Remember, its not about if S/R holds or not, not about being right or wrong it's above risking a small controlled amount where the upside is greater. Look for any setup, where above applies and milk it every time you see it ( if the win rate isn't much below 50% obvs )
Forget about "reveal" of anything... for a few bucks I can get promos saying anything (within the necessary rules, regs, and laws) I want to!! No reveal, no wasted time by anyone. Seems to me S&P and Moodys were paid for something along similar lines in the fixed income markets. So there is proof the scheme itself is worthwhile!
Perfect proof that no one with a real trading method would ever reveal it; it would go with them to their grave. Ergo, ALL revealed methods - including TA - are fake. (Also worth noting: the commonly-held assumption that it can be damaged by even ONE other person knowing it. All the more evidence for these putative methods' fragility and impossibility of replication, and so uselesness to anyone but one person.) Next?
I agree. TA is useless and I personally don't use TA. But it's the herd-mentality behind it that acts as a market catalyst. There are just simply too many dumb-money. BTW you talk more like an armchair philosopher than a trader. Maybe you should change profession. None of that analytic logical mumbo-jumbo is very helpful around here. Just saying.
ES and end-of-day data; Lowly, revered, reviled MACD. ENTER on a crossover when histogram greater than |2|... EXIT on a |histogram| reduction of 20% You're welcome. Not very fancy. Not very sophisticated. 10,000 ways to improve it -- but that's the idea. Graph this out and see for yourself. What if you went long a 3x inverse ETF, for 24 hours, at every exit? What if you reduced your EXIT reduction trigger to 18%? What if you went only long, from May→October? What if you added a TP exit at 2*ATR(5)?? What if...... Always be thinkin'........
Now I took your comment as an obvious joke, but it is funny criticizing philosophy while simultaneously arguing the merits of TA. -and this is coming from someone who believes TA has a certain validity and whose opinion of Philosophy was formed by the great Mel Brooks in the film History of the World Part 1. "oh, you're a philosopher, so did you bullshit today." Now if you'll excuse me, I'm going to get really high and see if I can understand what the hell shadows in a cave are all about...
I just love seeing the writhing jealousy that decent writing and the ability to think rationally provokes in the abysmally stupid and the small-minded (who always herd together - perhaps a reproductive strategy?) It pisses them off no end and forces them to strain their one brain cell to come up with an insult. "Armchair professor" - wow, that must have taken an hour of grunting and sweating to produce. I swear, you can just about see the red face and the spittle on their screens. Say, is that a banjo playing in the background?... As it is, I'm rather grateful to them for identifying themselves; it's a great time saver. This way, a quick little block, and - ta-daa! - this forum instantly gains in quality for me. Win! (As to the cave: don't bother. You can't drag them out, and - Q.E.D. - they'll resent and hate you for even trying.)
Tom, I'd be perfectly happy to use chicken entrails if they worked. But there's a catch: the number of possible hypotheses is infinite, but our time is not. Without some method of pre-selection, it's a waste of time. But if you can demonstrate the reliability and repeatability of your method and teach me to replicate it, I'll stand behind that kilobuck offer. I agree. A very large part of that thinking should be about cost/benefit ratios...