I cannot believe that this thread exploded into 54 pages based upon an impossible premise to prove factually. Geez Louise. But if there is a website with paid subscriptions and each member has to submit brokerage/FCM statements beforehand in order to get admitted... well, I'd be all for that. Wait... Bernie Madoff got by with that for at least a decade.
These are general comments. Backtesting does not work. There is no need to predict. By using and only using the mathematics dictated by markets, then you always "know you know" in the Present. The only place trading takes place is in the Present. The standard for being the best is "taking the full offer of the market" on your trading fractal. Fortunately, all fractals are interlocking from smallest to slowest. The mathematical concept of dependent and independent varibles applies to markets. Each of the variables is absolutely and completely defined.
you are incorrect and Donna is absolutely correct. besides this, there are many many ways to trade profitably. To me it looks like your mind is ir-repairably damaged (since it is so difficult to erase mistaken beliefs) Try a new handle.
your meaning was deeper than what I said? Fuxx, you do not even get the terminology straight. Already after 50+ posts you display you are insaner than JH. By the way, all TA has been tested on every time series compression on earth, and guess what the verdict is...
of course you could and never would assist in adding your take to this discussion, after all you are selling books courses, and software that is based to a large degree on technical analysis.
Oh please, the number of possible combinations of the different TA inputs would be impossible to test. My combination of inputs is still as robust as it was in 1999, adjusting for volatility when it expands or contacts. Otherwise, not much has changed in the SPY/ES
Totally agree and will extend it a bit. There are endless combinations using BASIC-EASY simple stuff to make it in day trading. That sentence is also the reason many do not make it. When considering the endless combos that the mkt tosses at you every day and endless ways for price to travel to the next 30 or so tick target, no one will have a snowballs chance in hell to be CONSISTENT until they wise up and DISCARD 97% of all the ways to capture those tick targets. IT IS SIMPLY IMPOSSIBLE to do without a solid, cut and dried method that is distilled down to the bone. How many of you TA non believers start the day and flip-flop around in the suggestion box for an entry based on the flavor of the moment? Think real hard and ask yourself why MANY can do it but yet so many fail. Ok, I PROMISE.........this is last post on this subject. To tell you the truth, it hurts to read how so many non-believers of TA do not understand how to win in a losers game. The reason this is called a losers game is because it looks so easy but yet so hard because there are tons of possible ways to win and new folks try them all at once............THAT guarantees failure. LESS IS MORE............ let that sink in. Listen to NoDoji and Jack, they might be sunbaked but are not fools. PS: If any of you TA non-believers went to a shrink and discussed your problem of why TA does not work for you and it is sweet for others, the answer back to you would be like this: "you want something for nothing sonny, it will not happen, quit the complaining and get to work on the subject or give it a rest" Please pay the cashier for my fee, NOW SCAT!!!
Rarely do any of us grow up learning how to operate in an arena that allows for complete freedom of creative expression, with no external structure to restrict it in any way. In the trading environment, you will have to make up your own rules and then have the discipline to abide by them. The problem is, price movement is fluid, always in motion, quite unlike the highly structured events that most of us are accustomed to. In the market environment, the decisions that confront you are as endless as the price movements you intend to take advantage of. You don't just have to decide to participate, you also have to decide when to enter, how long to stay in, and under what conditions to get out. There is no beginning, middle, or end - only what you create in your own mind. Livermore
Are you sure that's a Jesse Livermore quote? My terrible memory recalls reading that in The Disciplined Trader by Mark Douglas