Agree. Pattern recognition is all based on history. But it's a different kind of pattern recognition. I'm sure you have seen the Ciavacco video on YouTube, right? He attempts to overlay time periods from previous historical events and includes mentions of things like recessions, inflation, etc. Instead of just looking at the short term levels and patterns that are presenting themselves. 

    we follow some people for

    Posted by matt on 13th of Sep 2022 at 12:06 pm

    we follow some people for some ideas or to see what others are saying - but as I told Steve the other day - we go with what our analysis and gut is saying. We have been doing this a long time and are experts 50 years collectively, we can look at other guys for some ideas here and there, but at the end of the day we go with what our analysis says, not someone else's. 

    Same for you guys - ESPECIALLY if you have your own systematic approach that you have refined to fit you, go with that, use us for ideas

    that said, regarding pattern recognition - that's the most powerful, and that is also not something that I can program into systems - our eyes can easily see patterns but trying to program that into a computer is not something I can do.  It's a big difference we have over computers - the ability to easily see patterns like that.  Now where computers are better than us is pure statistics and hard math. That's what the systems look for - stuff that we are not good at. I can't program the systems to look for stock patterns (coils, flags) but I can have them look at historical data and tell me when prices get too far stretched from the mean - which is what the systems do

    I agree Matt. The market

    Posted by mirhamedali on 13th of Sep 2022 at 11:32 pm

    I agree Matt. The market has a fractal nature. Looking at past patterns help provide some guidance. It's simply one tool of many. It's not necessarily predictive but some help lay out possible road maps. 

    Wedges & Flags - I

    Posted by DigiNomad on 13th of Sep 2022 at 12:15 pm

    Wedges & Flags - I have some code / scripts that identify them, but they suck for now. Will probably be hard to beat the computer approach once they get better!  

    Anyway, your systems have been rocking, Matt. Thanks!

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