Technical Analysis Doesn't Work

Discussion in 'Technical Analysis' started by rcanfiel, Jul 16, 2007.

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  1. They were pointed out. You ignored them. YOu said this same response several back. I think we are now up to 5 reminders. Short term memory needs a little work.
     
    #291     Jul 22, 2007
  2. the urge to believe is strong among traders. the people who should be the most cynical and shrewd in this regard are really the most naive'. appeals to dubious authority, anecdotal evidence, flames, and now even threats from the true TA believers are really all that has been provided. there's even people pointing at TV shows and unnamed "et medical professionals" who are clearly unlearned in this regard or blatantly created as an authority to flame a non believer. talk of "secret methods", "it will work in the future" and even "secret societies" have been put forth by the true believers. funny stuff!

    reams of research has been done in this regard indicating that no edge exists in TA, and any positive conclusion is dubious at best.

    listen to the evidence, or listen to the true believers and system sellers/ TA "educators". Bottom line is the market infrastructure has an insatiable appetite for new and more money--- TA provides this fuel in spades.



    surf
     
    #292     Jul 22, 2007
  3. Will You guys grow up. Based on all I have read so far, most of you are college Graduates and arguing like 11 year olds. It's all about bruised egos. Arrogance and big Egos are two of the most destructive traits in humans. The most powerful and most intelligent people are always humble.

    Whether you use TA or not, just trade with what you know, make a lot of money and live your life to the fullest.

    All we have in this world is this very moment and nothing else. A year, 5 years, 20 years or 70 years from this moment, we'll all be rotting corpses, eaten by maggots and eventually turn to dust. What are you fighting over?

    There is more to life than trading, not to talk of TA or FA.

    Let's move on and discuss things like Money Management or Self Management that might help a lot more people in this forum than this childish banter.
     
    #293     Jul 22, 2007
  4. Yeah! that's right.. i mean who needs charts? who needs t/a? i don't even trade with quotes. Such a "scam"..


     
    #294     Jul 22, 2007
  5. common disorders in trading:

    1) narcissistic personality disorder (npd)
    2) meglomania
    3) adult ADD
    4) pathological gambling disorder
    5) intermittent explosive disorder
    6) domestic violence
    7) bipolar disorder (manic depression)
    8) paranoia
    9) schizophrenia
    10) persecution complex
    11) slew of phobias (take ur pick http://phobialist.com/
    12) addictive disorders



     
    #295     Jul 22, 2007
  6. kut2k2

    kut2k2

    You keep contradicting yourself while accusing others of the same.

    You concede that there may be an edge in STA (dependent upon the particular trader, of course ), then you continue to state that "TA" (which means ALL TA, including STA) is valueless.

    Maybe you should stop making dogmatic statements, for starters.

    Second, maybe if you post citations of those "reams of research" instead of acting like "everybody knows" wtf you're talking about, that would go a very long way to support your position.

    You can't claim to hold the logical high ground when you're committing as many fallacies of argument as your opposition.

    regards,
    kut2k2
     
    #296     Jul 22, 2007

  7. thanks for the cogent post. however, i don't believe i'm contradicting myself. subjective TA can't be tested, so there may be value there of some kind, im not going to discount it 100%. i use intuition in my personal trading at times, and have used all kinds of esoteric TA, however this does not mean i believe there is a real edge here any longer.

    for starters--- read winner take all by gallacher, and practical speculation by VN and kenner for basic non academic work done in this regard.

    regards,
    surf
     
    #297     Jul 22, 2007

  8. aren't those the common/primary disorders of 21 century mankind?

    :D :D :D surf
     
    #298     Jul 22, 2007
  9. achilles28

    achilles28

    I know. Sometimes I come off as a pompous ass.

    Didn't mean it that way, FWIW :D
     
    #299     Jul 23, 2007
  10. BSAM

    BSAM

    Nice post. PetaDollar are you out there?
     
    #300     Jul 23, 2007
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