anyone who tries to predict is doomed!.. anticipate OK.. cool with that.. but predicting.. lol anything can happen.. nothing is due.. but there are some assumptions one can make due to certain price behaviour at certain levels.. where one thing is more likely to happen then the other , without risking too much bullets one is capable to shoot if it aint going to happen.. init ?
Sure, no doubt. But i maintain that if the market is moving higher and you go long, or moving lower and you short--- it has the same odds of winning as any TA pattern. The real key , if you dont have a real edge, is money management. surf
http://www.elitetrader.com/et/index...fitably-backtested.147576/page-5#post-2218032 Doesn't look like random outcomes to me.
Its missing a real predictive factor, the no calls and no blotters is what raises the flag to those not in the know.
Wrong every trade is a prediction, even if you are reacting. BTW dont play games with semantics, anticipate is a synonym of predict.
"I also recall hearing stories of people losng money in the stock market". From your link. LMFAO! surf
Of course some people lose money in the stock market. Wtf does that have to do with your fairytale that TA never works? Dude, if you can disprove the backtest results, then do it. Otherwise you're just blowing your usual smoke.
Mandatory reading for linedrawers: http://www.elitetrader.com/et/index...rtheless-think-theyll-be-millionaires.289608/