Discussion of article "Alan Andrews and his methods of time series analysis" - page 3

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Oleh Fedorov #:
Do you think that if a system is profitable, it should always be profitable? For example, the system says: "Enter at exactly 8 o'clock plus 5-10 minutes". The time of the author of the system coincides with the time of the trader, but for some reason it is inconvenient for him to enter at 8, he enters at 10. All other parameters are the same.... Will it be profitable if the other parameters are the same? My answer is, "I don't know. Depends on a lot of things that come into play"...Maybe it will be much more profitable than the original, maybe - vice versa... But basically - it depends on how accurately _personal_ statistics are collected.
In general, for me, the profitability of a strategy is determined by how well I personally understand the regularities underlying it. If I understand and follow the rules, it _will_ be profitable, without any variants.

Profit is material -- and with you, profit is a philosophical category.

It is noted that the more profit, the less reasoning -- where there is no profit, there is only chatter -- profit is a little wordy.

 
Andrey F. Zelinsky #:

Profit is material -- and with you, profit is a philosophical category.

It has been observed that the more profits, the less reasoning -- where there are no profits, there is only chatter -- profits are not very verbal.

You are right :-))
 
Max Brown #:
In this age of supply and demand, smart money concepts and order flow, you can't seriously believe that straight lines on a chart are the best way to trade.  In the modern age we have moved beyond straight-lines and esoteric postulations that aren't hinged on the modern realities of price action and order flow.

I believe in lines, especially with levels... It is working for me very well.

 
Oleh Fedorov #:

I believe in lines, especially with levels... It is working for me very well.

Thanks for the script.

 
Max Brown #:
In this age of supply and demand, smart money concepts and order flow, you can't seriously believe that straight lines on a chart are the best way to trade.  In the modern age we have moved beyond straight-lines and esoteric postulations that aren't hinged on the modern realities of price action and order flow.

I also believe in lines and spent too much time exploring them, including trendlines, wolfe waves and other but none of them actually worked for me as i was failed to perform trade on them even if they used to be working due to my psychology or mindset, but its a good article and I still believe Fibo channel and Pitchfork are best trend anlaysis tool.

 
Arpit T #:

I also believe in lines and spent too much time exploring them, including trendlines, wolfe waves and other but none of them actually worked for me as i was failed to perform trade on them even if they used to be working due to my psychology or mindset, but its a good article and I still believe Fibo channel and Pitchfork are best trend anlaysis tool.

Me too!!  I also believe there are easier ways to trade.

 
Oleh Fedorov #:

I believe in lines, especially with levels... It is working for me very well.

The Horn of Plenty is plentiful in live trading.

 
Based on the guys' reasoning, we can see that there are two types of trading strategies:

1. Humanitarian

2. Exact
 
Ivan Butko #:
Based on the guys' reasoning, we can see that there are two types of trading strategies:

1. Humanitarian

2. Exact
Erm... Explain? What is described in the article - what is it about, for example?
 
Oleh Fedorov #:
Um... Explain? What is described in the article - what is it about, for example?
I recently attended a workshop with experienced traders. So, each of them traded the same system, but in a different way. The answer to the question: "How so?" was: "One is comfortable with this, the other with that".

There are systems, where nothing depends on the subject (crossing of mashes, candle closing above/below, fractal appearance, etc.) and a firm rule "We act this way and that way" when the conditions are fulfilled.

And there are systems based on evaluative judgements and evaluative categories: "this is a weak signal", "this is a strong level", "this is an aggressive construction", "this is a risky set-up to sell", "there are few buyers for a hike up".

A prime example of the "humanitarian science of forex" is Elliot Wave Analysis, Glenn Neely's work, etc. Specifically, the derisive and winged saying, "10 wavebuilders will draw 10 different sizes".

We are on a technical site where algorithmicisation and mandatory testing against history is a priority. So, when someone "treats" something about analysis without statistical or logical proofs, it looks.... here's a word in my head, not offensive, but appropriate, it came out.
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