I think I've got some 'leads' to an edge for trading (I only look at commodities and ES).
I'm wondering if there is some place I can pay to learn how to backtest, as I have no coding/SQL or any of that experience.
Right now the edge I believe I have definitely is not an intraday kind of thing but more so an 'it's bound to go in-the-money eventually, and I just need to keep constraining to get down a maximized risk/reward'. For instance, on silver chart, it printed not too long ago on the weekly a very bullish hammer candle with a long tail wick. Looking at chart history and doing rudimentary backtesting, I can see that every time such a candle printed (on the weekly but also this should translate to other timeframe charts) with a long wick, eventually it had a 'sizable' move in the direction one would think (down if it was a bearish wick with long high side). Not every time, of course, but in general very high likelihood. I also noticed on silver just using Investing.com that every time it got on a run of 5 or 6 straight green candles on the daily, it went relatively soon to test the 200 and other important MA lines. That just happened with silver obviously yesterday. I also had tons of conviction because I just look at the inflation that's been created and think this is market makers and the London fixers trying to get the weak longs out of PMs with this major run down to keep the Potemkin stock mkt village propped up.
I also like integrating long term (25 yr or so even) charts and drawing the trend lines that most broadly encapsulate, and if it is say a ton of % away from the high side of a downtrend line, and close to the support, looking to just get long and be willing to sit in a position (this is VERY long term trading--it can be anyway- as coffee recently offered this opportunity and would have worked out great already) but I still see it as just a keep it simple stupid kind of way to look at trading. Yes it could take very long, but I'm willing to wait. Same with say buying SH or some inverse ETF on ES and just waiting to be ITM sizably eventually as rarely does ES blitz through so high without having retracements back through an area, and you can wait for when it does get overextended via numerous measures like RSI, etc.
Just wondering how hard it is to learn to code and I'd like to get a signal that alerts me of such optimal setups, and I'm sure this could translate to say 5 min or hourly charts. These strategies are pretty unrefined as I described, and could require taking some heat, but I would use constraints and something like SOLVER on Excel to maximize the right risk/reward and have a good exit point versus the other thing I was mentioning where i just stay long and eventually I'll be ITM (dare it to do something extreme).
I'm wondering if there is some place I can pay to learn how to backtest, as I have no coding/SQL or any of that experience.
Right now the edge I believe I have definitely is not an intraday kind of thing but more so an 'it's bound to go in-the-money eventually, and I just need to keep constraining to get down a maximized risk/reward'. For instance, on silver chart, it printed not too long ago on the weekly a very bullish hammer candle with a long tail wick. Looking at chart history and doing rudimentary backtesting, I can see that every time such a candle printed (on the weekly but also this should translate to other timeframe charts) with a long wick, eventually it had a 'sizable' move in the direction one would think (down if it was a bearish wick with long high side). Not every time, of course, but in general very high likelihood. I also noticed on silver just using Investing.com that every time it got on a run of 5 or 6 straight green candles on the daily, it went relatively soon to test the 200 and other important MA lines. That just happened with silver obviously yesterday. I also had tons of conviction because I just look at the inflation that's been created and think this is market makers and the London fixers trying to get the weak longs out of PMs with this major run down to keep the Potemkin stock mkt village propped up.
I also like integrating long term (25 yr or so even) charts and drawing the trend lines that most broadly encapsulate, and if it is say a ton of % away from the high side of a downtrend line, and close to the support, looking to just get long and be willing to sit in a position (this is VERY long term trading--it can be anyway- as coffee recently offered this opportunity and would have worked out great already) but I still see it as just a keep it simple stupid kind of way to look at trading. Yes it could take very long, but I'm willing to wait. Same with say buying SH or some inverse ETF on ES and just waiting to be ITM sizably eventually as rarely does ES blitz through so high without having retracements back through an area, and you can wait for when it does get overextended via numerous measures like RSI, etc.
Just wondering how hard it is to learn to code and I'd like to get a signal that alerts me of such optimal setups, and I'm sure this could translate to say 5 min or hourly charts. These strategies are pretty unrefined as I described, and could require taking some heat, but I would use constraints and something like SOLVER on Excel to maximize the right risk/reward and have a good exit point versus the other thing I was mentioning where i just stay long and eventually I'll be ITM (dare it to do something extreme).
