You certainly have a valid point. He stepped up in defense of TA as mademan (sp) on this thread. Perhaps you should take his place or screen him a bit first? surf
I'd feel a lot better about it if Pryme Tyme would answer these key questions: 1. How do you define a trend? 2. How do you determine the price level at which your reason for taking a trade is invalidated? 3. What is the airspeed velocity of an unladen swallow? http://www.youtube.com/watch?v=y2R3FvS4xr4
sorry ,those are not TA. just trading rules. those rules are common to any trader who wants to become consistenly profitable. TA is just tools. either you use it or not. if you think people who do not use TA are losers or none-professional traders. that is non-sense. look at Warren Buffet, he uses TA to make money? no. when he feels it is undervalue, he did lots of research and buy. TA makes gambler easier. those fancy indicators will let you think those are the key to successful trading, wrong. I never want to know what Imploied Volume, or delta, greek, butterfly or spread., and I just do not know.. I found I trade far better than those guys fully loaded with those stuff in option.
I feel honored that the mighty TA King asks me three questions Here are my answers sire. 1.looking from left to right , bottom to top or viceversa 2.technicaly reactions , swing highs/lows , midpoints, etc. Or if the market doesent responds in the favour of my position But it pretty much depends on How the market acts while i got A position on 3. 42 Thanks for the time my lord
Excellent, you approve. I am sincerely looking forward to following his Combine performance and am pleased a hard core TA user is participating. surf <i> follow my twitter feed @marketsurfer </i>
I never expressed such a thought nor do I think it! It's the TA naysayers who keep calling us TA-ers losers. I think you can trade profitably using phases of the moon, and in fact I believe the biggest Holy Grail on ET hangs out at Volente's Bar and Grille, believes all small traders lose, they just lose, and the reason why they lose is because they use stops. I've no beef with anyone's methods, just with those who claim their methods are the only way, or that noobs lose because they use stops. Damn, my trade broke out and is headed to the upper channel line! These technical coincidences sure are crazy!