Surf knows I've called plenty of trades in advance here on ET, based on technical analysis. If I got all of my former trading roomies to confirm that I trade the same TA based setups all day every day and make money doing it, it wouldn't change the mind of anyone who claims that TA doesn't work. So until a few folks honor the intention of this thread (please prove to us that it DOESN'T work), we'll just have to enjoy each others company
You don't even know what a price driver trade is. Your YM trade at first was a price driver. Then when it only made a little money it wasn't a price driver trade. Now that JCP is against you I am sure that one will not be a "true" price driver trade either. Keep cherry picking....
Yeah, I used TA for years-- made money with it. BUT I know I wold have made the same $ just guessing. I don't claim that subjective, intuitive type TA doesn't work for some people. I do claim that objective, programmable TA does not work and if it does, success will be short lived and not outside the parameters of randomness. What type of yearly returns do you generate with your TA method? Thanks Surf
NODOGI:So until a few folks honor the intention of this thread (please prove to us that it DOESN'T work), we'll just have to enjoy each others company ------------------------------------ +1
Huh? Exits are not part of Price Driver. Price Driver is my concept and contribution to trading-- so what do you mean, I don;t know what it is? Price Driver will give you a solid edge on entry, how you manage after that is not my concern. surf
Another way of you saying "I have no idea when I am getting out. I have no defined risk on the downside" Good luck with that Surf. Some "method " you have. It gets you in, but on the most important part of a trade (where to cut losses), it has no gameplan. What's your risk/reward? You don't have one? Adios. I would love to hear how you would market this to outside investors/backers/trading firms. You would be shown the door in 2 minutes. You talk so much about guessing with TA......your strategy doesn't have an exit plan. Talk about throwing darts...
There is overwhelming evidence but TA's still use the TA crutch to support their success or lack of Dozens upon dozens of empirical studies have proven it doesn't work. http://scholarworks.uno.edu/cgi/viewcontent.cgi?article=1049&context=econ_wp http://www.stockopedia.co.uk/conten...easons-why-we-dont-believe-in-charting-63806/ by the way, burden of proof is on those making the claims of success, not on the skeptics. surf
Correct. I agree, its only 1/2 a method right now. I wouldnt market this to anyone----- its way too new. surf
In all honesty Surf, how in the holy hell can a trader have a method that they trade that is only half done? Entries without exit plans? You have a system that is 1/2 thought out...the other half guessing.
Eh, the fewer people looking for it, the better. I hope everyone listens to you. I also hope they aren't stupid enough to give you any money to manage.