Technical Analysis does not work, never did, never will

Yes are you free this evening? I need a little one-on-one mentoring in technical analysis it seems

 

I didn't claim to know the "correct" way.

 

such a shame... it seems you also cannot seem to do it. Well, there's always coin-tossing, let's give that a try shall we?

 

Your case is hopeless, so it would be a bad investment. And as a trader I am only interested in good investments.

 

darn!

 

Hey MarketSurfer,

Paul Tudor Jones quote[Bold and underline mine]:
http://www.mbfcc.com/testimonials-tudor-jones.html

"When I meet someone who is interested in learning the trading business, I always refer them to what I consider to be the four Bibles of the business: Reminiscences of a Stock Operator by Edwin Lefevre, the fictionalized biography of the fabled Jesse Livermore; Technical Analysis of Stock Trends by McGee and Edwards, which was written in the first half of the 20th century and whose tenets still hold today; The Elliott Wave Theorist by Robert Prechter and A. J. Frost, a classic; and finally Market Wizards by Jack Schwager, which is a compilation of interviews with great traders. Reminiscences is a wonderfully entertaining read that mostly illuminates the emotional highs and lows that go with trading and tape reading. Technical Analysis of Stock Trends and The Elliott Wave Theorist both give very specific and systematic ways to approach developing great reward/risk ratios for entering into a business contract with the marketplace, which is what every trade should be if properly and thoughtfully executed. Finally, Market Wizards is a great read if but to learn one lesson over and over again from virtually every single trader who tells his tale in the book - that is, to make great sums of money you first have to learn how to lose much smaller sums of it when you're wrong."

Now go tell PTJ that he is an idiot and that TA doesn't work. Let him know that you are smarter than him. blahahahahahahha

This is not the guy I referred to as my friend in the post above. I do not know PTJ.

 

I am surprised this thread isnt deleted and the sock puppets banned. Blatant trolling for clicks. I think someone is enjoying the negative attention.

 

Why does this subject get you so worked up?

 

Yo probably should quit whining like a little girl, it's a bit of an embarrassment.

 

We should change the name of the website from ELITETRADER to TA TRADER.
There are two reasons for doing that:

1. there is no elite (anymore) at all on this website
2. the word "TA" seems to be generate a lot of exitment