Data mining for such patterns (in tick data) is a complex process that is not accessible to retail traders. Most of the recurring patterns that people think have merit can also be found in random data.

About Candlesticks: Why they were created? What do they reveal?

As you said, its a perspective. There are as many 'perspectives' to trading as there are people.

About Candlesticks: Why they were created? What do they reveal?

Ok, just don't risk too much money.

What are your favourite indicators?

See, if you create a profitable and robust system using rigid yet simple indicators that are objectively defined you can confidently assume that such a system will do well in the uncertain future. With subjective 'indicators' that are open to ...

What are your favourite indicators?

You don't find it odd that with the methods that can be codified and tested you have little success but with the ones that are subjective and arbitrary you hold in high regard?

What are your favourite indicators?

All indicators (including price action) are lagging. To ascribe a 'leading' quality to anything is to project one's beliefs. Indicators generally only become useful when given sufficient lag.

What are your favourite indicators?

Its just a misconception unique to FF forums.

About Candlesticks: Why they were created? What do they reveal?

Candlesticks do not possess any kind of latent special quality that is made known through "correct" interpretation. The data is open, high, low and close and any way to rely on such information to enter a trade is a matter of personal opinion.

About Candlesticks: Why they were created? What do they reveal?

Appreciate the sentiment.

Most accurate chart period?

You don't say.

Most accurate chart period?

The difference between compounding gains and not compounding gains is astounding but thats really up to you. Withdrawing profits is like a fisherman eating his own bait. By the way, have you spoken to anyone who is successfully doing what you are ...

From Rookie to Full time Forex trader

A telescope would give you an accurate view of objects in the sky while a microscope would do the same for objects on a petri dish. Depends on your intention.

Most accurate chart period?

Open. High. Low. Close.

About Candlesticks: Why they were created? What do they reveal?

Perhaps the question you should be asking if why have none of these worked for you. If the rest of your post isn't some kind of subtle satire then it looks like you are still trying to look for the illusive magic bullet rather than looking inward. ...

Things to think about over the holidays

This thread is funny. You are basically trying to illustrate that apples make better baby food by comparing mushed apples to a whole orange.

Hedging is it really useful?

Less is more. "The accounts Seykota managed have witnessed an absolutely astounding rate of return. For example, as of mid-1988, one of his customer accounts, which started with $5,000 in 1972, was up over 250,000 percent on a cash-on-cash basis. ...

Part Time Trader

An extensive backtest should provide some indication of how the system fares in all environments. If it suffers too steep a drawdown when the market is ranging then this should be a cause for concern.

Reverse Engineering a Profitable System (REPS)

Consider running a backtest to save on time.

Reverse Engineering a Profitable System (REPS)

You seem to have the right idea about the trend being your surest friend. However, what you go on to elaborate seems to confuse the issue and hints at an underlying distrust of the 'trend'. The trend is your friend only if you can trust it. You ...

Is The Trend Really Your Friend?

"Extensive backtesting is not required if you really understand your system." - Tom Basso

A jump to the beginning - chaos and market forces