Like I say, two people look at a chart and one sees the details and one can't connect the PA with the lines. It's the same as in reading. Here is an example of not understanding what the word ALL means and hence the conclusions are, well, funny. The reading medal goes to you TheBlackHand I can only speak for myself on the next matter, but as far a back testing is concerned, I have never back tested anything. I have forward test for almost 30 years as I am not a great believer in back testing. Really TheBlackhand, you have a weird concept of TA so it is understandable why TA seems weird to you.
While it is true that ALL possible TA combinations cannot be tested, the SPECIFIC ones any given trader tries to use can be tested. If they don't work, move on to the next set of combinations.
Indeed. He said: 'of course ALL ta can not be tested' Implying perhaps some part of it can be tested, and part therefore cant; Which part? A big part?, a little part?, the most part? It would seem as if the part is as mysterious in definition as TA itself! One thing that has not been given in this tirade of posts is any objective testing on TA. Will anyone step up the challenge and point to some HARD EVIDENCE THAT TA WORKS THROUGH TESTING OF A FEW CONCEPTS? (enjoy the ensuing silence....)
Which set? The infinite set? And if you do find one that works (probably a random sequence of heads being flipped in the infinite expanse of TA outcomes), what happens when the market cycle changes?
Wrong again, or at least misleading. In order for a particular type of TA to be tested, it must be known. So: Known TA can be tested. Unknown TA (i.e., the vast majority of TA) obviously cannot be tested. You keep wanting to generalize from a tiny subset of TA (aka TA in the public domain) to all possible TA. Sad.
It is ironic the number of holes in these people's arguments. It's almost as if they've never learned how to do "A", much less "TA". I don't even use TA (or, I use a subset that is algorithmic, so no charts or indicators for me), but I don't go around spouting that it's impossible on the basis that I can't make it work.
This is where the "god" complex comes into play with the TA wonks. I know the secret type claims are classic in the psuedoscience literature. The premise that any past action, price, volume can increase the odds of a future move is the only premise that needs to be knocked down. Which it has numerous times. What is being said above is ludicrous-- One knows astrology makes no sense without testing every combination of stars/alignments--- the same can be said for TA. Although, TA has been tested time and time again resulting in no edge or an edge that doesnt' even beat the vig in rare circumstances. surf
I'm far from bitter. I make my living finding edge that works in the current market. It's fun to bust market myths with the believers. That said, for my personal account, I am quite pleased with price drivers so far. surf