You would be very surprised-- two public examples of dozens upon dozens-- soros trades based on his back ache--this is what he says, you choose to believe him or not. secondly, Icahn buying into HL just to burn ackman's rear end--- It's interesting how you stay objective in the light of horrid personal issues, yet still believe in TA as an edge. that's a dichotomy. surf
We are speaking about completely different matters here. Soros trading based on his back ache has nothing to do with impulsive trading you described in the previous posts. Literally 100% probability that when Soros decides to buy or sell, based on his research or back ache, doesn't matter, he instructs his traders to execute the trade and they do it in a professional way to minimize the effect of moving the market by their own actions. This behavior is exactly what creates beautiful intra-day trending moves... ...here we come to the point #2, why I believe TA is an edge. It is because I believe Soros and other top market professionals act in a way I described a little above. These actions are reflected in past price/volume. And with some experience one can spot these patterns with enough probability to make consistent profits. Simple, isn't it?
I swear I read similar in 1986-- some myths never change. You really don't have a clue the way markets really work. i have tried, but i see its not effective. best wishes! surf
Why don't you enlighten me and others here instead of throwing in the towel? I share my experience and am open for discussion. If you have constructive arguments to correct me, please provide them for the benefit of ET as a whole. It creates quality content, the matter we talked about yesterday in your thread related to ET traffic dropping.
I have been doing this for quite some time-- sorry no spoon feeding. you WILL learn, its just a matter of when and how much you lose between now and then. surf
You've been criticizing but not providing any arguments, which explain your position. It is not constructive. See how Maestro replies to his opponents, he always provides some valuable arguments, not just "you are wrong" kind of answers.