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Webinar: The Quantitative Discretionary Trader - Art and Science w/Adam Grimes
I dont know, but have the same question.
He says somewhere: ~"All of the most liquid US Futures"
I assume this includes Index Futures,Commodities, Financials.
I would think - Index Futures separate - should look more like his Stock column.
(this statement might be wrong if the overnight mkt has a bigger impact - I dont know)
Can you help answer these questions from other members on NexusFi?
I´m begun the free course.
He take more time for each thing, chart, lines, indicator, candle, fibo, etc, etc.
Also I susbcribe trial time is his newsletter.
For me the critical point was " No one guru, chart analysys, system, indicator, etc... can made you profitable"
Thank you Adam and Mike for providing this very valuable content.
I really liked the concept that "a lot of the market movements are random". I know that my first inclination is always try to make sense of a certain price movement.
There were many other concepts that resonated with me and that I need to dive deeper into them.
The last thing is that, more and more I am pleasantly surprised that, the BEST trading material available is usually Free, or extremely affordable. I wish I knew this 3 years ago
Well let me share with you, if I recall there was a point in the presentation when Adam said you can draw any line on a chart and it can be significant for some reason. So I decided to do a few tests. I took several charts of my favorite instrument, the TF, in different time frames (I use NinjaTrader). I closed the charts as tightly as I could to only see three bars then drew between three and five random lines/rays, then expanded the charts. Holy moly! If I were a true support and resistance trader, I could have traded off of my random lines! There were more than a few instances where the market actually tested and retested my random lines. That really gave me some insight into the market.
Try it, and draw your own conclusions. In fairness I will continue to be aware of S/R as determined by the markets because I know that's what other traders are following.
My purpose was just to share something I found very interesting. I am certainly no guru, I am very successful in making money in futures (unfortunately, I am just as successful giving it back because I don't know when to quit!
I want to test something. It's simple. Place some random lines on your chart prior to the day opening, and see if at the end of the day you feel like those lines were important (try to imagine they weren't random, but some expensive or complicated …
Regarding randomnes and random walk in particular - do you guys know if there is any (real) random walk generator that could be used as data feed (eg. for NinjaTrader). And I am not talking about Simulated Feed with a slider but a true random walk - it would be interesting to experiment with.
I've noticed that Big Mike was interested about generating random data a couple years ago. There is a thread about it here in futures.io (formerly BMT) but nobody really seemed to be interested at the time. Anyway, I believe it's a very good idea …
