Why does TA not work (for you)?

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

  1. Fah Q

    Fah Q

    yes, you did make claim. you said this in your special situation journal.

    'Obviously not every entry will be a winner but every entry will have strong odds of success and a huge positive expectancy'

    how do you know it's strong odds? and huge positive expectancy? you don't have significant sample size to make claims. sounds like buying a falling knife and praying it goes up.
     
    #841     Aug 11, 2012
  2. How about this chart. Think it can be traded?

    http://clem.mscd.edu/~mayest/Excel/Files/Coin Toss Stock Prices and Chart.xls
     
    #842     Aug 11, 2012
  3. Yes, that's what I believe. I misspoke that i never made the claim. I meant I have not proved it via testing. Why not just follow my journal and see what happens.

    In the meantime, here's the truth about charts:

    http://clem.mscd.edu/~mayest/Excel/Files/Coin Toss Stock Prices and Chart.xls
     
    #843     Aug 11, 2012
  4. Fah Q

    Fah Q

    what makes you believe? you have no evidence this will work. or not enough evidence.
     
    #844     Aug 11, 2012
  5. 20 plus years of hands on experience, close association with several finance PhD's, countless hours of study , and numerous contacts in all levels of the information curve and finance world have enabled me to understand how markets really work.
     
    #845     Aug 11, 2012
  6. Oh really? No claims about price drivers?? How about:

    "A price driver is what actually moves price."

    A pretty definitive statement about what actually moves price without a shred of proof within a novel and extremely untested method. LOL

     
    #846     Aug 11, 2012
  7. Fah Q

    Fah Q

    until you have 1000 trades, there is no way to know.
     
    #847     Aug 11, 2012

  8. Yes, price doesn't drive price as TA folks apparently believe. Price drivers drive price. Dats a fact jack. :D

    Just to clarify, a price driver is not a single input-- it's a weighted amalagation of 2 dozen information inputs that are applied in real time to determine directional bias on a pre selected instrument group. Surf
     
    #848     Aug 11, 2012
  9. I'm willing to bet on it. Follow surfs special situation journal to see what happens. System is short JCP right now.

    Surf
     
    #849     Aug 11, 2012
  10. Oh, I already know what works. And it doesn't involve news or price drivers. Not to say your method won't work, only that I know what does work and it doesnt involve your tools.

     
    #850     Aug 11, 2012