Attorneys! Now THAT is funny!!!! According to his marketing & seminars, he is looking for farm boys. The less educated the better
Which is why you refuse to subject your methods to independent verification (Sorry, unless they send you some valuable artwork or money). After all, why prove to the world that you can trade? Perfectly? Based on what your student wrote, he considers you a thief.
Yes, it is obvious you are desparate for money. Need to round up some more farmers to milk them for $$$ ???
Rcanfiel, As you are the OP may I humbly ask what is your definition of T.A. working vs not working?? Is it simply outperforming a benchmark?? Is it risk adjusted return,or some method that incorporates the volatility of return?? I am a little confused as to how you view "successful" trading. Surf(or anyone else),feel free to respond as well... Tao
hey tao, my definition of TA working is a statistically significant edge upon entry, an increase of odds shown via testing that an entry at this time will perform better than a random time entry. anecdotal evidence and hero worship doesnt cut it. im interested in real edges not voodoo or nebulous claims. surf ps. please note--- subjective, intuitive TA is not what im addresing, im talking about objective, binary TA in the style of p.logic or j.hershey. these tactics, by their very nature, lend themselves nicely to standard testing procedures, yet for some reason, they ALWAYS fail when tested objectively.
Perhaps one of the more interesting observations is that essentially two participants have led the rest of us by the nose for 168 pages thus far in a pseudo debate. Two participants whose trading performance (marketsurfer), or absence of same (rcanfiel), does not suggest that either of them should be holding court on the subject matter. And yet they do. Will this trend continue? ("What trend?")
do you utilize charts when you trade? are you aware that most hyper succesful pro traders do not per ET's esteemed and highly experienced LESCOR? http://www.elitetrader.com/vb/showthread.php?s=&postid=1591367#post1591367 surf