Here are results of my live real-time experiment of applying simple TA patterns (very limited number of them, basically it were two so far) for trading my own and accounts of several clients (some of whom I know for sure read this thread and can always correct me if I'm not objective about anything). Too small sample size of course, but I will keep doing it to achieve mathematical significance. http://www.elitetrader.com/vb/showthread.php?s=&threadid=271186
surf you don't know shit about what he does, near certain guarantee you are talking out your hind quarters again!!
My "problem" with TA being a delusion comes from the following experiment: I more than once also thought what if TA patterns I use are just psychological tricks making me feel good? And applied exactly the same money/trade management rules and all other nuances to different patterns, including random entries. Somehow, results were MUCH different vs. TA patterns I pick at certain areas which I believe provide additional odds of continuation. And the difference was to the down side, sometimes very significant (basically producing a losing strategy) and on large sample size. It seems to be an evidence that at least parts of my TA approach are objectively superior to random entries.
Maestro, I have a more general question: Do you believe that there is any exploitable information in historical price/volume time series (including multivariate)? If not why? Thanks, PT
Be very careful, ET members like Xspurt and many others have been banned for marketing themselves when they start using words like "my clients". Simply, don't mention such because it makes no sense to mention such unless you're a sponsor or someone trying to get free advertising without being a sponsor. Even surf himself has gotten into trouble in the past for doing such. I never understand folks why they need to mention such under the facade of defending themselves, defending their trade methods and so on. Why give the anti-TA folks tools to get rid of you. With that said, as stated before about the mechanics of your mentioned other thread (performance record), it will be impossible for you to prove that TA works in comparison to other journals here at ET where members do explain basic TA details about their methods without revealing the specific details. Thus, you will only prove if you're a profitable trader because there's no explanation of the "simple TA" you're using in that thread nor anywhere else although I believe you had the intentions of using this thread for such proof but that too is now impossible based upon its length of not doing such. Do you plan on starting another thread for the sole purpose of discussing your simple TA methods that correlate with the performance record mentioned at the above thread. If not, the agenda of this entire discussion will soon become suspicious.
It was mentioned for the sake of objectivity and transparency, because those people can always confirm or disprove my words. And our relationships are not related to the mentioned thread, they were established long before that. Surf many times openly stated that ET led to some highly profitable business contacts for him and I don't recall him being banned for that.
You then should become a sponsor for the sake of being transparent. Also, I'll repeat something I saw Baron/Joe both said themselves (paraphrasing) down in the feedback section about others doing such under the facade of being transparent... Don't do it (seriously) unless your a sponsor. ***** If you doubt what I'm saying, talk to Baron/Joe about it to ensure they understand why you're doing such (e.g. transparent, others doing it too) and to ensure its OK with them. ***** Also, don't believe the myth that surf can't be banned again if particular sponsors start complaining again about those "marketing" themselves for free without paying for the sake of transparency. Simply, you can easily be transparent via private message in your replies to folks. Anyways, I don't think you're ever going to answer that repeated question I've asked...do you plan on discussing your simple TA to correlate to your performance thread to prove that TA works considering that was your original objective of that thread or has that purpose been changed.
Actually smurf has been banned repeatedly, including stealth vendor activities. My theory, smurf is obsessed with convincing all here to forsake charts and trading on their own. So they'll want to invest in funds he sells for a commission.
Exactly. Yet, I've only seen such when sponsors eventually got tired of seeing such or surf made the mistake of openly defending such activity in a debate with a sponsor.
I am inclined to agree with wrbtrader on this. Surf has already accused you of being a stealth vendor, mentioning clients and making any claims to success simply feeds that. Just tread carefully.