Technical analysis :useless junk science

Discussion in 'Technical Analysis' started by oilfxpro, Sep 1, 2012.

  1. Here another rising wedge is costly.The point is t/a does not make one more profitable , looking and reading charts can often confuse traders.
     
    #411     Sep 29, 2012
  2. You continually mock TA and specifically mock my TA calling it hindsight when I've made over 100 future calls on ET.

    You say it's impossible to trade with the tight stops I use.

    You give endless stupid examples of what you think TA is.

    BUT THERE IS ONE THING MISSING - MAKE A CALL AND PROVE YOU KNOW WHAT YOU ARE TALKING ABOUT!

    Now your bluff is called and you're in the Octagon and the door is closed. There is no crying off this time. You wanted this scrap - you got it. It is time to make the call and I'm going to do a full blown TA job immediately on your call.

    Let's see where you put these crazy wide stops and how you manage the trade. Let's do a comparison.

    According to you, I will have the weak TA hand so you can't lose. You've nothing to fear apart from total exposure. It's time OilfxChicken to put up instead of offering 40,000 pips to noobs.

    MAKE THE CALL.
     
    #412     Sep 29, 2012
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    #413     Sep 29, 2012
  4. Here stochastics is trending ...a false signal and price is above support , next it fails and reverses.

    Technical anylysis is deceiving and delusional , hence the 95 % club of failures use t/a.
     
    #414     Sep 29, 2012
  5. He's not going to accept your challenged which is why the mods for this thread should send it to chit chat.

     
    #415     Sep 29, 2012
  6. Lucrum

    Lucrum

    I've successfully done this many times. Often a setup where the market does the opposite of what it's "supposed" to do is better than the original setup.

    Mentally it can be challenging though, you have to 1) admit you were wrong 2) take a loss 3) jump on, often quickly, in the opposite direction


    I have made up for many a loss in this way.
     
    #416     Sep 29, 2012
  7. the1

    the1

    TA is like any type of analysis. It not so much the science behind it as much as it is the person interpreting the science. Trading is an art, not a science. We just use scientific tools to help us conduct our artistic activities.
     
    #417     Sep 29, 2012
  8. Hedged systems use the hedges often using grids and averaging up/down etc .They do not use any p/a t/a , and they just buy and sell releasing hedges as and when probabilities are in favour.
     
    #418     Sep 29, 2012
  9. OilfxChicken
     
    #419     Sep 29, 2012
  10. cornix

    cornix

    Hope you understand that the ONLY thing ANY EA can be based upon is TA, because ONLY data MT4 provides is PAST PRICES, period.

    If you stop deluding yourself and others talking about how "failure of TA" is not TA, then maybe, maybe you will give yourself a chance.
     
    #420     Sep 29, 2012