Rewind Back 15 Years

[RedDuke]

I do not expect anything from anyone. All I said that I personally could not find profitable strategy using main stream indicators. I tried various time fractals along with range bars.

I never said no one can make it work. I just stated that my research was not succesful.

Another failed attemp was 123 price action pattern.

All of the above was done on S&P for the most part.

I found edge in other aspects of price action. As far as risk, the main aspect of it is R. I risk 1 R per trade, that is it. Look up its definition if interested.

 

[padutrader]

I back tested MAs over various products and time frames, there is no edge, you will loose over certain period of time.

my edge is my experience in market movements.

i do not rely on ma totally and blindly-many times i go against them.

all indicators are tools: like a tape measure is used to measure something but the experienced do not need it; they can just use their eye and get the idea.

but there is one thing i rely upon is the oldest 'rule' which is what goes up / down will continue in that direction after a rest.....the rest, in fact, confirms the trend.

 

[padutrader]

Then it is subjective, not my cup of tea.

may be not your cup....but that is personal.

i could never understand how you can have rules for markets but if the market follows your rules, then it would be silly not to follow them .

i like subjectivity because that is exactly where my edge is......

 

[padutrader]

All I said that I personally could not find profitable strategy using main stream indicators.

a momentum indicator measures momentum......if you cannot find a profitable strategy using a momentum indicator,does that mean that you cannot find a profitable strategy using momentum?
Why is it that a indicator works sometimes but not others....because the indicators compares present with a fixed past period....where as the eye can compare present with the past any period .....this is a huge advantage.

i rely upon my eye to judge various thing like momentum rate of change etc.

it is far more accurate

 

[padutrader]

Another failed attemp was 123 price action pattern.

patterns occurs at various times but what makes the pattern significant is the context....meaning the recent past.

 

[padutrader]

without any market context (structure).

YOU HIT THE BULLS EYE
STRUCTURE IS CONTEXT

that is what i rely upon mainly....

can you automate context?

 

[padutrader]

Can't teach a computer experience, wisdom, that gut feeling you get from 10years of failing.

good point

sometimes there is a perfect set up.....but 25 years of experience [failing] will tell you that is exactly what is wrong with that setup:it is too good to be true.

however difficult is may be for a novice to understand that the market does,sometimes, lay traps , i know it does because i have caught not once twice but probably a 100 times!

 

[padutrader]

i did say the only indicator i used was ma but that means i do not use any other indicator.

it does not mean i use only ma to take my trading decisions

but that does not mean i am blind to other internals of the market like momentum etc

 

[destriero]

#WillTradeForFood

Are there going to be trades posted?

 

[padutrader]

long audusd at .70245