave fon (surf) the chance to trade heads up few weeks back - he chickened out - like the chickenshit he is

=======================

Said you were leaving - don't turn into a liar



RN

I made some posts challenging people to think outside the T.A box. I am a successful trader and I shared some insights of how I got here and immediately the trolls jumped all over me. The way I became successful is different than they way most people here think.
The only reason I gave my insights was because @Levels asked me to
http://www.elitetrader.com/et/index.php?threads/from-5k-to-50k.297636/page-9#post-4241990

I always liked this quote it sums up the level of most people here (no, I am not a trend follower trader, I trade derivatives which I hold 30-365 days)

“I always say that you could publish my trading rules in the newspaper and no one would follow them. The key is consistency and discipline. Almost anybody can make up a list of rules that are 80% as good as what we taught our people. What they couldn’t do is give them the confidence to stick to those rules.” –Richard Dennis: Founder

This is why I didn't publish rules to any system but instead gave people things to think about.

That forex exercise was given to me by a successful floor trader many years ago. He truly was an Elite Trader. He would often be given a book of positions that was crap because they fired a guy and he would inherit the book because he was the firms best trader.
It is just an exercise like how a basketball player practices free throws

Before the trolls jump on me again leaving "you suck" level of intelligence posts, ask yourself, did you make consistent good money in 2015, 2014, 2013, 2012, 2011 etc....
I did.....
Did you quit your job and trade full time and have enough money that you can support your family for generations to come
I did.....

 

[Chubbly]

Beginning to think you are too dense to be a trader - successful or otherwise



You leaving..., or reverting to liar

We comparing PNLs - or bullshitting around

RN

I already posted one of systems with all trades for the past 11 years. I already said I don't day trade, so you can watch me trade but it will be like watching the changing of the seasons with trade times on avg of 90 days
This is one of my worst systems which is why I posted it. I am not giving away the good ones as you can deduce what I am doing in this post if you are smart enough
http://www.elitetrader.com/et/index...ions-system-sys13.297294/page-10#post-4235027

Better to be a liar than a racist

 

[brisvegas]

LOL i made some suggestions in how to recognise patterns with ' more accuracy ' and what ' my ' acceptable levels of pattern success rates are and BOOM ... a heap of assumptions and challenges to reveal things that have taken years to develop to satisfy some trolls ego .... next thing i will be labelled a liar and chicken for not revealing the ' holy grail ' ... grabbing the popcorn and settling back for the entertainment ... suggest read a couple line in 90% dters fail ... i know my stuff and i wont hand it out boxed and packaged to any loudmouth in here ... beer and popcorn on hand ... ;-)

OH and its all coming back to me why i havent been here for years ... some things never change .... progressive debate impossible ;-)

 

[wrbtrader]

The Flipper uses chart analysis?? Maybe he did a long time ago but markets have changed since those simple days.

He admits these changes and now only trades long term. Why don't you and the other TA 'rs admit it??

You and some of the others are stuck in the past. As rotter states-- you must adapt to survive!

https://mahifx.com/blog/an-interview-with-paul-rotter-adapting-to-survive

First of all, I'm the one here at this forum that stated he "was" a retail trader and that "used" chart analysis with other tools. That's paste tense.

I'm also the one that stated he's "now" a manager and traders work for him. That's present tense.

Ok...maybe English is your second language like it is for me but you're now fabricating (lying) as if I stated or implied he's still trading the way he did in the past.

Lets see if you're good at your English. I know for fact that Paul Rotter still uses (present tense) charts for his trade decisions and investment decisions with other tools ? Do you consider chart analysis a form of technical analysis ?

I ask the above question because I've recently met several TA bashers that do not consider chart analysis as a form of technical analysis and I was wondering if you're part of that group of retail traders that believes such.

Lets talk more about the present considering you attempted to fabricate that I (me) was stuck in the past.

1) Marty Swartz still uses TA with other trading tools. He's still kind'uv big into price moving averages. Do you think price moving averages is a form of TA ?

2) Do you know who Paul Tudor Jones is and did you know he found the Tudor Investment Corporation (a private asset fund) ? Simply, he's a hedge fund manager.

Do you know what he used in the past and what he uses today and do you know what some of his top traders are using ?

