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You hit the point, quantitative trading is real and this is the reason why the institution that I worked before hire hundreds of PhD to work on this. The algorithm is super complicated and I will not say anything in public forum.

The "beauty or Scam" of the TA is that you can have two way stories, e.g. when price hit any S/R or channel or anything, you can either long or short (aka reverse or continuous of previous movement), but you can't tell until "after the fact", this is why all the TA guru here only tell the story...

I make money in trading, but not TA. I learn the the "real" skills from my previous firm, and none of them using TA. We look at chart but never trade on them. What I hate most is over years those "TA experts" are bringing false hope to the newbies that TA works without any proof. Everyone...

Make live calls to show that you can make REAL money using the SMA. After the fact story teller don't count and don't have any credit.

Story teller on the chart after the fact.. :cool:

This is exactly the answer that i expected from those "TA expert" :D :D :D

I agreed. All those "TA expert" have to proof are live calls with consistent profit in certain duration, I don't think I see any so far. Reading the chart after the fact is not count.

If you claim is what you actually did.. I am sure you are better than 99% losers here.

Housewives.. May be not. Vendors - YES!!! Also, don't forget who own this site? TA.. Make my day.

Oh yeah, "Art", while most of the TA here claim the "high probability" setup in S/R which refer to Math&Science, you are saying it is "Art" ? "Art" is something " it will different from case to case basic, ..yesterday I think this setup is ok but not for today because I don't feel right.. I...

True, no one knows the outcome of price movement at any time -> I agree True, support/ resistance levels are frequent turning points. -> I agree, and price tend to stay longer and whipsaw in those level due to the turf between long & short for obvious reason (all people know this level)...

70% ? Where you got your figure from ? Or you mean the trade with 70 % win rate but the risk reward ratio of 70% / 30% ? If this is the case, when take into accont of commission and slipage, you just loss. Broker is the real winner in this.

If they just tell those money making story, this is easy to deal with, as we all know those are BS. What I hate is they pull up some chart, begin to draw some BS lines - S/R, channel and etc, starting their story on how to buy or sell on those lines with the "high probability" setup...

Last friday? After the fact again? What not make real call in trading day on monday? If you can show that you consistent profit for five days with TA with live call, then all the TA disbelieve here will convert, or else, it is just another after the fact BS call.

Never disagreed. Most of the TA or PA expert here are merely story teller after the fact.

Ngmmm ... Jack Hersheys disiple, Bought an island or died of embarrassment, it is really hard to figure out... :eek: :eek: :eek: :confused: :confused: :confused:

Surf , the strategy above will work if the market is trending. In side way market, you will get eat alive. I agree the market is random. The S/R will only make the price stay there a bit longer, but eventually it will break out to higher/lower or make reverse, the million dollar question here...

A good thread. To make a decent living with trading, and assume you are good and have "real" edge (20 to 30% return), you still need to have at least a million dollar account. The sad thing is most ET in here not even have 25K account (this is why you heard they are crying for the PDT rule)...

Internet don't print money. Fed did.

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