Hi Daal,
First of all, we actually share the same views on a
few things you've said. Here's what we share...
...all the money management, discipline, stress management in the world cant make you a winner if you cant count cards
Agree but to be a consistent winner in card games you need more than just having the ability to count cards.
...That same is true in trading, you can be the budha of taking signals if you are not trading something with an edge you will go broke
Agree. However, you seem to continue ignoring this one important aspect about
my own trading...my trade method has an edge but it's not my most important edge.
Simply, my trading plan (all the pieces in the puzzle working together which includes my trade signals) is much more important than my trade method alone.
Hopefully you understand that very simple paragraph above but I'm not going to bet on it that you do.
...Steve Nison japanese junk was tested and "Of 15 patterns, 4 came up with results in the direction of traditional candlestick interpretations. None of the patterns was statistically significant at the usual 1-in-20 levels typically used by researchers as the minimum cutoff for determining whether the phenomenon was consistent with mere chance variations. Our tests thus failed to verify the validity of Japanese candlestick analysis
Agree. In fact, I've discussed at least a dozen times about Steve Nison candlestick patterns not being reliable here at EliteTrader.com in the past years. In fact, if I'm not mistaken, you participated in one of those thread discussions several years ago.
However, I don't use Steve Nison candlestick patterns. Instead, I use my own custom designed candlestick patterns.
...But of course you will say one needs discretion trading patterns, funny how it always comes down to something that can't be tested.
Please refraim from making any assumptions or predictions about what I will say or do...not cool and for you to do that makes you look like a troll.
Further, you requested access to one particular trade pattern I use and now you say the following...
...I did not read that thread you posted because its too huge.
Ok...so you don't want to test the objective rules outlined in that thread. Why? What are you afraid of finding out.
Now your asking a completely different question that had nothing to do with your original request.
...post the link of the page where someone tested your magical japanese junk, show us how many years worth of data is that based on, what is the likelyhood the results were just random noise, profit factors, etc...
Get off your
lazy butt and do the test yourself...you don't need to see my own personal test results especially with your obvious bias. Thus, read the thread then take the objective rules and test it on any of the trading instuments I discussed in that thread (not stocks) you
troll because I'm not going to hand anything to you on a silver platter with
your inability to be objective. In fact, I'm a strong believer that the worst quants, backtesters and traders are the ones that don't know how to be objective.
Summary...we actually do agree on a few things as noted above but you won't know it because you don't take the time to read my posts.
As a reminder, my trade strategies have an edge but they are not the sole reason why I'm profitable. I'm profitable because my
trading plan has an edge and if you've played any team sports you may understand what I'm about to say...
Pretend you're a good quarterback (a.k.a. trade method)...you still may lose all your football games if your teammates (money management, discipline, proper capitalization, stress management, proper trading platform, proper trading environment et cetera) suck or don't do their job (a.k.a. trading plan). However, like I said, our opinion differ about that critical concept because you seem to think a good quarterback will overcome (compensate) to win football games when everybody else on the offense or defense doesn't do their job.
P.S. My data vendor (Qcharts and FutureSource of Esignal) is currently down but that shouldn't be important accordingly to you because a trade method with and edge will compensate for the fact that I currently don't have a proper trading platform at the moment...
Ahh...whatever.
Mark
