quantitative approach

[victorycountry]

I am telling you that you guys have been taught wrong...
I am doing research on patterns and price and volume relationship with intraday data
Candle patterns on different time frame have different meaning...
For example, on 1 minute timeframe , inverse bullish hammer at the end of uptrend does not indicate bearish sentiment at all, thus it is not a good place to initiate a short position at all. Rather, it's a good sign of bullish rocket. Neither bullish nor bearish engulf indicate the sentiment that candle chart book tells you.
It's all wrong. You have to do research otherwise you will not have a chance to survive in the market

 

[doggyfx]

I am telling you that you guys have been taught wrong...
I am doing research on patterns and price and volume relationship with intraday data
Candle patterns on different time frame have different meaning...
For example, on 1 minute timeframe , inverse bullish hammer at the end of uptrend does not indicate bearish sentiment at all, thus it is not a good place to initiate a short position at all. Rather, it's a good sign of bullish rocket. Neither bullish nor bearish engulf indicate the sentiment that candle chart book tells you.
It's all wrong. You have to do research otherwise you will not have a chance to survive in the market

Proofs?
Do you have clear and coherent explanation why patterns are fundamentally ground and can tell you something about future movement?
History testing? Come on, we all know its all about probabilities, positive math expectations of the game and dispersion if you want to survive in the long-run.
Just my two cents.

 

[K-Pia]

Proofs?
Do you have clear and coherent explanation why patterns are fundamentally ground and can tell you something about future movement?
History testing? Come on, we all know its all about probabilities, positive math expectations of the game and dispersion if you want to survive in the long-run.
Just my two cents.

It's flawed until proven otherwise.
Plus you don't need a coherent explanation,
You just need to run a backtest and see the outputs.
Of course, it's his backtests. They're maybe flawed or peculiar.
But he's on the right track -> To test conjecture with experiments.
While you're still looking for theory ... Experience is to be preferred to theory,
And theory to be accepted only when it agrees with observations.
Sure probability and statistics have their role to play.
But they're more than abstract concepts.
You got to get your hands dirty,
To make them meaningful.

 

[victorycountry]

Proofs?
Do you have clear and coherent explanation why patterns are fundamentally ground and can tell you something about future movement?
History testing? Come on, we all know its all about probabilities, positive math expectations of the game and dispersion if you want to survive in the long-run.
Just my two cents.

I don't know how much you know about probability or whether you actually understand what it implies ... I don't know whether you have ever done proper research ... but I know if you don't do research , you will never make a consistently profitable trader. But thanks for your two cents ...

 

[ETcallhome]

I don't know how much you know about probability or whether you actually understand what it implies ... I don't know whether you have ever done proper research ... but I know if you don't do research , you will never make a consistently profitable trader. But thanks for your two cents ...

how long have you been a consistently profitable trader?

 

[K-Pia]

how long have you been a consistently profitable trader?

Who told you he is ?

 

[syswizard]

For example, on 1 minute timeframe

Have you tried a different measure...i.e. Tick bars instead of Time bars ?

 

[victorycountry]

how long have you been a consistently profitable trader?

I am still trying to improve my trading skill but that will be my ultimate goal
Cos I am an academic researcher, it's not so difficult to do some personal research. Although I am at my initial stage of my research, some of the results were statistically significant at 1%. So yesterday I finally incorporated my finding into my strategy and I was very surprised with its accuracy in return and volume prediction.

 

[victorycountry]

Have you tried a different measure...i.e. Tick bars instead of Time bars ?

I remember that nodoji who was once very active ET member, mentioned tick bars...but I have no idea about tick bars and how to trade using tick bars. I have only downloaded intraday data from Thomson Resuters tick history.

 

[ETcallhome]

I am still trying to improve my trading skill but that will be my ultimate goal
Cos I am an academic researcher, it's not so difficult to do some personal research. Although I am at my initial stage of my research, some of the results were statistically significant at 1%. So yesterday I finally incorporated my finding into my strategy and I was very surprised with its accuracy in return and volume prediction.

yep, those academic researchers sure do make big money trading.