Stever, You need to be very carefully (others too) when debating about the value of TA with rcanfiel. Re-read his sentence very carefully. First he saids TA doesn't work then he follows with the statement that there's value in price action. Simply, he's intentionally removing aspects of TA that works from the picture so that he can say TA doesn't work. He's been doing the following like statements since he's arrived at EliteTrader.com: * TA doesn't work * Trendlines, s/r levels and many other price action analysis are not TA With that said, what really is occurring with rcanfiel is that he wasn't able to get one aspect of TA to work... Traditional Indicators (e.g. stoc, macd, cci et cetera). Yet, to do a little grand standing and to be argumentive... He announces that all TA doesn't work along with stating other forms of TA are being excluded from his research/debates... The stuff used by profitable traders. He once stated that those with verified proof of being profitable while using TA are probably just lucky. Steve, all the TA you have described is excluded from his arguments that TA doesn't work so that he can maintain that facade that TA doesn't work. He also stated that if it can't be coded for testing by a computer...it's not TA. Simply, his exclusion tactic implies he knows TA works and he doesn't have the guts to admit such a fact... Something that would destroy all these years of him testing and debating about merits of using Technical Analysis... He's pssst off, venting and prefers arguing. It's funny to see him enter threads that's talking about price patterns (it's happened twice) and he goes on record to say it has value and he's interested. However, as soon as you tell him its TA...he will soon disappear from the thread to never be heard from again in that thread. Mark
if aronson says that no single TA indicator works what combinations might work? any experiences to share?
I am sorry but I agree with him that price action AND volume analysis are not TA. I also think that understanding and analysing volume in relation to price should occupy not less than 75% of your trading decision.