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Over 25 yrs I've studied a lot of what is available in the technical analysis field.
I've also worked for 2 yrs with people who are amazing with Data analysis and
coding on a level well beyond the capabilities of 99.95% of us. AI is the future
for those who can access it.

Does this mean we are all doomed --- I dont think so AI will be in a space we
will not go to it will find things that we cant see.--Just another player--a powerful
one at that.

While 80% of Technical Analysis is worth the time to become proficient in the Technical space.
Little is of practical value in ISOLATION.

I'm not going to enter into argument on which is best and which is rubbish.
Rather Ill concentrate on that which I have found as valuable in my own trading
What I look for and Why---you will then need to plot your own path--hopefully with
more purpose and Clear---er Direction.

Technical analysis at best leads you to a trading opportunity whether that be long or short.
Risk managements saves you from your own bias and the fallibility of any form of analysis.
Reward to risk on capital traded is your score card--the money follows.

The most powerful technical tool is the analysis of PATTERNS

Not the first to see this.

Gann
Elliott
Steidlmayer
Williams
Gartley
Edwards and McGee
Pring
Van Tharp

All looked at Patterns in their own way.

Patterns of meaning form in all sorts of DATA not just price.

Volume
Range
Seasonality
Open interest
Long and Short holders.
Course of Trades
Time

There Are Many more places to look.
There are a great many patterns but by far
my favorite is Consolidations. In Price/Range/Volume
Everything happening IN Patterns leads to what Happens
OUTSIDE of Patterns.
More often than not it reads IN CONTEXT with clarity.

The value lies in
What happens in these patterns

Where it happens in a chart/data EG
After a prolonged move.
After a short move
After a wide range very high volume bar.
There are a lot more

When it happens in a chart/data
After a long period of time
Straight after another consolidation of size or Very small
Mondays-every May-
After High volume
After Low Volume
There are a lot more

Why it happens.
News.
Volume
World economics
Demand incoming or leaving.
Again many more.

But in every case ONE occurrence IN A pattern can trigger events to occur
outside the pattern and that's when you want to be on it!

The pattern as you will find in isolation has little value as they will fail just as often as
they conform to standard technical theory. Of little value when you want to trade the Chart/Data.
30-50% success maybe acceptable in some models but frustrating and useless to others.
Particularly those Trading in a discretionary manner.

The second Most powerful Tool is

The analysis of single Occurrences or Occurrence Clusters Inside or Outside of Patterns

Trends are patterns!

They can be
Single or Groups of Bars
Volume
News catalysts.
Chart Characteristics.
Time.

<blockquote data-quote="tech/a" data-source="post: 1007494" data-attributes="member: 257">Over 25 yrs I&#039;ve studied a lot of what is available in the technical analysis field.I&#039;ve also worked for 2 yrs with people who are amazing with Data analysis andcoding on a level well beyond the capabilities of 99.95% of us. AI is the futurefor those who can access it.Does this mean we are all doomed --- I dont think so AI will be in a space wewill not go to it will find things that we cant see.--Just another player--a powerfulone at that.While 80% of Technical Analysis is worth the time to become proficient in the Technical space.Little is of practical value in ISOLATION.I&#039;m not going to enter into argument on which is best and which is rubbish.Rather Ill concentrate on that which I have found as valuable in my own tradingWhat I look for and Why---you will then need to plot your own path--hopefully withmore purpose and Clear---er Direction.Technical analysis at best leads you to a trading opportunity whether that be long or short.Risk managements saves you from your own bias and the fallibility of any form of analysis.Reward to risk on capital traded is your score card--the money follows.The most powerful technical tool is the analysis of PATTERNSNot the first to see this.GannElliott SteidlmayerWilliamsGartleyEdwards and McGeePringVan TharpAll looked at Patterns in their own way.Patterns of meaning form in all sorts of DATA not just price.VolumeRangeSeasonalityOpen interestLong and Short holders.Course of TradesTimeThere Are Many more places to look.There are a great many patterns but by farmy favorite is Consolidations. In Price/Range/Volume Everything happening IN Patterns leads to what Happens OUTSIDE of Patterns.More often than not it reads IN CONTEXT with clarity.The value lies inWhat happens in these patternsWhere it happens in a chart/data EGAfter a prolonged move.After a short move After a wide range very high volume bar.There are a lot moreWhen it happens in a chart/dataAfter a long period of timeStraight after another consolidation of size or Very smallMondays-every May-After High volumeAfter Low Volume There are a lot moreWhy it happens.News.VolumeWorld economicsDemand incoming or leaving.Again many more.But in every case ONE occurrence IN A pattern can trigger events to occuroutside the pattern and that&#039;s when you want to be on it! The pattern as you will find in isolation has little value as they will fail just as often asthey conform to standard technical theory. Of little value when you want to trade the Chart/Data.30-50% success maybe acceptable in some models but frustrating and useless to others.Particularly those Trading in a discretionary manner.The second Most powerful Tool is The analysis of single Occurrences or Occurrence Clusters Inside or Outside of PatternsTrends are patterns!They can be Single or Groups of BarsVolumeNews catalysts.Chart Characteristics.Time.</blockquote>

