tag:blogger.com,1999:blog-9446784.post175021094113771876..comments2023-10-29T01:09:04.496-07:00Comments on Trade-Ideas: Don't be Fooled by Pattern RecognitionTI Mavenhttp://www.blogger.com/profile/09995690143891439831noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9446784.post-14612959584071572742012-05-14T10:01:13.708-07:002012-05-14T10:01:13.708-07:00Hi Jeff,
If you're not already registered for...Hi Jeff,<br /><br />If you're not already registered for the webinar on Wed 5/16, please do. Here is the link to register: <br />https://pt102.infusionsoft.com/app/form/oddsmaker-32-webinar-registration<br /><br />Dan Mirkin and Dave Mabe are scheduled to demo the new version of The OddsMaker and discuss strategy optimization. <br /><br />-ScottTI Scotthttps://www.blogger.com/profile/09159683010779562865noreply@blogger.comtag:blogger.com,1999:blog-9446784.post-44613485313762658382012-05-13T08:36:19.512-07:002012-05-13T08:36:19.512-07:00Jeff,
The whole blog post was about your second c...Jeff,<br /><br />The whole blog post was about your second comment. The data confirms the pattern. But also we are saying that recognizing patterns with your eyes is much harder than people think. The skills that you acquired over 15 years came through a kind of experience that is difficult to scale, which is why it is good that you teach. When we started Trade Ideas in 2003 we did not have the data to know what support and resistance actually looked like. We knew people needed to find them and drew on our own understanding. Our algorithms used our own visual recognition of support and resistance. But as we got to see the data underneath we started to see that many things people term as support and resistance simply don't have the mathematical value of actually being those points across a large data set. We are saying that now our technology, like the DNA in eye witness testimony allows you to mathematically test any technical level we track to see if there is a pattern or if it just looks like a pattern. The difference is one of success versus failure which is why we want to demonstrate that in our upcoming webinar on May 16th. We are redoing the way we present data and this is a big first phase :-)TI Mavenhttps://www.blogger.com/profile/09995690143891439831noreply@blogger.comtag:blogger.com,1999:blog-9446784.post-56969499548577295942012-05-12T18:15:43.289-07:002012-05-12T18:15:43.289-07:00Maybe you are just saying the data confirms or neg...Maybe you are just saying the data confirms or negates the percieved pattern, in which case that is cool. I probably just commented too soon :)<br /><br />JeffJeff Whitehttp://www.thestockbandit.comnoreply@blogger.comtag:blogger.com,1999:blog-9446784.post-75289192175869071512012-05-12T18:07:50.787-07:002012-05-12T18:07:50.787-07:00David & Dan, I have used Trade Ideas since 200...David & Dan, I have used Trade Ideas since 2004 as best I can remember, so you know I like it. This post states support/resistance are not important, that they are just something we hope to derive value from and yet @tradeideasquant tweets regularly about broken support/resistance levels. Why?<br /><br />I'm also curious as a pattern trader why the program contains so many pattern recognition features if your data shows patterns to be irrelevant?<br /><br />Not every pattern plays out favorably, and neither does every data-driven trade. It's all about probabilities, so how is one method better than another? Seems to me they are just different approaches which can each succeed or fail based on the trader's discipline and abity to adapt.<br /><br />You are both class guys and I look forward to seeing what you are about to uncover.<br /><br />JeffJeff Whitehttp://www.thestockbandit.comnoreply@blogger.com