After using this trading simulator I'm convinced technical analysis simply doesn't work

Discussion in 'Technical Analysis' started by nxt7, Mar 12, 2016.


  1. support/resistance is the bid/ask, he stated it doesn't work, but its at the core of price discovery.
     
    #11     Mar 12, 2016
  2. nxt7

    nxt7

    I didn't outright say S/R doesn't work. Just that often it gives false signals where you expect the price to go up but then out of nowhere a massive down tick completely destroys the trend.

    I can show you examples if you want.
     
    #12     Mar 12, 2016
  3. dartmus

    dartmus

    Not if you're still using that synthetic data u were using last month.

    Important: if u are then nothing matters. Then nothing's important or unimportant.

    :D
     
    #13     Mar 12, 2016
  4. botpro

    botpro

    What do you mean?
    Just look how weekly or monthly indicator values differ big, compared to daily indicator values... best is when plotted on a chart...
     
    #14     Mar 12, 2016
  5. i960

    i960

    Chart game is cool but a major problem with it is the total lack of context and CONTEXT but with the instrument and market environment is important.
     
    #15     Mar 12, 2016
    endicottsteel and El OchoCinco like this.
  6. dartmus

    dartmus

    Do you have real time data or are you still using synthetic data? :)

    If you are still using synthetic data then there's no point in continuing further into the logic ....
     
    #16     Mar 12, 2016
  7. botpro

    botpro

    I have all the time had and still have both.
    So, why do you ask such an off-topic question?

    You better shouldn't ask questions you certainly wouldn't understand the answer.
    You have no clue what "synthetic data", ie. GBM data is. It is used by professionals.
     
    Last edited: Mar 12, 2016
    #17     Mar 12, 2016
  8. eganon69

    eganon69

    If a blind man can not see does that mean eyeballs are useless?
     
    #18     Mar 12, 2016
    dartmus likes this.
  9. botpro

    botpro

    A very philosophical question, inded... :D
     
    #19     Mar 12, 2016
  10. dartmus

    dartmus

    Synthetic data is created by an algo that is different than the algos which create the real data. :D

    Why do u have the synthetic data? This leads me (and others) to conclude the concepts u talk about are as equally flawed as your accusations that I and others were data vendors because we tried to help u see the difference between these algos.
     
    #20     Mar 12, 2016
    Chubbly likes this.