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kut2k2
 

Registered: May 2005
Posts: 3144

 

08-09-12 08:51 AM

(The following applies to technical indicators in the public domain.)

(1) The vast majority of technical indicators are too weak to provide an edge. If they weren't weak, they wouldn't be free. Think about it.

(2) The majority of technical indicators are hodgepodge formulae with little basis in logic. Just because something is arcane and "complicated", that doesn't automatically make it valuable.

(3) There's a reason why there are no performance stats in the vast majority of TA books.

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contra
 

Registered: Nov 2010
Posts: 499

 

08-09-12 08:58 AM

this sh*t is played now...

It would seem to me that the only reason TA would be good for anything is because enough people use them, hence you'd want to be watching what most people watch, the basics... it's old stuff to measure markets. I dont think it was meant to be predictive in anyway.

why the hell would i want to know or watch something that nobody is watching.

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kut2k2
 

Registered: May 2005
Posts: 3144

 

08-09-12 09:05 AM


Quote from contra:

why the hell would i want to know or watch something that nobody is watching.

To learn something that nobody else knows?

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contra
 

Registered: Nov 2010
Posts: 499

 

08-09-12 09:05 AM

good luck with that

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ocean5
 

Registered: Feb 2012
Posts: 934

 

08-09-12 09:17 AM

b/c of the black swans.how many time do i have to repeat??

OHLC is enough to make money,until you encounter the swan.

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oilfxpro
 

Registered: Oct 2007
Posts: 1600

 

08-09-12 09:59 AM

T A works 50 % of the time , t a is the ability to read a chart /road map etc , a load of the information on theses charts is historical and related to past noise and imperfect price gyrations . Big farts like Trichet , helicopter Ben others open their mouths or even have a fart or worse blow wind will make false gyrations on prices on charts.

Same pattern on charts have different outcome.

The past does not tell you which clowns are going to blow wind and when in the future they will blow a fart.

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