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  1. R

    Technical analysis :useless junk science

    The thread title says technical analysis is junk. My trading is based on proprietary objective TA. So my response was appropriate.
  2. R

    Technical analysis :useless junk science

    Uh, yes it's very possible to reverse engineer a working system. I'm smart but I'm not brilliant, and I'm SURE if someone saw enough of my trades they would figure out what I look for and what triggers my trades. It's complex but not that complex.
  3. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    But many trading book writers do so because they can make money selling books and not trading. You have to be VERY selective. You sound like you are inexperienced in trading and so I am just trying to help you be aware that trading books can be informative but the vast majority wont help you...
  4. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    I'd say the same thing about all the books you read about trading. If the guy/gal is really that good, why is he/she writing books and not trading? Trading books CAN be informative but they will NOT teach you a consistently profitable method. You need to do that yourself. Get your hands...
  5. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    To paraphrase a Henry Ford quote: Whether you think you can or you think you can't, either way you are right.
  6. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    Try observing the mkts (ie SPY, ES, NQ, QQQQ) for a few months, every day from open to close. Think while you do it. Less reading books, and more observation and paying attention to what you see. Get creative. It takes time. Nothing that's worth anything is easy.
  7. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    Less reading and more observing. :) Create your own original thoughts and quit regurgitating things that others have said. Get creative and stop reading so many darn trading books! :D
  8. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    I don't think patterns have really changed at all. I've been using the same sequences of price bars, OHLC and volume for over a decade. Same sequences that worked then work today. Maybe some other patterns that I'm not familiar with have changed but I can say confidently that not all patterns...
  9. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    Sorry, should have clarified. I've been trading profitably for 13+ years and I day trade full time (ie no other "employment")
  10. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    I have plenty of free time, the mkts only take 6 1/2 hrs a day 5 days a week. And it keeps my brain sharp. I consider it brain exercise.
  11. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    I've been trading a LONG time. I do not let emotion affect my trading. I either get a system trade or I don't. There is no gun slinging going on. The trade either sets up or it doesn't.
  12. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    Because I prefer to execute the trades myself. Not only can I only blame myself if I make a mistake but it keeps my mind sharp to analyze and trade the mkts.
  13. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    Mine could be automated, but I prefer to trade mine manually.
  14. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    I suggest STOP reading what so many others say and find your own way. If you are smart and persistent, you should find something that works and then you can develop it from there, refine it and create an objective trading method.
  15. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    Because I found something else FIRST that I saw working and continued to develop it from there.
  16. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    Yes, these work great all the time, but I focus on understanding what BUILT the pattern and not just trading the pattern blindly. For instance is a H&S pattern develops through a certain sequence of price bars with certain OHLC, I'll take the trade. If the pattern doesnt set up that way, I...
  17. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    No, I didn't. I was responding to the part in your title "other patterns"
  18. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    I'm just going off of my own experience. I've been trading for 14 years. I've found an objective system that has continued to work just fine. You have to really dig deep though, it doesn't come easy.
  19. R

    If Wave and Gann Theories are just joke, why do we believe in other pattern?

    No no no my dear boy. When I say creative with patterns I mean YOU need to learn to understand patterns outside of the way you read about in books or the internet. ONCE you are able to see a logical structure to the markets (ie ES, SPY, NQ) only THEN can you create an objective testable method...
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