Technical Analysis = CRAP

Exactly. Only those deluded traders and or those lacking in natural mathematical competency need the crutch of charts. These traders have nothing else but TA this is clear from there utter dependence and freakish devotion.

 

When you say 'money management', what are you using to determine the proper implementation of this?

 

Please put me in contact with or give me the name of a firm in Hong Kong or Singapore that concentrates on innovative research, quant or otherwise. I just got off SKYPE with an individual from Hong Kong this morning that stated the exact same thing and he is a trader with one of the largest banks in HK. He is constantly complaining that the quants are only interested in trying to rework old material. Last night I talked to a trader with an Australian market maker that said the same thing. Hey, I'm always interested learning that this industry is finally opening up to new ideas, please correct my misconception.

 

Ahahaha, jumping to conclusions based on a few conversations? Just like a typical technical analyst with anecdotal facts. Keep Proving the point.

 

not talking for fritz but what he posted looks like scale trading sort of. you need some deep pockets but when it comes your way you win. his idea of trailing a stop is the money management. i personally use computers to tell me that a certain money management works or not. other people eyeball from experience.

he is like a trend trader they endure many small losses and catch one big move. i don't like that method myself but to each his own, i respect that there are many many methods to make money trading.

m

 

Excuse me???

Why would you make this comment instead of just correcting my misconception. If I'm wrong, or was given incorrection information please point to where I can fix it.

Unless your comment was unfounded and the information doesn't exist.

 

I know technical analysts need a leader or master, sorry, I am neither so don't Cocteau me to correct you. Your own words prove the point about how heavily you relie On hearsay and anecdotal evidence ur decision making. DNot worry, all techinsl analysts suffer the same malady.

 

So you don't look at price action, you trade strictly off of fundamental analysis?

 

Never even lOok at charts. All my trades are based insider activity and an understanding of common sense. Why care about the last price? It's completely irrelevant to what mOvs price. Sorry but charts are for those who don't get it yet. SOne never will-- s

 

I didnt ask about charts, I asked about price action.

Can you define 'insider activity'?