the politically incorrect truth why TA can't work (for you)

Discussion in 'Technical Analysis' started by Xspurt, Aug 19, 2012.


  1. Highly intellectual post full of opinions, but short on evidence or subjective evidence on posts.Post some of your back tests ,forward tests and statistical results (without opinions),with some explanations of patterns tested.

    E T is a watering hole where you can claim and give opinions , they are just for entertainment reading.
     
    #141     Aug 22, 2012
  2. cornix

    cornix

    No. And I explained in the same post why. :D
     
    #142     Aug 22, 2012
  3. Oily is fishing so hard for set ups. He has threads for trashing TA on one hand and then is begging others to show him set ups

    http://www.elitetrader.com/vb/showthread.php?s=&threadid=247783

    Tough Tiitty oily.

    Surf too is begging for set ups.

    one thing the TA bashers make clear, it don't come easy :)
     
    #143     Aug 22, 2012
  4. cornix

    cornix

    Yeah, funny indeed, I don't recall many of this thread participants coming to Surf's threads and saying his analysis is crap... Maybe cause they don't care too much. :)
     
    #144     Aug 22, 2012
  5. The best solution to prove t/a point is for the xpurt to make 50 live calls in advance , in a journal.This will eliminate hindsight biases.

    As for yourself , you have no evidence to present . My mother can trade blindfolded and does not need to use t/a , so she was an even better than Vic and Mr turtle who apparently blew up funds ,left right and centre in live advance trading.
     
    #145     Aug 22, 2012
  6. cornix

    cornix

    What makes you think anyone of us here cares to prove you something? :)

    BTW, please provide an evidence that Vic blew up the fund, otherwise it's just hollow words.
     
    #146     Aug 22, 2012
  7. What makes money is not how to use t/a , but what not to do when lagging t/a throws three different results for same inputs.
     
    #147     Aug 22, 2012
  8. cornix

    cornix

    What makes you think you know how to use TA and what exactly inputs your chart shows?
     
    #148     Aug 22, 2012
  9. ask your mother then compare to the TA set ups you have Googled

    OR

    quit Googling and learn TA

    Seriously, the question you ask is something every trader that has cracked TA had to find the answer to. There is not one solution - there are many.

    You job is to find one and if you don't get spoon fed answers on ET, then be prepared to work your balls of for a few years and then if you cut it you'll understand why traders here don't give free rides.

    you also understand why TA bashers are so reluctant to post the failed TA that convinced them TA doesn't work. Credit to you that you did.
     
    #149     Aug 22, 2012
  10. I have experience of failed trends , noise , false breakouts , failure of t/a , unexpected resistance and support , unexpected reversals etc etc , so I try t/a as a dubious science..

    I have loss marks to want me to not rely on t/a , but my sixth sense of the markets.
     
    #150     Aug 22, 2012