are you saying price action moves irrelavant of past or present data,rain or sunshine ,happen regardless of weather to the west moving east over past 12 hours?
Why can't you realize that traders keep their proprietary methods secret? When something is not shared with the world, it doesn't get tested or evaluated. Therefore, YOU do not see it. Why does this concept continually allude you?
No, you are not correct. I am heading out now, FINALLY, and will be off the grid for awhile--- will address your points when I return. all the best, surf
No doubt-- but success shows in other ways, I am not asking for anyone's code or method-- just proof of success. Heading out, storms almost over here. surf
You're right about the leap to mathematics and statistics, but wrong otherwise. Your suggestion that TA should only use price and volume data makes not much sense IMHO. For instance, there's a quite profitable TA method that uses the opening and closing times of stock exchanges. TA traders certainly won't be pleased if they are forbidden to use other data in their algorithms. Also, discretionary trading is not intuitive trading. Discretionary traders can use a system. It can be argued whether intuitive trading is TA or not - in my opinion it's not, as the trade decisions are not based on, in the literal sense of the word, technical analysis. Maybe it's a third method besides TA and fundamental.
what data are you using to determine the storm is almost over ?, that it was coming ?, that it was happening is a small amount of the big pic
When the squiggly lines are set up properly they don't lag PA and everything you need is in the chart. That's what TA can be about because the drivers have to show on the chart. http://www.elitetrader.com/vb/showthread.php?s=&postid=3609308#post3609308
I strongly agree that discretionary trading and intuitive trading are different but often misused as one for the other. Yet, both can be used together in a trading plan. For example, trade entry based upon discretionary rules but the exit based upon trade experience, gut feel or just happy to call it quits for the day.