If you want to fail as a trader, study TA

TheMan · Jul 29, 2010

Quote from Mysteron:

Its amazed me how much silliness there has been on this forum, and that it has persisted even after TE has gone.

Why do the silly posts persist I wonder, what can the idiots gain, don't they have anything more useful to do with their time. There is a simple answer of course, that the idiots responsible seem to find a cosy sense of solidarity with fellow idiots.

Regarding the real intention behind this thread, an old saying comes to mind: never look a gift horse in the mouth.

The Expert has set up a new forum for serious traders only and only those who are able to think for themselves will be invited
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i would like to FORMALLY apologize for my SILLINESS

SILLY me

LOOKING back, had i been SERIOUS instead of SILLY, maybe i would

have RECEIVED an invite to the SERIOUS forum.

COULDA SHOULDA WOULDA

fresh out of poems as of now

TheMan is currently done SPEWING out SILLY ( yet SERIOUS) info for this POST

IchibomB · Jul 30, 2010

Let's compare YTD P/L and then we'll see who really trades here.

That's all trading comes down to. What's your YTD P/L?

Anyone?

odlareg · Aug 1, 2010

Quote from Mysteron:

Question for TE.

On the site that shall be nameless you had a discussion of H-L, C-O and the opening gap. There was brief mention of H-L, C-O and the opening gap this earlier in this thread, by RN if I recall correctly, who gave numbers without naming those terms, in response to a chart you posted. I never did grasp what the purpose was. As an illustration the picture shown is typical, but the lower plot shows C-O and opening gap as a % of H-L.

So what were you getting at?

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MN,

Any interest in working this out by PM? I really wouldn't disturb the lurkers and knowalls.

CoconutJelly · Sep 4, 2010

the word is Inductive

Fibbin-Archie · Sep 4, 2010

Guys,

Just be careful if you're asked to contribute to a fund.

Just recently it appears that a very well respected name on another trading site, has indeed run off with large sums of investors cash, it does happen...

candletrader · Sep 4, 2010

For those who say TA does not work, they are looking at the wrong thing.

You can use any of the following to generate your entry:
1) TA
2) Level 2
3) Random entry via a coin flip

What actually is the problem for those who say TA does not work is not the TA itself but position sizing and trade management once in the trade because of TA (or Level 2... or random entries).

deaddog · Sep 4, 2010

Quote from candletrader:

For those who say TA does not work, they are looking at the wrong thing.

You can use any of the following to generate your entry:
1) TA
2) Level 2
3) Random entry via a coin flip

What actually is the problem for those who say TA does not work is not the TA itself but position sizing and trade management once in the trade because of TA (or Level 2... or random entries).
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Right!!!

It should read, âTA doesnât work for me becauseâ:

I donât know how to use it
I donât have the discipline to use it
I have no money management plan.

bestautomatedtr · Sep 5, 2010

Quote from deaddog:

Right!!!

It should read, âTA doesnât work for me becauseâ:

I have no money management plan.
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It's the most important thing when you want to trading by using TA.

ammo · Sep 5, 2010

every baseball player batting under .300 should be able to say the bats suck,that is the obvious problem

Fibbin-Archie · Sep 15, 2010

Did we ever get around to discussing Supply/Demand & Price dynamics on this thread?

Is that what TE was on about with all his "Trading with The Generals" et al?

Trading with The Generals or rather trading with Smart Money, institutional operators, dealers, brokers, MMs, etc.

In order to trade with Smart Money, you need to trade against Dumb Money, and what's the main stay of Dumb Money decision making? A certain type of analysis perchance?

Anyone care to start the ball rolling?

VSA fans are more than welcome...