TA - Objective or Psychological Skill?

Discussion in 'Technical Analysis' started by cornix, Jun 11, 2013.

  1. cornix

    cornix

    As we roll to U3 contracts in SIFs today the numbers in the analysis above should be adjusted accordingly.
     
    #141     Jun 14, 2013
  2. toolazy

    toolazy

    xsprut and JH seem quite smart guys.

    Duno bighog.

    For me, it is really all about resolving some sort of probability equations in real time. Can do it on minute chart but not tick charts.
     
    #142     Jun 14, 2013
  3. cornix

    cornix

    I prefer the most popular time-frames to trade to see what many other eyes see. Agree on equation, but that's more on the research stage. When it comes to real-time execution you simply act as an algorithm: if A then B etc.
     
    #143     Jun 14, 2013
  4. #144     Jun 14, 2013
  5. #145     Jun 14, 2013
  6. cornix

    cornix

    Stop-loss on hypothetical swing long in YMU3 would be trailed to just below 14,972 (low of last Friday).
     
    #146     Jun 17, 2013
  7. Sergio77

    Sergio77

    TA cannot become objective as long as it is subjective. :)
     
    #147     Jun 18, 2013
  8. wrbtrader

    wrbtrader

    Some TA is objective and other types of TA is subjective. Yet, its the trader that decides if he/she wants to be subjective in the use of objective TA or objective in the use of objective TA.

    The human mind is a powerful tool. We see what we want or believe what we want regardless if its objective or subjective.
     
    #148     Jun 18, 2013
  9. cornix

    cornix

    TA now agrees with PD and favors reversal to short @ 15,024 with a stop-loss above 15,278.
     
    #149     Jun 20, 2013
  10. wrbtrader

    wrbtrader

    I will assume this is NOT the thread you mention in your "Cornix TA Performance" thread that there will be correlate the TA to the performance especially considering your performance thread is real money whereas this thread the TA is hypothetical...

    Correct ?

    Also, what's a PD...maybe Price Direction ?

    Your performance thread involves real money day trading whereas the hypothetical trades posted in this thread seems like they are swing trades.
     
    #150     Jun 20, 2013