Easily can be wrong, no biggie. TA traders don't pretend to possess some secret always right method. Just odds say this or that and I do this or that. That's how I make a living.
I must have missed it. Regardless, the only thing that makes sense to post is pre trade calls--- folks can't trade in the past, so what good is showing after the fact? The old Wall Street trick of having 2 or more accounts and only showing the winner can also be used by TA traders to create a history. Please only real time before the fact calls on elite. Thanks.
You couldn't miss it but intentionally, I showed it to you numerous times and you even posted screen shots of it yourself... but never mind.
So can random entries-- easily be right or wrong. How do you measure the odds to do this or that? Odds can be quantified-- but the TA brigade rarely does-- and when they do-- the real odd edge is rare and tiny. See evidence based TA by Aronson Why not just admit you trade by feel and intuition? Using terms like odds is a misnomer in chart reading trading. surf
Can probably be intuition, but it's based on chart patterns for me, for which I know odds, because I keep the stats of them. So why fix what works?
Well, if you are being fully truthful, I can't argue with success. However, i base my market ideas via testing of millions of results across years and years of data where actual statistical biases can be shown. While personification may work in the mental health field, I would exercise caution when drawing conclusions from personal experience in the markets. just a thought. Follow me on twitter @marketsurfer surf
Dude what an epic read. Just found this thread, and was mesmerized by the JCP short. I had the 6 month chart while reading it. You gave a date of 11/1 back in Sep. Looking at the chart, the bottom was like 11/10 or so. Excellent call in the face of mounting attacks. There was a pack of attack dogs on you. I will remember this one. Stick to what you know is right, keep calm, and go sailing. Epic.
Stick with what works for you. Not sure why some people want to insist that what you are doing isn't working when you have the stats to back it up!
What eventually happens to all TA traders and trend followers---- http://www.elitetrader.com/vb/showthread.php?s=&postid=3708705#post3708705 :eek: surf