Absolutely, there are many edges. The problem lies in the fact that edges are ever changing. Fixed systems such as charts ( fixed inherently) don't adapt to changing edges and are insidious since there is always one working and past examples are everywhere. Commenting on the incessant and noxious personal attacks from this person ( whom words you call great comment) would be futile. I trust the readers will notice the gonzo hate vibe pattern thus pay it no mind. Thanks, Surf
tell that to the guys that bought oil when it was over 140 USD, my guess is they lost it all and some .... pfeeeeew .... 1 million down the drain .... MORON !
Back to intelligent debate then, chart structures are fixed, true, but price movement volume and volatility over that fixed frame are all variable. Changes in the price volatility can give a trader the opportunity to position himself accordingly.
I totally agree, there are weaknesses to any indicator, they are slow, they will not turn as like raw price, but I find beauty in this as right there is a perfect rule cause the indicator is slow. Indicators can slow down one's trading to force one from overtrading. We all want to the take the best of the best signals, the ones that have the smallest losing percentages. From day one in 1980, I have used some form of TA, back then it was EMA cause I had to do long hand and my charts with graph paper, but after all these years, 99% of the time, I can judge what an indicator will do in relationship to price and that odd 1% is an oddity that often makes money. Can spend a lifetime studying price and another life time studying indicator relationships to price, each produces different patterns. Also, too many traders only go with what a book says on how to use an indicator and when it doesn't work, it is called "Crap". But one has to think outside of the box, look for relationships that are not covered in the book, cause the 95% are going with what the books say.
No offense but this is what you are claiming. Roughly 10% per month, equivalent to 120% per year. You giving your lack of experience away, but I don't blame you, we all start by developing these crazy theories; what sucks is that people actually come here and post this nonsense, and the sad part is that you actually believe it, eventhough you have not done it because it cannot be done. Anyone that has been in the game for a long period of time knows without a shadow of a doubt that what you are claiming is impossible to achieve on a consistently basis and the sooner you learn this the better because in the meantime your capital is at risk. Best of luck and hopefully the readers reading your claim don't actually believe such fallacy. Crazy A
I'll bump this. Two of many papers that show that TA works. Keep in mind that the researchers probably has less skill than a lot of traders.
I wish I were you. I hate trading. Such a fucking bore. I can't understand how anybody likes trading. Then again, I don't get the allure of sitting in a duck blind, or ice-fishing, either.
Of course you use price to enter, but you have to use TA to determine what you want the price to be for entry.
There is no way to improve what you currently do? I agree waiting for the proper setups to gel can be annoying sometimes but I've come to the understanding that there is nothing I can do about it so I try and not let it bother me. Do you have any hobbies outside of trading?