Why I Don't Believe in TA

Can't express how sorry I am about it. Was one of the best threads in months if not years...

 

Fundamentals are a long-term instrument... the book in futures is... is it any readable by humans at all nowadays?

 

I do use TA as main tool and confirm it with real-time calls.

 

There is nothing wrong because it doesn't work.


When marketsurfer says PD's detect movement in real-time; simply ask:

1). So why do you average down?

"lame excuse"

2). But why do you need to average down if directional movement is detected in real-time and objectively?

 

Deja vu, this topic was discussed to exhaustion last year. It's classic case of "I tried what the manual recommended, didn't work, it's all nonsense". You have to be innovative, if this was as easy as testing a few MA crossovers, where would the losing traders come from?

Remember, this is a guy who posts articles about himself because frankly, no-one else cares.

 

Not even crossovers, can be simpler than that and still very profitable. But requires more than just brief testing.

I spent whole weekend optimizing stats just for my entry/exit orders. Whole weekend in a spreadsheet application. After 8 years of full time trading. And that's just a tip of an iceberg. Too much work for most people in exchange for such a scalable profession, they'd rather work somewhere for a fixed salary.

 

You have no clue on how the markets WORK,don`t you?

 

You double negative implies that you think I do.

 

you said close to nothing in here about price drivers,and the rest is all anti TA,so the gist of this post is more of the same,anti TA crusade

 

You can compare TA with using an excel preadsheet. Some people can do magic things with excel, others have no clue what it is used for.
Track records are the only thing that matters, because they show objective what works and what doesn't work.