Forums › ProRealTime English forum › General trading discussions › Feel like giving up? › Reply To: Feel like giving up?
I get what you are saying , the patterns i look for are in the maths , they arent necessarily visible though often they are visual as well . As a price action trader i wasnt interested in DTs , Db’s and support/resistance in the traditional sense . I was more interested in defining trend and dynamic supp/resist , identifying how and where major reversals are likely , ascertaining best places to enter trends , where momentum explosions take place , how long they last and so on and so on , all about taking the highest probability trades . I know the answer doesnt lie in generic methods , i am all about innovating for imitating is mostly perpetuating shit . I could show you patterns that repeat ad nauseum that have success rates north of 75% but these are my edges and i am not willing to dilute them
I measure things , i dont just make squilly lines of overbought and oversold . I understand exactly what the maths i write is representing . Its not easy and thats what makes this pursuit so rewarding . Its all about taking a structured approach with preset guidelines and benchmarks . I know the ideal expectancy metrics before i start . i break it down bit by bit . I worked on my filters for years before i seriously started bolting them together . I worked on trend regime recognition , i worked on mean reversion measures , i worked on volatility filters , i worked on 2-3 bar reversals , and more .. i did all these as standalone individual items before i seriously started complete algos . Its quantitative and i think thats the huge part thats overlooked , statistical analysis . People are not putting enough focus on the maths with everything on the code . OK todays rant over
Ok clearly my time appears to be wasted here , i am not going to argue . There are no patterns and if this is the case writing code is futile for its all random … massive eye roll …
I was going to show some patterns but im not going to fight against negativity for no reward