Technical Analysis Doesn't Work

Your statement is of course correct, proflogic, but your statement is equally, of course, not what I was talking about when I stated that time was one of the three degrees of freedom present in the market (whatever market you might wish to talk about). It is a fact that time is the only aspect of market action that the people who run the shell game can't dick with. Relativistic considerations aside, it just keeps moving along at the same pace.

And speaking of P&F charts, while not expressly having a "time" axis, clearly time is a component which is considered when constructing a P&F chart, as in, "What time frame is my P&F chart going to be concerned with?" Whilst at first glance this statement might appear to be rather trite, it is not and here's why. Multiple time frame analysis, however one might wish to construct said analysis, is, IMO, a very useful adjunct to any methodology one uses to make money in the market.

lj

 

So, if what I do (which you don't understand or can't grasp) isn't original then who before me created it? Precisely, Constant Volume Bar Recognition of Specific Price Movement & Action and How it Creates a Non-Varying Charting Environment.

This is a logic equation. Solve it or at the very least, answer it.

 

useless.

You probably don't know these traders, you surely cannot read their minds, and they are not going to show or tell you how things work.

You trade against the market, so watch the market, not the other traders. The market gives or takes your money.

 

I agree. I view Price Action in that open environment of time just not use time as a primary decision factor.
Example: Price creates more bars during rth than overnight but when a set-up is created the trade is executed regardless of time.

Thanks for clarifying your point.

 

Me too. A setup is a setup by any other name.

lj

 

Technical analysts is all about identifying non-random price patterns and trends in financial markets in an attempt to exploit those patterns.

If your own technical analysis does not work, then your analysis is simply not good enough.

 

Couldn't have said it more simply or more eloquently.

 

But to protect your own ego it is easier to blaim TA for not working.
As it is always easier to blame anyone or anything for what might be a personal failure.

 

Quote from ProfLogic:

When someone brings a conversation with you to a point where you are unfamiliar or lack knowledge, instead of verifying and learning from it, you revert to name calling.

Hardly. Take a peek at Landis if this is what you desire.

You speak of my mistakes but by simply calling them mistakes doesn't make it so. If I have stated something in error, please inform me of the correct rationalization of my statement. This is how normal people communicate and learn from that communication.

"Calling them mistakes" - You must be joking; approaching gaffes on a couple of them... I mentioned them several times and you ignored each time, but of course, this is the 4th? time I mentioned this

You never clarify any statement, just...

I suppose your style is more of making sweeping generalizations

...start slinging mud and turning on the flame. I guess if it makes you feel better that is acceptable in your world . . . small as it may be. This attitude will not get you far in your cube based environment but then I can only assume you are not old enough to understand that as of yet.

"small as it is", I suppose that would not qualify as slinging mud to you? You do as much as anyone but also choose to ignore this as well. Apparently when shrouded in academic semantics, your insults are above the muddy fray...