Why I Don't Believe in TA

Discussion in 'Technical Analysis' started by marketsurfer, Feb 9, 2013.

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  1. Another multi alias troll that follows the productive members of this site around causing problems. Read the man or ladies posting to see what I mean. Another name ripe for banning.

    surf

    PS-- guess what, its another troll drawn here by the Forex--- we gotta get rid of that junk on this site! The Forex threads are nectar to the trolls. Eliminate the nectar, ban the trolls, and elite will be much better off.

    http://elitetrader.com/vb/showthread.php?s=&postid=3747401#post3747401

    http://elitetrader.com/vb/showthread.php?s=&postid=3730811#post3730811
     
    #321     Feb 26, 2013
  2. Eyez

    Eyez


    That was a sarcastic post in response to an idiotic thread.

    LOL @ productive.


    LOL @ 4th post down

    http://elitetrader.com/vb/showthread.php?s=&threadid=221083&perpage=6&pagenumber=1

    "marketsurfer,

    I could not disagree more...sheesh they unban you and you are already wielding your opinions around with unfounded observations. You have been banned over a longer time period than you have been unbanned I believe...Your multiple aliases attacking this site do not count as the time you have been a poster here. "


    IRONY
     
    #322     Feb 26, 2013
  3. stepan7

    stepan7

    It would nice to re-star that very interesting tread.
     
    #323     Feb 26, 2013
  4. Mtrader

    Mtrader

    Marketsurfer said:Things like COT, the book, news, economic events, special situations, money flows, insider activity and even rumors are all Price Drivers. These items among others are boiled down into a 1 to 10 scale with 5 being neutral. Above 5, bullish pressure, below 5 bearish pressure. Predictions and or trades are entered with the bias created by the PD analysis. TA on the other hand only deals with past price that has no influence on the future regardless of the rhetoric and anecdotal claims.

    --------------------------------------------------------------------------------
    What he is doing is what i do using TA:

    1. He uses information to find out if maket is bullish or not. But to know what is bullish or bearish he has to see in PAST to know what the influence is of every parameter that he uses.
    Example: how big must moneyflow be to have bullish influence? He can only find that out by looking to the past. If he does not look at the past he cannot say at what level markets can turn or not. Because he cannot see in future.
    2. He has to quantify his analysis. This means mathematics.

    TA does the same thing for me. I look at different parameters and try to find out how this will influence the market.

    If Marketsurfer does not use information from the past, his analysis will have no relevance. You can only know what the influence of COT, the book, news, economic events, special situations, money flows, insider activity and even rumors are if you look at the past. Without past he has no clue what will happen. Or maybe he has a secret gift like back to the future.
     
    #324     Feb 26, 2013
  5. MAESTRO

    MAESTRO

    Good news! I just spoke with baron on the phone and he thinks he should be able to recover the thread by tomorrow. Keeping my fingers crossed.

    MAESTRO
     
    #325     Feb 26, 2013
  6. LOL, you forgot that the person who wrote the above, mr. forex himself, electric savant agreed with me several pages in.


    <b>This is not a fun post.

    marketsurfer is correct. ok I wrote that.

    I suggest that the Forex Broker section be eliminated...wiped out and deleted...

    It was a bad idea..
    ES

    P.S. Now I must apologize to surf...</b>

    http://elitetrader.com/vb/showthread.php?s=&threadid=221083&perpage=6&pagenumber=18
     
    #326     Feb 26, 2013
  7. There's an easy way to get rid of anyone who is harrassing you. Just ask for a timestampted PNL blotter, or some live calls, and most will vanish faster than sasquatch!

    :cool:

    [​IMG]
     
    #327     Feb 26, 2013
  8. Eyez

    Eyez

    The irony wasn't regarding the forex forum(s)






    That might actually make surf vanish.
     
    #328     Feb 26, 2013
  9. londonkid

    londonkid

    Guys, this thread makes a pathetic read on the human condition.

    Do you even realise how some of you come across? I am not going to name names (you all know who you are) but there is some serious paranoid self delusional behaviour going on here.

    Some of you need to wake up and smell the coffee and admit you are not long term profitable and the market has beaten you up, take some time out FFS.

    Do you honestly think a consistently profitable trader has time for this BS?

    The profitable guys I know are calm and rational people even when they do well they dont strut around chest beating.

    grow up and do something positive with your time. for all the delusionals out there stop gambling, take a break and come back a fresh with humility.

    damn weirdos. I feel like I need to shower after reading this crap. BS

    if this gets me a ban, that's a fkin bonus reading this worthless BS.
     
    #329     Feb 26, 2013
  10. Aa a Noobie you Said:

    "03-02-12 04:42 AM

    Hi

    I have been offered $0.005 per trade 20 to 1 buying power and 95% profit pay out. My volume is around 100,000 per month so small.

    My trades typically last between 1 minute and 1 hour.

    I have seen lower commission deals being discussed on ET, question to those experienced. Is this deal ok or am I being quoted to much commission per trade?

    Thanks

    Londonkid"

    So what is your current volume??

    Have you moved into a better IB deal?
     
    #330     Feb 26, 2013
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