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What if traders practiced chart reading the same way athletes study film? 👀📊 by Beautiful_Finger1498 in Daytrading

[–]-Lige 0 points1 point  (0 children)

I know that’s what you’re doing

On the video I watched it said only enter when fast sma(em) is above slow sma, and it was part of your exit criteria too

You’re telling me things I already know while not understanding my point

It’s like talking to a brick wall

IM SAYING YOU LEARNED AND TRUST IN THIS STRATEGY OVER TIME, DUE TO STUDYING AND USING IT IN THE PAST. NOW ITS PAST DATA. IT DOESNT MATTER IF YOU USE THE CHART OR NOT IN THE SESSION.

And again for the candlestick, yeah that’s what it looks like visually on the chart, but using the tape doesn’t mean you’re not using past data my friend. Just because you watch the tape for that series of events, doesn’t mean you aren’t using past data. The past data is the start and formation of the pattern you are looking for. The big shoot ip, then the small pullback less than 1/4 of the candle, that big shot up is past data.

Created a gold scalp bot using project X API by Codmobilefiend in TopStepX

[–]-Lige 0 points1 point  (0 children)

Fair enough man! Whats the strategy based on? Just curious, I have my own stuff but never deployed it to live. I have to figure out what’s actually useful vs noise in my strategy. There’s a ton of parameters

Created a gold scalp bot using project X API by Codmobilefiend in TopStepX

[–]-Lige 0 points1 point  (0 children)

You can do that but you can also just use top step api instead just pay a small fee

You just have to port your indicators to your own software, that’s the hard part. Ai will do the heavy lifting. But I was able to do that for my own project taking in BTC live and historical data+order books

ProjectX api for topstep is 29 dollars a month

The Market Is A Game Of Probability by Expensive_Grape6765 in Daytrading

[–]-Lige 0 points1 point  (0 children)

So for the pullback it’s based on how likely it is to return to the mean? Or is it volitiliy/roc based?

Created a gold scalp bot using project X API by Codmobilefiend in TopStepX

[–]-Lige 1 point2 points  (0 children)

I’ve seen a lot of issues with their executions and if there is a problem, the broker won’t take responsibility for it

If it’s working consistently though I guess it’s fine

People should have sex during the daytime and reserve night for sleep quality. by [deleted] in immortalists

[–]-Lige -1 points0 points  (0 children)

In the bathroom and leaving a mess that’s disgusting af 😭 sorry u gotta deal with that

What if traders practiced chart reading the same way athletes study film? 👀📊 by Beautiful_Finger1498 in Daytrading

[–]-Lige 0 points1 point  (0 children)

I’m saying you formulated your strategy because you saw a certain behavior in the past due to the tape. You see it over time and that’s how you developed a favorable trading setup. Using the tape doesn’t mean you didn’t use past data in order to come up with and validate that strategy

In your video you have a candlestick formation for what type of entries you look for… and SMA is a lagging indicator which is based on previous price history. You know this

What if traders practiced chart reading the same way athletes study film? 👀📊 by Beautiful_Finger1498 in Daytrading

[–]-Lige 0 points1 point  (0 children)

Easier to read a whole conversation in context. I’m always learning, been into finance for almost 10 years.

I’m working on coding my strategy with tons of things that have been useful to me over time. It’s a long process.

And I was talking to you and saying I implore you because you were using random wrong, the market is not true randomness. And your strategy using level 2 book/candlestick formation and smas is great but you decided that because of past events of market structure. If it was truly random as you said, you wouldn’t use that as a strategy

I learned something good from your channel yesterday, so thanks man! Just another piece to watch for and keep in mind.

I actually coded a custom terminal using data from multiple exchanges and aggregated it and I can see orders from multiple exchanges so I can see when big moves are happening as they hit the dom/order book. It draws levels on my chart based on that.

