I had copied this thread at the point where there was one more post after yours. Over the 116 page print out I didn't run into anything beyond the scope and bounds of the TA stuff I understand thoroughly and use on an excellent level. I highlited the more important misperceptions that posters made in the thread. On three levels of importance of misperception there were respectively 42, 18 and 10 "stupid TA facts". After these 70, there are many many more than this in total. This thread was one way of talking about TA as a personified thing, meaning that TA is a personal construct that is a "what", "how", "why" and even for some a "when". The body of TA is actually a people oriented thing and, mostly, were it to be used for something of value, the "making money" part might show up in the picture. Personally, I've never had a period in my life when there wasn't a public demo going on for using TA to make money over the last nearly 50 years. I am not surprised easily, but this thread certainly has omitted salient discussion of most of the highly valuable aspects of what a person's TA misconceptions can do to instill perceptions of "flaws" in TA. TA has four distinct independent applications: Monitoring, analysis, decision making and timely action taking. The thread certainly is not about what TA is really (by announced intention); not a discussion of how persons rid themselves of stupid TA facts; not a discussion of being able to percieve of other's misconceptions and, finally, not a discussion of "knowing how to know". So it is very superficial and of little value. If anyone thinks that it has much value for personal use, they are mistaken. Idirectly, the thread does go quite far to prove quite thoroughly that it is impossible to build on stupid facts and the conventional misunderstandings that abound in ET.
Perhaps: As long as at least One systematic trader (particularly with automated execution) makes money Consistently, we can't say TA doesn't work, imo.
thx Jack. Refreshingly clear like always. This should settle any still hanging TA question nononsense
Is this randomness? Tommorrows range will in MOST cases be a goodly slice of todays range with more down or up range added to it. Look at any daily chart and you will see this to be so. Of course, in extreme trends/gaps down or up this doesn't necessarily hold true. Nevertheless, MOST of the time ot is true. This simple observation speaks volumes to me.
What I said was: You missed all the mistaken thoughts that were posted by yourself and others that you should have taken into account in your comments. Anyone who makes comments upon mistaken thoughts and ideas is in the same boat as those who do not know what is going on. You have put yourself in the dummy group by your actions and posts yet once again. This may not be clear to you as yet.
View of a newby. To me TA must be an art form because if it was objective enough for many traders to use identically the profitability would evaporate. Kinda like on average a mutual fund manager cannot beat the market average without assuming more risk.
42 pages and no one, including the person who started the thread, has yet to write one single lucid exposition of a 'flaw' of TA. And Jack peddling the same crap as always. A good reminder why I have him on ignore. Now, please carry on in your attempt to appear all intellectual and shit.