Unbelievable Method wasted on me.

[MrMuppet]

Ok so Ive been studying charts for about 5 years to see what all this trading is about. It took me all of this study and experimentation looking at charts for hours each day to try and figure out what the pro traders see or if there was anything to actually “see”.

I looked at so many charts, I was seeing traces of them on walls, floors and ceilings. Every few months I identified a new pattern but nothing that gave me the WOW factor until about mid 2016 when my subconscious picked up on something it had seen before. It took me about a year afterwards to even put the pieces together of what i was seeing.

I have seen this method produce amazing results, almost to the point of perfection. I believe I have a very valuabe strategy that would benefit greatly from somone with lots of trading experience. I have stayed small in position sizing because of my limited trading experience. I have a ton of evidence of this.

I guess im treating this like an appearance on dragons den, I need help to apply this in the markets. Not looking for and money, more like a trading buddy with vast experience.

Hi man, happy for you that you came up with something after a couple of years of work. I hope it'll work out for you but I doubt it.
Problem is: A chart is not the market. Its the last traded price only and it doesnt contain information about bids, offers and turnover. It also doesn't contain information about external factors i.e. when your pattern dictates to go short but you cant because there aren't any borrows.

If I were you, I'd study the other stuff, too. What are bids and offers, how does a market actually work (double sided auction), what are the driving factors of the markets you are watching and so on and so forth.

A chart pattern is just a random event that helps you with sizing and entry/exit of your trade. The logic of it is never found on charts. And even when you derive the edge from statistics, you should know why the edge exists

 

[comingkingofisrael]

Oanda allows currency trading with tiny size.Also robots.

 

[Troubil]

A chart pattern is just a random event that helps you with sizing and entry/exit of your trade. The logic of it is never found on charts. And even when you derive the edge from statistics, you should know why the edge exists

Thankyou for the kind words, but I must emphasise that charts are more than just random events. This strategy is proof, I have seen enough to convince me that charts make the news, not the other way round. Crazy as it sounds, thats what I believe.

 

[themickey]

Thankyou for the kind words, but I must emphasise that charts are more than just random events. This strategy is proof, I have seen enough to convince me that charts make the news, not the other way round. Crazy as it sounds, thats what I believe.

What Muppetman may be aluding to is charts are not predictable indicators, meaning, charts are random events very often, hence why we have a market, everyone reads a different interpretation on a chart and a chart does not guarantee an outcome of any sort of predictable certainty.

 

[Troubil]

It is my opinion that charts are very predictible and are used by institutions and algorithms to determine certain movement in the market. You are right that it is not guaranteed due to other factors like black swan events, but outside of that charts are one of the best ways to navigate the market. Again this is just my opinion and not fact.

 

[wrbtrader]

It is my opinion that charts are very predictible and are used by institutions and algorithms to determine certain movement in the market. You are right that it is not guaranteed due to other factors like black swan events, but outside of that charts are one of the best ways to navigate the market. Again this is just my opinion and not fact.

Correct...its not a fact.

Yet, charts is an excellent way to visually see the results of all the interactions of many different variables in the markets with no guarantees that the same variables will exist the next trading day or the next trade.

Regardless, you now know what you need to do. Its time to get at it.

wrbtrader

 

[Frederick Foresight]

My problem is unfamiliarity with trading in itself, buy/ask/spreads/buying and selling/ executing a trade .........and money management.

Then how did you manage to achieve near perfect results?

I have seen this method produce amazing results, almost to the point of perfection. I believe I have a very valuabe strategy that would benefit greatly from somone with lots of trading experience.

 

[Troubil]

dont get me wrong, I can navigate the market.....or just about....but Im far from expert level. It has produced near perfect results in testing and in a few trades I executed.

 

[themickey]

It is my opinion that charts are very predictible and are used by institutions and algorithms to determine certain movement in the market. You are right that it is not guaranteed due to other factors like black swan events, but outside of that charts are one of the best ways to navigate the market. Again this is just my opinion and not fact.

Algorithms do not use charts to determine anything, algos use data.
Charts and algos are derived from data, algos aren't derived from charts.
Charts supply an impression to the brain via graphics.
Algos supply an impression to brain via numerical calculations.
The two may complement each other but imo a numerical result is superior as it doesn't suffer from visual biases, charts are more difficult/clumsy when it comes to comparing

 

[murray t turtle]

I use only Stockcharts......Not perfect in stocks, but in commodities and currencies, it rarely dissapoints. My problem is unfamiliarity with trading in itself, buy/ask/spreads/buying and selling/ executing a trade .........and money management. All these things are very important and need to be understood. Idont have another 5 years to grasp all this stuff lol .

%%
Bid/ask seldom means much of anything to a trend profit.Except when stocks trade more than penny BA, i would say stay away from that -unless you like small caps + i do.Money management is easy; after you blow up an account with ''perfect'' derivatives. Cut back size after a blow up, or even a 70% drawdown, like QQQ did[It did 80 % drawdown % ; bear of 2001, lasting 3/+ years]