you have been going down the wrong path. technical analysis is complete hog wash.
So you use darts?
Technical Analysis is more art than science. If it was pure science, then programmers would simply code algorithms to perform the analysis and make tons of money. And, as with all art, some people get it almost immediately, and some never will.
If you having been trying the same failed strategy for 24 years, it is time to try something new.
After much time, and seeing my partner be able to program my concepts, I now have to disagree. I have someone I am mentoring, he was a programmer first and learning to trade, he wanted to test out first what I was teaching him, and this never works IMO. You have to learn to trade manually first to get a feel of charting and all the many nuances, and be able to "live" within you the concepts of "trade", it is either too expensive or discounted, but neither means time to reverse. Memorizing the stats of not only patterns, but patterns depending upon a host of different patterns around it and of course definition of trend, whether complex or simple-has to be uniform.
We all "trade" or live every second of our life, trading is making choices based on our pasts that offer highest percentages of success. People should be very good at this since we take money for goods daily, but people are sheep and good prices of hat you see are stationary, most people don't like change and that is what the marketplace is, constant change.
People mostly fail at trading cause they are horrible at adapting to change and can't read charts whether they have indicators or just price bars.IMHO I believe it is best to learn charting without indicators on them first, and when you have developed honest stats, you have earned a Bachelor's degree in charting, if you want to use indicators is like going for a Master's degree in charting, but people always do like ass backwards, indicators are to help make decisions, but those entering trading too often go what is pretty or what they think is understandable. And the more you study people, more you understand why people fail at business and business of trading.
I would think it would have been much easier to turn a profit in the mid to late 90s, than now. If you could not turn a profit in the 90s (can anyone say "internet"), then I think it's nearly hopeless now
I use to think this too for the longest time, all the very good traders who are Wizards, made it before 2000 for most part. But after getting into automation, far easier now cause I can't watch 25,000 different stocks, now it is not running out of choices for stocks to trade, running out of money and having enough cash for just in case requirements to quickly hedge and having enough margin for futures or cash for options, never good to be playing on the edge of having to count your loose change.
"Dog" in America often time means friend, but in content can mean not doing well.
Hypnosis in 1991 I did several times as my way of thinking all my life has been wrong as I have a label given few months ago called Aspergers. I still go 2-3 times a year for Hypnosis to help in areas that require memory and other areas of my life I may find weak. I don't believe in
Psychiatrists if they can't experience my problems, and I don't believe the brain will change if you don't believe in it, whereas I believe in hypnosis.
