No worries--- I guessed I might know you ---I like being challenged, but I have laid out my ideas on thus site since 2002-- when I was a true believer in TA untill today. Documenting my evolution as a trader--- I have a book coming out that will likely help answer questions-- but it's going to be bought. No more free meals! LOL! Surf PS: I'll post an invite to surf fest as soon as I nail down dates/ venues . It will be in NYC early next year-- during the trading expo...
You were a true believer in TA before you had a consistent method??? No wonder your scars are so deep!
Not only how much it costs to run them, but how much any asset can move in the amount of time they are holding and how much my fixed transaction costs amount to per share. There are papers out there doing the math. http://www.cxoadvisory.com/8565/technical-trading/how-much-can-high-frequency-traders-really-make/ It actually isn't that much money that can be made with HFT. Now, if you want to say "Well, that money is basically risk-free profit", fine, but someone needs to show their work on that calculation. When all is said and done, I doubt that HFT is any more profitable than a profitable version of any other kind of trading. To call it "the greatest trading tactic ever" is pure hyperbole.
I live in Norway, so the chances that you know me are slim and I would love to hear your answers since I probably will not be able to attend the Surf Fest (will be happy to receive an invite though). Someone who does not know better, could be led to believe you are evading the questions that are asked.
Nah, I had my largest win ever while deeply immersed in TA work. I use to chart by hand prior to the Internet --LOL! I took several steps back and tried to view the market as a whole plus discovered who was really making consistent money in the markets. It wasn't the TA crowd--- hence the new information required a complete change of philosophy. NO scars. Had my research found money was being made with TA consistently I would have remained a believer.
Got you... I think the performance may be great but when you bring in what they have to pay to keep there systems up to par and how much it does cost to run them... you know what im saying. However, as a big fund, I think they make there money back on how much they can now charge clients for there "performance" see here: I still believe we as human traders can find inefficiencies and have good feel for markets and make money. but using straight up TA... probably wont get anyone far.
With due respect it cant. TA is the study of trade data in graphical form on a chart. PERIOD. Could be minute, volume, range, renko p&f bars etc. Dont matter. Saying that T&S study is TA is balderdash. T&S study is T&S study. It isnt TA unless you place that same data on a chart. Then you can apply TA. Is it no wonder the proponents have such difficulty defending their argument when they cant even define what they are trying to defend?????!!!!!! Is it no wonder, that despite Surfs kind and noble efforts, you guys still dont get it?
My charts reveal to me all the real "price drivers", because the only truth in the market is price. When you combine this with money management, it works.