Why does TA not work (for you)?

Discussion in 'Technical Analysis' started by Xspurt, Aug 4, 2012.

  1. cornix

    cornix

    Oh, I see...
     
    #241     Aug 6, 2012
  2. cornix

    cornix

    What are price drivers? And what if someone shows consistent profit trading purely off charts? That's just luck?
     
    #242     Aug 6, 2012
  3. cornix

    cornix

    How do markets really work?
     
    #243     Aug 6, 2012
  4. BSAM

    BSAM

    Brother Surf...Do you day trade?

    A. Yes

    B. No
     
    #244     Aug 6, 2012
  5. Not deliberately, presently. However, I have since SOES days.....
     
    #245     Aug 6, 2012
  6. BSAM

    BSAM

    So, when's the last time you day traded on a regular basis?
     
    #246     Aug 6, 2012
  7. If you can quantify how many moves, or series of moves in one direction increase the odds of the next move or series being in the same or even different direction

    then you, brother Sam would truly be an "elite" trader.

    It can't be done, therefore TA is hogwash.

    However, I would like to be proven wrong--- Been waiting.....
     
    #247     Aug 6, 2012
  8. "Knowing what happened" helps you because markets do not instantaneously process information. Some traders process information which is material as immaterial in the immediate aftermath of the release of that information. Once those traders realize that the information is actually material, a segment of them gets into the market in the original direction they should have gone at the earlier time. Some of those traders will make a profit on those trades and some will take losses on them.

    Losing traders are those who process information too slowly and inaccurately. They provide the funds to traders who process it quickly and accurately. Without those two separate categories of traders, charts (or, more accurately, simply T&S data) would not help you. With them, that data does help you.
     
    #248     Aug 6, 2012
  9. On a heavy regular basis 2005.
     
    #249     Aug 6, 2012
  10. BSAM

    BSAM

    Oh my.
    Okay.
    Thanks for a straight answer.
     
    #250     Aug 6, 2012