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

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

  1. dom993

    dom993

    So, you are trading spot forex using tick chart? I am missing something?
     
    #201     Aug 25, 2012
  2. Yes, but not exclusively. I have a lot of time based charts too.
     
    #202     Aug 26, 2012
  3. A few years back I posted something that JP refers to as dropping a gold bar on ET. I don't know of anyone else on ET who developed what I had shown as a starter for what is possible, but JP did.

    It took him a few years to develop this to prove that indicators don't lag PA if they are set up correctly. I have the pleasure of trading with JP and this is how the signals work in real time.

    Those squiggly lines on the bottom of the chart are freighted with meaning as they are all math based and the truth is that when stock indicators are run though back tests it shows the monkeys are on the job again.

    TA works but the politically incorrect truth is very few pay their dues and it is one of the biggest reasons why TA can't work (for you).
     
    #203     Aug 27, 2012