These TA folks are beyond mere mortals when it comes to logical thinking. It's quite obvious why they find TA so attractive. surf
They say,your beliefs will either work for you or against you.If it works against, and they still believe in it,then smth is really wrong.
Real-time is much better, no journals, real-time in live markets. As the ticker tape is ticking, and conversations you can't go back and edit within a 30 minute period. When you're wrong, everyone will know your wrong, in real-time. Because you know, your drivers are real-time and TA is not. This shouldn't be a problem. Unless of course, you are full of shit. And because this set-up actually keeps you accountable and you have to actually MAKE DECISIONS, IN REAL-TIME. Put up or shut the fuck up.
This thread was begun to make a statement about "WHY". It also concerned "Beliefs". For 23 years this OP has not found out about how logic is used to do proofs and what the scope and bounds are for using logic in doing provable subjects. While the OP cannot rationalize his personal problems, it is possible for a logician to derive the proper conclusion regarding the OP's heritage and character, his WHY and his BELIEFS. Anyone who does think through the context of the years wasted by the OP has to empathize with him. Those who paid him, got the consequences they deserved. There is a lot to be learned from his destitute example. I have used TA successfully for 55 years. I can quantify the contents of my system. What quantifying means to trained professionals is: counting the parts and putting the parts in calassifyable sub groups including: criteria, filters, formulae. rules and strategies. In RDBMS terms, a fully complete system is composed as follows: price has 10 cases; volume has 11 cases and the End Effects of trends have 35 cases located in 10 subsets. I have provided the OP with the ingredients he needs to start down the path all within his stated requirements which I assembled over time. At this point, as recommended by others as well, it is time for the OP to site any moment in time and then listen to just what is going on and also have him prove otherwise. Currently the OP is wrecking ET, as they say, with a 1,000 something or others. The financial industry has really dug a hole and keeps on digging. People who played by the rules all their lives are getting raped by the lack of integrity of the financial industry. The OP is just as villanous. Please do not support the politicians that have been bought and paid for by the finacial industry. The moderator of TA needs to be replaced.
distract distract distract, avoid the subject at hand. Put up or shut up. This exercise should be simple given you are aware of direction in real-time and not a noise trader, right? You say TA is insignificant, you start multiple threads bashing every trader who defends TA; you also *claim* your drivers tell you direction in real-time yet you average losers and hold with no stop objective. Yet you want to avoid a real-time chat because "posting on thread is more simple." You are the noise; you are insignificant.
I understand your reluctance to reply to my request surf; Because at the end of the day you will not extract any kind of value/information from me. And the only upside for you is being humiliated, in real-time.
TA is an after -fact anaylysis amusement. do not be obsessed with that. TA traders are contrarians. when they saw price fell to a point it stops, then bounce, they say that is support, so when it falls to the low again, they predict: it will bounce again. he, that is nice. it is predictable. or when it falls to the low again, it breaks through the low, they will say that is breakdown. so they predict: next time, if we see it falls to new low again, we sell. you see "I am smart", I can predict its breakdown. can you predict the market? no. some TA traders may argue: this setup can produce 80% chance of winning, and they rigiously backtested TA ideas. their prediction is 80% right. so in the long run, if we execute the system good enough time, we will win. but they forget: their historical data is limited, plus new data forward is not tested, the probability so obtained is not correct, or serevely biaed. I often laugh at how those geeks do trading like that. what I know is TA does not work at all. it is just a tool to measure facts. just a ruler, used to measure height or length. for example, put a EMA on a chart, you will see a smooth trend. beautiful math curve!! filter out lots of noises, make you see clear. nothing more than that. a nice curve will not make you money. in reality, they twist the facts with simple math, no wonder they lose.
Oh you poor thing. All those years, and still suck at TA. Not everyone shares your level of intellect, ever considered the fact that you just didnt make the cut?
come on...don't be so hard on him...in fact do not try to convince surf or trader198....otherwise, who else are we going to dump our winning positions on? it actually bring me great delight when they carry on the way they do because I know that there will always be a buyer for my sells