Registered: Aug 2007
10-15-12 08:03 PM
Quote from marketsurfer:
Correct, they are part of the reason TA and other "price following" methods fail to work. Drivers are anything that causes price to move, other than price itself, obviously. I am not permitted to describe any further, but using this idea as a base, one should be able to discover what I am talking about. surf
TA fails for you and many others, but not for those who have taken years to know how to become good at trading using them. I have spent years, decades, at many different avenues or forms/methods at entry/exits. One can look at a simple moving average and say it divides up price, and yet I see same moving ave and see several different purposes.
People lose for a host of reasons whether they use TA, price action or darts, usually it is lack of discipline, being ill prepared, under capitalized, not understanding the markets in which they trade, being lazy and boredom.
I have heard the term "Drivers" in the 70's, 80's, 90's, 00's and now, each decade someone thinks it is "new", but often times it is an old method with a new twist, big deal. Price is agreed upon by what someone willing to pay for it and Supply/Demand causes prices to go up/down as well but more importantly how bad you want it.
And the ones who cries the loudest are the ones who have thousands of posts in a couple years. They waste so much time posting where they should be spending that time backtesting.