TA - the final answer...

[notagain]

BollingerBands

 

[speedo]

View attachment 240151

Very few are able to create the beauty of very high quality, while most of the folks are walking between chaos and order.

Day time : in the work (order)
After the work : few beers on the couch/sofa (chaos)

If left unchecked , chaos, with the spice of victim mentality, and populist/nationalist political ideologies, soon will turn into events like we have seen in WW2.



But chaos also leads to the ,,treasure'', in order to get it, one has to enter that realm of the unknown.
When you start learning something new, basically, you enter into that.

Interesting topic. But - out of the topic.

 

[d08]

Some humans fail to see the order in chaos....maybe most humans.

Have a family member who is a mathematician and wrote a book on chaos theory. It's ironically about the predictability of chaos.

 

[d08]

Hi db08,

Curious what additional data do you use?

Thanks

I don't really use any presently, fundamental events I've used in the past. But others might use TICK, TRIN or whichever breadth indicator.

 

[Bad_Badness]

Technical indicators are all derived from raw numbers and are mathematical equations.

The notion that TA "reductionism" is irrelevant. Sure one can show equivalency between indicators. Analogy is that all people are made of ratio of x pounds of chemicals and y water. It says nothing of the personalities nor the presentation of physical traits. The one thing it does tell you is the basic data, price, volume, is fundamental. Furthermore, indicators can be redundant. Hope that helps.

 

[traider]

Become an expert in machine learning. Study the problem of market prediction deeply. Then you will see the pros and cons of using TA.

 

[themickey]

Become an expert in machine learning. Study the problem of market prediction deeply. Then you will see the pros and cons of using TA.

Sounds like ET gobbledegook.

 

[virtusa]

Become an expert in machine learning. Study the problem of market prediction deeply. Then you will see the pros and cons of using TA.

I have no clue about machine learning. I also cannot program (I use existing scripts and adapt the mathematical part in it to what I want to calculate. Blood, sweat and tears, but it works.)
There are many ways to become a successful trader.
There are experts in machine learning that never make any money as there are also wizards in math or PHD's that never make any money. So being an expert in any area is not equal to making money as a trader. If researching the wrong ideas , even the smartest researcher will never have any positive result.

Reminds me of the (real?) story about the Russians using a simple pencil to write in space whereas the NASA spent millions to create a pen to write in space.

Thinking out of the box and having a very analytical brain sometimes helps more than being an expert.
There are many examples that proof that. Many discoveries are the result of researchers that accidentally do something they never did before what resulted in a new invention.

https://www.visualcapitalist.com/accidental-inventions/

 

[formikatrading]

Now these 2 guys I could trade with!

You can still use common indicators but you would have to use combinations of them and/or use them in a way that is not intended by their creators so basically in customized version of common indicators in a way coming up with customized indicators.

Each trader will find what works for him. For me pure price action does not work. For you, what I use maybe will not work;
The only thing that matters is what works for you; even if nobody else can work with it.

 

[Laissez Faire]

In the end, there's only so much you can do with OHLCV data, additional data of course changes everything.

My input data is 1-minute OHLC. That data is further sliced, diced and organized according to my own logic and further divided into various parameters and statistics.

So, while the raw data is 1-minute OHLC which I agree have its limitations - there's much more data made available from those simple data points than mere OHLC.