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Surf, the authors of that piece CLEARLY distinguish between two types of technical analysis, one which works and one which doesn't. I don't need to make anything up. Here is the quote again: "There are few sophisticated technical rules that may explain why technical analysis works. For...

How did I "quot[e] out of context"? The authors are simply stating that they are only going to analyze some types of TA, but they are going to ignore others because those others actually appear to work and they use past data as inputs. If you are denying that you've said past data is useless...

Not only that, but the article states on the first page that the authors take it as proven that under certain assumptions, past price information can be used to make abnormal profits (their phrase), which goes against surf's claim that past prices are useless. "There are few sophisticated...

Yeah, only it isn't. I'm not going to lay out the equation for you, but there is one. In fact, there are two equations, one for long trades and one for short trades.

Well, in your world they may be subjective. In my world, they are objective. You have to approach exiting trades as if you are a "strong hand" and can hold through both time and retracements until the moment when the likelihood of the failure to continue outweighs the likelihood of...

I've got my own "killer entries".

Physician, heal thyself. There is no reason for an exit to be subjective.

Yeah, the nickname for "price drivers" should be "cotton candy", since it seems about as substantive.

Look, people don't go around talking about "my contribution to trading" if they don't want to manage OPM at some point. So, you aren't doing so now, doesn't mean you aren't angling to in the future. And, so you can get a sense of what it's like sitting on the other side of this discussion...

Eh, the fewer people looking for it, the better. I hope everyone listens to you. I also hope they aren't stupid enough to give you any money to manage.

Right, same here. When I look at T&S data, there are absolutely other trades going off at the same price around my trades and at nearly the same time, so, theoretically, someone could be using the exact same algo, but, as you say, it would be nearly impossible to discern that amidst the data.

Right, I don't mean that everyone will have them in place (heck, I know I didn't), but that once they are in place, more advanced topics can be discussed or considered, but that before they are in place, one should probably focus on them, rather than a back-and-forth about TA (or any other A) in...

Not sure what your question is. I mean the school of economic analysis that's typically associated with the University of Chicago, and more specifically, the analysis associated with their view of financial markets. If you look, as part of the overall framework of the EMH, they assume...

Well, I was speaking generally about the impact of those factors. In my specific case, yes, it could be automated, but that would require, I think, about a year of work by an expert coder. I used to do coding back in the early 2000's, so I have some ideas on what it would take to work it out...

Heh, force of habit. :) No, I do think that part of the divide in this discussion is the idea of "private information" in markets and how that private information can be used, if it exists. The University of Chicago school of markets says that there is no such thing as private information...

For my part, I sort of assume that those items are in place for people. They are part of the professionalism someone either brings or does not bring to their trading. Money management and discipline will have a huge effect on outcomes, without a doubt.

Right, it is more complex, but the proper incorporation of volatility into one's rules can skew the odds definitely in your favor in a way that's measurably beyond just pure chance. From there, there are additional filters I apply, but the first and most important is volatility-based.

The problems of nonstationarity as discussed in Steenbarger's paper, can be overcome. As I mentioned earlier in the thread, the key is to properly integrate volatility into your rules. Will the resulting rules enable you to win on every trade? No, but that is an unrealistic expectation (and...

By saying this, you assume that the trader who first discovered a valid objective fixed TA system would put it in the public domain. Why would a trader give away an objective fixed TA system that was valid? What market would there even be for such a system? If the person who developed it was...

I feel important just looking at that chart.