TA does work because ...

Discussion in 'Technical Analysis' started by kut2k2, Aug 9, 2012.

  1. kut2k2

    kut2k2

    There are an infinite number of different ways to manipulate price and/or volume data to form technical indicators. The idea that any academic study looking at a necessarily tiny, tiny subset of the infinite number of indicators can reasonably conclude that "TA doesn't work" is laughably ridiculous on its face.

    The TA that is known to work is rare and undisclosed to the public. Nobody is going to just hand it to you ... unless he's your dad or you saved his life or something similar. Looking for TA that works on this website is a fool's errand. You'll have to do your homework if you want TA to work for you.
     
    classiccharts17 and dratsum like this.
  2. irniger

    irniger

    Finding, combining, adapting and backtesting reliable indicators is the easier job. Trusting them in practice and using them is the hard thing. Always hesitating and being afraid of losses leads to missing profit opportunities.

    But if in practice you still make half of the theoretical profits, you are on the winner's side.

    Felix
     
    NoDoji likes this.
  3. vinc

    vinc

    either a strategy is OBJECTIVE AND TESTABLE or ...
    it isn't and that's where all the BS begins..
     
    marketsurfer and dratsum like this.
  4. kut2k2

    kut2k2

    dratsum likes this.
  5. You'll put elitetrader out of business with posts like that!! lol
    That's why everyone is here everyday posting away!

    But yeah. Maybe the secret indicators or secret settings for indicators can't be mentioned for fear of duluting the edge.
     
  6. kut2k2

    kut2k2

    As my previous post demonstrates, I was wrong. There is some disclosed TA that works. Why naysayers are busy ignoring it is a mystery. Must be psychological.
     
  7. We're really still doing this?

    The ones attacking TA are fundamentalists or quants who are a bunch of naysayers because they obviously suck at TA.

    TA and price action does present an edge especially when combined with other phenomena. Point being just because they suck at using it to make consistent profits doesn't mean we all do.
     
  8. kut2k2

    kut2k2

    People demand hard evidence. I posted a link to hard evidence. No big deal otherwise.
     
  9. dratsum

    dratsum

    There's only a few circumstances where it's logical to not trust a strategy. Improper or non existent testing. Inverted risk:reward ratio. Martingale strategies. If there are others I'ld like to know what they are??? If the testing used walk forward windows and the logic behind the concept is sound then I fail to see how so many traders can claim even counter intuitive trade setups could cause doubt.
     
    d08 likes this.
  10. Q3D

    Q3D

    Incorrect, if you define a strategy as following price-action setups. Al Brooks writes that even the best setups can fail ~40% of the time if I recall correctly.
     
    #10     Oct 3, 2015