[QUOTE="tech/a, post: 1007494, member: 257"] Over 25 yrs I've studied a lot of what is available in the technical analysis field. I've also worked for 2 yrs with people who are amazing with Data analysis and coding on a level well beyond the capabilities of 99.95% of us. AI is the future for those who can access it. Does this mean we are all doomed --- I dont think so AI will be in a space we will not go to it will find things that we cant see.--Just another player--a powerful one at that. While 80% of Technical Analysis is worth the time to become proficient in the Technical space. Little is of practical value in [B]ISOLATION.[/B] I'm not going to enter into argument on which is best and which is rubbish. Rather Ill concentrate on that which I have found as valuable in my own trading What I look for and Why---you will then need to plot your own path--hopefully with more purpose and Clear---er Direction. [I][COLOR=#0000ff]Technical analysis at best leads you to a trading opportunity whether that be long or short. Risk managements saves you from your own bias and the fallibility of [B]any[/B] form of analysis. Reward to risk on capital traded is your score card--the money follows.[/COLOR][/I] [B][FONT=Tahoma][SIZE=5]The most powerful technical tool is the analysis of PATTERNS[/SIZE][/FONT][/B] [FONT=Verdana][SIZE=4]Not the first to see this. Gann Elliott Steidlmayer Williams Gartley Edwards and McGee Pring Van Tharp All looked at Patterns in their own way. Patterns of[B] meaning[/B] form in [B]all sorts[/B] of DATA not just price. Volume Range Seasonality Open interest Long and Short holders. Course of Trades Time There Are Many more places to look. There are a great many patterns but by far my favorite is Consolidations. In Price/Range/Volume Everything happening [B]IN[/B] Patterns leads to what Happens [B]OUTSIDE[/B] of Patterns. More often than not it reads [B]IN CONTEXT[/B] with clarity. The value lies in[/SIZE] [B]What happens[/B] [B][SIZE=6][COLOR=#ff0000]in[/COLOR][/SIZE][/B] these patterns [SIZE=4]Where it happens in a chart/data EG After a prolonged move. After a short move After a wide range very high volume bar. There are a lot more[/SIZE][/FONT] [FONT=Verdana][SIZE=4] When it happens in a chart/data After a long period of time Straight after another consolidation of size or Very small Mondays-every May- After High volume[/SIZE] After Low Volume [SIZE=4]There are a lot more Why it happens. News. Volume World economics Demand incoming or leaving. Again many more. But in every case ONE [/SIZE]occurrence[SIZE=4] IN A pattern can trigger events to occur outside the pattern and that's when you want to be on it! The pattern as you will find in isolation has little value as they will fail just as often as they conform to standard technical theory. Of little value when you want to trade the Chart/Data. 30-50% success maybe acceptable in some [/SIZE]models[SIZE=4] but frustrating and useless to others. Particularly those Trading in a discretionary manner. The [/SIZE][B][SIZE=5]second[/SIZE][/B][SIZE=4] Most powerful Tool is [/SIZE] [SIZE=5][B]The analysis of single Occurrences or Occurrence Clusters Inside or Outside of Patterns[/B] [B][/B] [B]Trends are patterns![/B][/SIZE] [SIZE=4] They can be Single or Groups of Bars Volume News catalysts. Chart Characteristics. Time. [/SIZE][/FONT] [/QUOTE]

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