Who needs OPM when you have plenty of your own to trade with? I'm fully in control with my own funds, and have all the leverage I need to execute my strats successfully. I think this OPM question is irrelevant and typical of the anti TA brigade
You will eventually understand that your profits are despite of the TA crutch, rather than due to TA. Once you reach this understanding, then you will be on the right track to grasping how markets really work.
Well I enjoy OPM as a cool new experience of expanding my abilities as a trader, but said about it here more for the sake of saying my results are objective to other people as well. It's really amazing how Surf denies something based just on the fact he and some "academics" can't do it.
Oh come on Surf, now you know better than myself what contributes to my profits? With such abilities you should call every market turn in advance and with 100% precision. I know you are a journalist and interested in bright discussion, but you simply can't deny facts I presented you. Now when I tell you I trade charts you say "no, you don't". Try to look at yourself from the side and imagine how it looks like. P. S. I don't know what you mean by knowing how markets really work, but isn't a trader supposed to do just one thing: produce profits?
The OP's flaw is that he believes that ALL TA has been studied but he is wrong. Too many combinations of inputs; it would be impossible to test every combination that a trader has access to. Impossible! End of discussion
Yea. OK they took some TA patterns (OK, fine, MANY patterns ) mechanically tested them and concluded they "don't work". I have no idea how it relates to the fact that I have patterns I know do work and people I shared some of the ideas with also tend to make it work. This "academic research showed" may sell well for uneducated crowd, but hey, I am an academic myself and know too well academic is not equal to all-knowing sage. Actually very often so far from that.
Must be nice, brother. Do you make your complete living trading your own account with no other sources of income? And if so, surely the source of the capital is something other than Your trading--- right? PS-- by the way, do I know you outside of this board?
I put more faith on what I've experienced and continue to experience than what some academics believe, specifically because I'm pretty darn sure that they have not tested all the components in my method, in the order in which I use them and over the time frames that I overlap to identify trading opps. Too many specific moving parts.
Definitely. If your real life experience shows you one thing and then some "academics" suddenly state that's "impossible" then what? Obviously we should admit it's impossible and stop making profits.
Gosh darn it! I went to pay my credit card bill and the bank sent me a message saying, "We're sorry we cannot accept your payment. It was recently brought to our attention that the funds you are using for payment were obtained through profitable trading that was conducted using the technical analysis of price action, which has been proven in academic studies to be no better than throwing darts."