Surf... Your book is titled "Beat The Machines". Now, I really don't know anything about HFT or what kind of algorithms they have set up. But they have to be set up using indicators that are looking at multiple time frame data-points. This in and upon itself is TA when you think about it. If one is going to trade with a short time frame, it seems to me it would be wise to understand TA as the machines do. 1000's of hours spent watching one minute charts on various high volume stocks has taught me that there are patterns that repeat day in and day out. Its sooo easy to predict the next move on a minute by minute basis when one of these patterns manifests itself. Yesterday I was watching NFLX and it was so painfully obvious that a 20 cent pop was coming. I sat there and said "here it comes". Like clockwork. I also think, aside from outlier type events, machines use TA on a long term basis. All things being equal, when a stock breaks above a resistance level with good volume, its going to keep running for a day or so. So TA is not necessarily vodoo and hindsight if its incorporated into the machines that trade big $'s. I mean it may be vodoo and hindsight on the surface... but if its written into the programing used by the likes of GS trading operations ..... hey... you can't bang your head against the wall screaming that TA is useless. Because its not. And its pretty obvious to me that the big operations are incorporating it both long and short term. Swimming upstream in a fast current doesn't work well when money's on the line. So a STRONG understanding of TA is crucial to being a successful individual retail trader. But whatever. Just my $0.02
I don't consider myself as a troll, but the last thing I would like to happen is to appear in any magazine or newspaper . I prefer to stay low profile as long as possible. But if you want to make money from other people you should appear everywhere as much as possible.
BOOM!!! But...2,882 posts and no likes, perhaps you should not pay attention to this blast from the past.
If you check his profile, registered Feb 2007. The point is, the 'Like' feature is only a recent add on to ET, hence why the low ratio
"Likes" are for teenage girls on Facebook. If you want likes go down to P&R and bash the Dems or Trumpy one way or the other. Or.... bash Surf. Thats always good for a few. Baron should freeze the "likes" and make them like bitcoins. Only so many. Then we'll see who's who. Give a bank of 25 after 100 posts for new members. All planks get a bank of 200. Make things interesting. Or some ratio like that. Reset em all.
Posting on forum is a little like emails, they can be misinterpreted, that is the mood of what is being stated. Using likes can soften something to convey the feeling to others you agree with them. My opinion is they do more good than bad for ET. As for tallying up likes, well that is for those who wish to stroke their ego I suppose.
This faux war against TA is tiresome. The facts are your calls on this thread have been atrocious, you are staring down the barrel of 8 straight losses while averaging into positions. The whole anti TA thing is just a deflection. carry on.