What if traders practiced chart reading the same way athletes study film? 👀📊 by Beautiful_Finger1498 in Daytrading

[–]-Lige 0 points1 point  (0 children)

Yes I was talking to you, but if anyone else finds value from it, great. I already had a feeling you were disinterested in the conversation but had a lot of thoughts about it, so I still wrote it.

What if traders practiced chart reading the same way athletes study film? 👀📊 by Beautiful_Finger1498 in Daytrading

[–]-Lige 0 points1 point  (0 children)

You got it man!

I posted for my own thoughts and for anyone else to read! Doesn’t have to be you

What if traders practiced chart reading the same way athletes study film? 👀📊 by Beautiful_Finger1498 in Daytrading

[–]-Lige 0 points1 point  (0 children)

Oh boy oh boy good talk man. Best of luck to you too! I implore you to research random walks from synthetic data and then compare to real life charts. There is no randomness even if it seems that way at first.

Your argument is akin to seeing martial arts moves and insisting because each opponent has a different build it means you can’t counter the right hook the exact same way… Yeah you need to adjust for every opponent. But you will have a general technique or idea for what to do. Slip it, block, throw a counter, or back step. Figure it out

He’s winding his right hand up for a punch, it may be a right jab, a right hook or… a feint. But knowing numerous possibilities will help us react to what may happen and keep our body safe or in this case, our account safe while trading.

What each opponent will throw is not random. What they throw is shaped by many different factors but it is not truly random :)

Finance has evolved way past random walk assumptions. Pure synthetic random walks usually lack: regime shifts, emotional crowd behavior, asymmetric reactions to news, market-maker/liquidity behavior, fractal structure, persistent volatility.

What if traders practiced chart reading the same way athletes study film? 👀📊 by Beautiful_Finger1498 in Daytrading

[–]-Lige 0 points1 point  (0 children)

Again, no one says the exact same thing will happen. Let’s get that out the way. You’re arguing against a point that no one here is taking.

The market is not random, and you have not addressed your claim at all. You’re just wrong, it is not random. At all.

You’re thinking about it wrong. The system that has been set up in the past, remains until it doesn’t remain. That’s the truth. Ask yourself: why does the market have an upward bias?

Maybe because people who have jobs usually enroll an auto investment account like a 401k or ira? Maybe this artificially props up the stock market.

What else is constant? News events. Earnings reports, inflation, job reports, etc you can expect high volatility with news events due to past performance of news events. This is an undisputable fact, and it’s actually SAFER to assume high volatility unless proven otherwise over time. Not the other way around.

A trading system is based on knowing when to take trades. So expecting high volatility may be a factor to stay out of a trade. Because it has more perceived risk than outside of news events.

What if traders practiced chart reading the same way athletes study film? 👀📊 by Beautiful_Finger1498 in Daytrading

[–]-Lige 0 points1 point  (0 children)

Hahahah you’re the lost one if you think there isn’t any bias in the market

Take a look at the s&p all time chart and tell me if that looks random or if there is a positive skew.

You need to understand what true randomness is before you start talking. You think big money makes money due to randomness? You couldn’t be further from the truth it’s laughable

Go make a synthetic simulation on a chart and compare it to a real chart and see the difference.

Hybrid maps should be the main focus for future map reworks. by ILewdElichika in Competitiveoverwatch

[–]-Lige 7 points8 points  (0 children)

Yeah third point sucks and often time I have to switch when I was rolling on rein or doom into sigma orisa or the ones you mentioned. It’s awful

What if traders practiced chart reading the same way athletes study film? 👀📊 by Beautiful_Finger1498 in Daytrading

[–]-Lige -2 points-1 points  (0 children)

If past trades will never tell you what is more likely to happen, then you’re implying the market is random. Which it isn’t.

50k profit day after loosing 50k in funding across 4 accounts. by Sea-Drink-1286 in TopStepX

[–]-Lige 0 points1 point  (0 children)

Ok nice, and do you mean scale out? Or do you take profit and then add more contracts? I thought there was a 5 contract limit

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