Edwards 'n' Magee = useless for daytrading?

Discussion in 'Educational Resources' started by traderkay, Sep 12, 2002.

  1. nitro

    nitro

    This sounds sensible to me...in this business, don't replace hard work with people mouthing off on public forums...

    nitro
     
    #31     Sep 19, 2002
  2. i wasn't trying to herd anybody into any camp. i already stated that if nitro and i were to compare our styles we'd find that we trade very very similarly. However, nitro asserted that practically all t/a was, quote, "worthless"...which i disagree with, because, although i, myself, don't have much use for it, i know a few other traders that are deeply into it, and use this analysis as the basis for their decision, and are doing well with it. i also said that when someon tells you can't make money doing 'X' it often - but not, by any means, always - means that they themselves haven't found success with that technique. therefore one should listen, yes - by all means listen - to others' opinions on trading, but not blindly accept them as axiomatic.
     
    #32     Sep 19, 2002
  3. dereksas

    dereksas

    Or maybe it was just the Philly Fed. Just guessing...

    --Derek
     
    #33     Sep 19, 2002