Prove to me that Technical Analysis Works.

can you please repeat your question?

Of the 10 trading days that you don't sit down to trade at 8:30,
what is the smallest range of times
that would include the start time for 7 of those 10 days?
e.g. you could say something like this:
Usually if I can't make it happen at 8:30,
I sit down between 9:30 and 10:30.

Whatever time range, is accurate in your case is of interest.
e.g.'between X and Y'
 
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Hello Illini Trader,

I agree with you. Well stated. Let me say this. and hope @Sprout is reading as well as he question me earlier this week with good questions. So did @easymon1 and @MacBookProHo

I believe us retail trader have more of an edge then we think we have!!

-It depends on context and what references your belief is base upon.


Our limitation is lack of resources. I would love to have 50 Ph.D computer scientist in one building, and ALL they do all day is write code and back test all the 1000 trading ideas in my head. They would have 1 job, validate Edge all day long, 365 a year.

-It depends on context. There is a plethora of free content that one can incorporate that can create definable real edge. What seems like years now, I've listened to your perspective of how this doesn't exist and that the only way to qualify an educator or mentor is through your rigid requirements. I understand that your experience of unfilled promises have create some PTSD for you.


I do not have that resource and neither do you.

-This conclusion that you have arrived at is true just for you. You are imagining that is the case for others perhaps based on anecdotal information.


I would love to read all the trading books on amazon and buy all the trading courses on the internet. I do not have time and brain power.

-You don't have to read all of them, just the best ones tested by time and recommended by those you respect. The inter-library loan program, pdfcoffee, pdfdrive, scribd, et al remove the obstacle of cost. You would have to incorporate your personal idea of integrity into your use of them. I use them to quickly scan and get a "feel" for the content and then support the author by purchasing one's that I found value.


I would love to sit in a lonely room back testing every trading idea with a chart manual, no time.

-If I had the same image in my mind, I wouldn't want to do that either. However this one statement is from my pov your blindspot and that is your relationship to time. Most whom desire to "get rich quick" or make a living from the markets come with the belief that they don't want to invest what is the most valuable thing that they can invest and that is their time.

There is no way around this, perhaps in your case this perspective might be proven wrong, anything is possible but some events are more probable than others.


So what do we have? All we have is our eyes and experience.

-Based on the prior assumptions, this is a rational conclusion. You also have an emotional compass that has been guiding you along your path of least resistance toward your goals. This is a bit woo and most left-brain dominant would discount this idea.


Our eyes is our edge. Our hope and consistency is our edge. All we can do is take our best guess and hope to get win over time.

-In "Improve Your Eyesight Naturally" by Angart. He describes an experiment with folks whom suffer from multiple personalities. They measured the eyesight of each "personality" when it became dominant. They discovered that one would have near-sightedness, another far-sightedness and a third with 20/20 vision. The CW's model of eyesight is evolving from one that is primarily anatomical to one that primarily neurological - specifically the role of neuroplasticity.

About consistency, perhaps the Army's Field Manual of Marksmanship would support your effort. Chapter IV would be of interest as well as the concept of "slow fire."

"All we can do is take our best guess and hope to get win over time."
^^^
This one decision is based upon your prior experiences and has set your trajectory. This is your destiny until you decide to change your mind. Hope is the polar opposite of despair; different sides of the same coin - iow, you can’t have one without the other.

Comments in quoted text.

https://www.lakeis.org/documents/army shooting manual.pdf


About Picasso, he was formally trained and had mastered many styles & skills prior to attaining "simplicity"

https://www.pablopicasso.org/first-communion.jsp

https://www.nga.gov/features/slideshows/picasso-the-early-years.html
 
Ok MacBook,
What was "the one big main move today" (Wed, Aug17th) that made you serious money?

My hypothesis premarket, before the opening bell, was that the overall market trend movement for the day would be down/Flat. Which it was. The market was flat overall, but dipped down temporarily.

So I bought around 10:13....and sold around 12 noon, because I assumed and expected that movement to happen and unfold,
If someone can do this daily, day in and out, capture that one move in the market...they will be a millionaire in the market quickly,
the-killings.jpg

wendell-graves.jpg

Of course, though, the Holy Grail is Knowing, or generally knowing, the future,
 
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Comments in quoted text.

https://www.lakeis.org/documents/army shooting manual.pdf


About Picasso, he was formally trained and had mastered many styles & skills prior to attaining "simplicity"

https://www.pablopicasso.org/first-communion.jsp

https://www.nga.gov/features/slideshows/picasso-the-early-years.html
Hello Sprout,

Very good write up. I will read it in detail later.

Let me make sure I make something brutally and as bluntly as humanly possible.

"What seems like years now, I've listened to your perspective of how this doesn't exist and that the only way to qualify an educator or mentor is through your rigid requirements. I understand that your experience of unfilled promises have create some PTSD for you."

#1. PTSD, LCD, RTD, YD, whatever you wanna call it. I do not have no unfilled promises from anyone, I never consulted anyone for trading help. I only invested in Al Brooks trading course cause I had $300 to invest. Never finished it, too much thinking. I just think differently when it comes to trading. I never ask someone how to trade and damn sure not learning from noone. I have the most deepest respect for @MacBookProHo . Why? Cause he knows exactly what he wants and need to do to make money trading for himself. he only believes in his way, not the crowd way.

#2. Anyone, who wants my money, they better prove to me they making real money with 3rd party audit records, first and foremost. PERIOD. This model has kept money in my pocket, and to date, I have not loss money yet. Business first, bullshit later. I be damn if another man, about to take my money, and not prove to me he/she making money, and has the thought to try to teach me. Do you know how utterly disrespectful and stupid that sounds? Just think about it. Read a trading book for hours and hours, and you have no idea the author even makes money. You learning to make money from someone who does not make money. Just think about the deep psychology in that? I am not FOOL. Fools, get scammed, not me! This is a business. Business need to produce money, not get scammed out of money. I will say it again with every fiber in my body. Trading books, and trading courses is rip offs. "I" only need a chart and prices moving back and forward. You need to think long and hard on why I wrote the last 2 sentences, do not try to object, just understand the mathematics, stats and logic of why I said it. Here is a hint for you to think about, who is making money in day trading? Just think if a trader ignored any and everything that cost to learn trading, they already won the trading business game. Think about it wisely. The more you look for help, the more you lose.

#3. Respectfully and kindly reread #2 five times in a row so it makes clear sense to you. I really really hope this makes sense to you. If not PM, and lets have a deeper discussion about it. Or just reply back to the thread.

Regarding the hope discussion, read the last message I sent to @easymon1 think mathematically and logically.

Work smarter not harder.
 
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I assume you are on Central Time? Those trade times at Eastern Time would have been a large loss.

You're another Futures guy, I see. With Options....you can bet down or up on direction, buy put or call options.
And I'm on Western, Pacific Standard Time.

The % returns on options can make futures and stock look like child's play.
 
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