If a technical strategy works from a 1 minute time frame with very small take profits and stop loss on daily chart it almost won't be seen. But a breakout/reversal of a daily resistance/support will appear as huge if you look on 1 minute charts. ...

Illusion of Time(frames)

If you find an edge with technical analysis actually you don't have to be worried most traders will use it. Most traders don't use technical analysis. And you can use TA in an infinity of ways. Some will use EMAs, others SMAs, other stochastics, ...

Illusion of Time(frames)

I've read on 2+2 gambling site that for technical analysis to work you must find a pattern on a chart that other traders don't know. So you may have an edge with technical analysis but only if most of traders don't know about your strategy. The ...

Illusion of Time(frames)

I think most of the time the market is random and you can't predict where price will go. This is especially true when the market has many trouble areas, traffic instead of large space. And in forex this is usually the case. But only most of the ...

Do you believe this market is random?

Trading is different than coin/dice because in coin/dice you have a fixed probability to win. In trading you can't say exactly what the probability is (assuming the price doesn't follow a random walk and you actually have an edge). More than this, ...

james16 Chart Thread

I don't know if 1hr is less reliable than daily. What I said are more some theoretical concerns. Another theoretical concern is that the 1hr chart contains some bars that represents very low activity (this happens on non Asian pairs during Asia ...

james16 Chart Thread

It's good if you use a chart with New York close because it has the most logical close. A daily chart with a New York close means the close of the price is after the London session and the New York session closed (these are the most important ...

james16 Chart Thread

It seems to me daily charts close is more reliable than intraday charts close because the close on intraday charts is arbitrary. 1hr charts close every hour but that hour isn't of particular importance for the market. 15 min charts close every 15 ...

Weekly and Monthly TF trading - Wow!

If you want to be a high frequency trader it's difficult to win more than 60% (assuming a 1:1 RR). And if you have a win rate between 50 and 60% you will always ask yourself this question: "am I really a profitable trader or I have these results ...

james16 Chart Thread

Does anyone know a stock CFD broker that can guarantee that you can't lose more than your deposit? I've found FXCM for forex and indices (they reset the balance to 0 if you lose more than deposit and don't sue you) but they don't have stocks.

james16 Chart Thread

If someone will say he has profit after 1000 trades skeptics will say it was all luck. If someone will say he has made profit in the last 10 years they will say it was all luck and he will not be so lucky in the future because there is no study that ...

Do you believe this market is random?

Most traders don't read books or forums. Even those who read lack discipline and want to be high frequency traders. Other traders read forums but don't understand trading too well (they read about support and resistance and then start to trade every ...

Do you believe this market is random?

What about the encyclopedia of trading patterns second edition? Do you think the stats from this book are fake? Do you think only statistics that show a strategy is losing are true? In my opinion the trade management from the link you posted is ...

Do you believe this market is random?

Where can I find more RNG charts? I tried on google but I didn't find. I think even if RNG charts are similar to forex or stock charts I still won't believe the market is random. The level from the RNG chart is formed randomly while the level from ...

Do you believe this market is random?

Possible. When I trade a breakout of a pattern it is with the recent momentum. So maybe the trend is the one who gives a profit not the chart pattern and the trend is because of other factors. Actually I don't believe in patterns, for example I ...

Do you believe this market is random?

I don't believe random walk hypothesis is true all the time (it's just coincidence that s&p 500 has raised a lot compared to 100 years ago)? But if I thought it is true I clearly wouldn't be trading because I wouldn't be able to find an edge.

Do you believe this market is random?

Here are other statistics: In the encyclopedia of chart patterns 2nd edition it says that head and shoulders bottoms has 3% break even failure for bull markets and 4% break even failure for bear markets (74% meeting price target and 58% meeting ...

Do you believe this market is random?

So true, I was only able to find a low frequency strategy that gives me a profit, sometimes I take only one trade per month (I'm sure there are more profitable strategies than the one I'm using). But if the market was always random (chaotic charts, ...

Do you believe this market is random?

If the charts were chaotic patterns shouldn't be formed with the frequency they form today. If the charts were chaotic there wouldn't be any edge you can have (maybe you can find only if someone offers you a bigger payoff than what payoff would be ...

Do you believe this market is random?

And people who are losing don't want to accept that other people are winning. They want to believe no one is winning instead of accepting they don't know how to trade (profitable trading is hard so no surprise for me that 95% are losers). You can't ...

Do you believe this market is random?