I believe he recently purchased 71 million dollar mansion in Palm Beach Florida called the Casa Apava.

I can name a dozen more famous traders, private traders, hedge fund managers that use TA but why should I with people like you that don't understand that people use TA but it ain't the only thing they're using.

P.S. My favorite TA user is one of the top institutional traders at Credit Suisse that has won several awards for his trading and he still uses such today (that's present tense). It's rumored that he's going to quit and become a hedge fund manager. I'll let you do some homework and figure out whom that may be.

P.S.S. I'm not the one that pretends the above people don't exist. That's what you do. Yet, I'm on record in stating many times at this forum that those profitably using TA...it ain't the only thing they're using and not the most important thing they're using.

You can now twist the above into any fabrication of lies you want. You're now on my ignore list for your attempt to fabricate something I didn't say nor implied.

.

 

[brisvegas]

To make a pattern binary we need to make a flow chart of criteria to define and validate a pattern . What is measurable outside price and time , its a reasonably short list fwiw , once we have the list we question the parameters of the quantifiables to determine is the pattern validated .. Using statistical analysis of parameters that are met and validated we can now assign a probability to said pattern ... here is our edge ... it isnt easy and you need to be intelligent and tenacious . This is why Quants are the best traders , thinking is not optional . Good luck

If you cant ' measure ' it you are going to be hard pressed to improve it


As wrbtrader alludes to above if you wont to be Elite at anything you need to follow in the footsteps of the miniscule amount of people who actually do it ... If you say you ' cant ' do it you will never do it but rest assured i've had many over the years tell me what i have endeavoured to acheive is ' impossible ' ... i laugh at these people today

 

[Chubbly]

I already posted one of systems with all trades for the past 11 years. I already said I don't day trade, so you can watch me trade but it will be like watching the changing of the seasons with trade times on avg of 90 days
This is one of my worst systems which is why I posted it. I am not giving away the good ones as you can deduce what I am doing in this post if you are smart enough
http://www.elitetrader.com/et/index...ions-system-sys13.297294/page-10#post-4235027

Well, I guess that shut up Redneck with his PNL challenge... LOL!!!

Take a close look, this is only trading a 1 lot and not scaling up I take 10 K to 200 K in 11 years in a fully automated system.
In reality I would have scaled up to 2,3, 4, 5.... lots so the end result PNL is actually much, much, much higher.
Look at the entry dates, this system enters on random dates that are the first week of the month, absolutely no TA.
In reality I know I can trade versions of this with different parameters across multiple frames and multiple instruments and this is by far not my best system.

You see Redneck there are people out there who truly are Elite Traders
Like I said, I spent 3 years full time doing research before doing 1 live trade. I am PhD programmer and mathematician by trade, I know how to do research.

You have 5000 posts on a forum, you know how to do that I guess
Anyway, I thought I would come on this site and help a few people but in response I get trolls like Redneck using profanity and challenging me to trading duels.

I make money day in, day out, year in , year out.......

 

[Chubbly]

Don't forget - liar..., bullshitter..., troll - and very insecure

=========================


Hardly..., waiting on actual PNLs - not back tested hypothetical results


RN

I run automated systems. So the results of any PNL challenge are no different from what I posted.
So I have actually already accepted your challenge and posted 11 years of results

I make money day in, day out, year in , year out.......

 

[brisvegas]

This thread gone majorly of topic and i tentatively say this , backtested results with around 25% drawdowns with no real concrete CNAR are no proof of anything tangible , Just an observation , dont take it personally , i do not want to get involved in any flame wars , in fact seeing as almost every post in now an ego pumping troll my time in here is done ...... PATTERNS is the topic people

 

[Buck95]

P.S. My favorite TA user is one of the top institutional traders at Credit Suisse that has won several awards for his trading and he still uses such today (that's present tense). It's rumored that he's going to quit and become a hedge fund manager. I'll let you do some homework and figure out whom that may be.

Could it be... David Sneddon Global Head of Technical Analysis, Credit Suisse.

I know he's won trading awards in the past for his TA work.

-Al

 

[lawrence-lugar]

Just stare and observe and study one thing -- and you will magically improve.
(don't get lost and confused in all of the clutter out there.)