Technical Analysis is total rubbish! Here's the proof!

Discussion in 'Technical Analysis' started by SillyWilly, Apr 27, 2018.

  1. Price and volume? Does not make a difference. Show me a trader who uses current or past prices and volume alone and made a killing over the past 5 years and I tip my hat. I have honestly never met a single soul and not even heard of one. And I would claim to have seen more trading desks, sat on trading desks and traded at various banks and hedge funds than you have. I am curious, does such person exist. I don't know of a single soul. Do you?

     
    #91     Apr 29, 2018
  2. schweiz

    schweiz

    You are like the snake oil vendors, avoiding difficult questions.

    You don't have that list, just pure imagination and fake arguments to proof a point. If you don't post that list you are as fake as those you accuse of being fake.

    If I would post these audited results you will for 100% tell they are fake or find any other reason as excuse for not posting the +500 list (that does not exist).

    I have been in trading desks too. All they did was taking orders from clients and make commission from these orders. Has nothing to do with real trading.

    I will stop this stupid discussions, have better things to do.
     
    #92     Apr 29, 2018
  3. Why don't you start with news on efinancialcareers. That should get you started. You should be able to come across over 200 names on articles dated 2018 alone. It is you guys who can't provide a single name. Not one.

     
    #93     Apr 29, 2018
  4. Those trading desks you are describing are execution traders. Congratulations you have witnessed monkeys hitting buttons as per client instruction. That is not trading.

     
    #94     Apr 29, 2018
  5. tiddlywinks

    tiddlywinks


    Strudel does not/will not differentiate between a day-trader, an investor, or the "title" of trader.

    Strudel's noodles are stuck.
     
    #95     Apr 29, 2018
    tommcginnis likes this.
  6. Only took you few pages to get converted? I guess the promise to sit at home, watch couple charts and prices flicker on the screen, while getting rich is too good to pass up.

    For the sake of the discussion it is completely irrelevant which time frames we are talking about. There are traders that sling currencies several yards in size each day with holding periods of several hours at times, only. Economic and fundamental analysis has never been resorted to the toolset of investors and long term traders, only. Same with stocks, there are many professional traders that trade based on the analysis of corporate events, regulatory framework dynamics and the like. They may only hold intraday positions.

    I am not sure why you introduce different time frames here when the topic under discussion per your own definition is technical analysis (unless of course you actually are a TA snake oil salesman who plays dumb to reel in new unassuming fish)

     
    #96     Apr 29, 2018
  7. tommcginnis

    tommcginnis

    Two words for you:

    algorithmic trading.

    You're welcome.
     
    #97     Apr 29, 2018
    padutrader likes this.
  8. Are you referring to hft? If non-hft, do you know of a single algorithmic trader who over 5 years or longer has a profitable track record, trades purely on current and past prices and does not benefit from the true edge hft provides, which is an edge in latencies and order routing? If, would you mind sharing that name and how we may gain access to his track record? In case you refer to names such as AQR I am not sure you are aware but not a single of their funds and algorithms relies on current and past prices, only. I work in this particular area and am happy to have a separate discussion on this topic but I like to stick here to one topic

     
    #98     Apr 29, 2018
  9. tommcginnis

    tommcginnis

    At present, future prices don't exist. All we've got are bids and offers, bids and offers.
    So if we can sharpen that nearly-infinite universe down some, that would be A Good Thing.

    Enter, "T/A".....

    ("Yayyy-yyyyyy!")
     
    #99     Apr 29, 2018
  10. Volume in its various forms, sentiment, cross asset correlations, volatility, news releases. I feel sorry for you if you limit yourself to prices dancing on your screen but the arsenal of available metrics is much deeper. You are welcome.

    Ps market expectations on future prices are readily available on various assets. They are implied by vol surfaces. You may wanna review derivatives 101.

     
    #100     Apr 29, 2018