What people and what is their backgrounds in finance? No need to be specific with names, just background.1. Have any of these folks every been published in a peer reviewed financial journal? 2. Have any managed 100 million plus? 3. Are ANY wealthy with mad money purely from trading? I'll trust you will provide truthful answers. Remember, astrologers and other mystics, who are clearly 100% in error, have their own personal support system of others with years of experience. Astro is just an example of a proven wrong belief system with multiple adherents. surf
All these questions are irrelevant to the thread topic and are private by nature. Why not prove my theses stated in previous posts wrong instead if you believe what I said is far from reality?
You CANNOT compare those that read the stars to make trading decisions vrs those who actually use MARKET DATA to make trading decisions. Apples and oranges.
That's not the comparison, and if it was, astrologers likely have more data points over longer time frames than the market provides.
No they are not. Knowledge has a context and I'm making the point that untill I am proved wrong, your market knowledge framework is built on very shaky ground. You are clearly uber intelligent, but even the smartest folks can be misled by spurious correlations... This is why context and source is critical. When I started, I also believed every claim and thought positive equity series were verification of the method. Then I discovered the number of charlatans, helpers, snake oil salesman, and even those folks who meet some unknown psychological need pretending to be a trading guru who wants to "help"--- sad but true. My mission is market truth proven by evidence. Not Internet claims and "he's a nice guy, must be true" shenanigans. So, I made the decision to only listen to proven entities in the biz. I Not just anyone who sounds "right" or agrees with me--- hence my unanswered questions on the source of your flawed premises. My sources are the world's best trading psychologists, proven traders ands successful and proven hedge fund managers and a score of academics. There are very few, if any real proven players who say the common book rhetoric you write. I know this is true as I know matny players personally. surf Ps. Sorry for the grammar. On iPhone.
We are remaining confident as the Price Drivers stay bullish on our 1000 point target YM march long trade. Staying short herbalife-- it's just a matter of time now HLF. surf
Some of us trade with objective or discretionary TA analysis and do well and others trade using completely different inputs and also do well. You chose a different path....good for you....but that does not mean you have the only answer.
I want to believe you. However, I have never seen evidence of the discretionary TA chart artists success-- just a bunch of claims. On the other hand, there is countless evidence of chart TA failing to work when you look at the failure rate and results of objective tests. In addition, there is much evidence of the success of those who trade in ways other than chart TA. Sorry, but it's true Peace Surf
Hasn't Volente been posting a successful trading record on this site for awhile now (you actually admitted to that recently on this thread)? And didn't Corninforex provide over 50 trades verified by a third party (he did btw)? If you want to continue emulating an ostrich, by all means
I'm curious what, specifically, would constitute proof to you that a trader, trading a single futures contract (to ensure there's no average-down opportunity), can in fact be consistently profitable applying one or more of the following standard technical price action concepts: 1. Entering a with-trend position on a pullback 2. Entering a with-trend position on a break of a previous high/low 3. Fading the extremes of a tradeable range 4. Entering a counter-trend position based on the old 1-2-3 reversal setup