A question to people that don't "believe" in TA
- Thread starter tommo
- Start date
"Anti TA folks make the case that everything they need to see , can be seen with price"
if they are using PRICE, (unless they are using it to compare to earnings, etc) they are
wait for it...
USING TA
why is that so hard to understand?
RSI is a derivative of price. it is TA
but so is simply watching price. or time/sales, etc.
those are all TA
why is that so hard to understand? TA does not mean INDICATORS. indicators are a subset OF TA.
if they are using PRICE, (unless they are using it to compare to earnings, etc) they are
wait for it...
USING TA
why is that so hard to understand?
RSI is a derivative of price. it is TA
but so is simply watching price. or time/sales, etc.
those are all TA
why is that so hard to understand? TA does not mean INDICATORS. indicators are a subset OF TA.
Of course, indicators are just one part of TA. I am not claiming that they are the only items in the TA toolbox. However TA does mean indicators. It also means trendlines and moving averages etc etc etc. --- Anyone who is not using TA ie indicators etc is just wrongheaded or won't admit that they use TA. This will be my last post here in this thread. I have said the essential things that need to be said.
i have also postulated that the TA debate is actually a "left brain--right brain" type debate.
the creative, artististic trading types are drawn ( LOL ) to TA since it fits their visual world view regardless of the untestability of the hypothesis. in addition, engineers also seem to be attracted to the graphing and putting broad concepts into easily understood boxes--- as they are trained to do with slide rules and the other little trinkets of their trade.
those who look at the market pragmatically and not from a pre biased state of prefering left/right brain are in a superior starting point for analysis.
surfer
the creative, artististic trading types are drawn ( LOL ) to TA since it fits their visual world view regardless of the untestability of the hypothesis. in addition, engineers also seem to be attracted to the graphing and putting broad concepts into easily understood boxes--- as they are trained to do with slide rules and the other little trinkets of their trade.
those who look at the market pragmatically and not from a pre biased state of prefering left/right brain are in a superior starting point for analysis.
surfer
interesting. Does TA belong in the latest release of GOOGLE Finance? It has alot but curiously misses this whole area. Things like 200MA, Average Volatility, Average Daily Volume, etc.
Stated appropriately from one who is scared to test it.
"Opinions are like bottom orifices and as plentiful . . . some just smell better than others"
By the way, its artistic and "untestability" is not a word. You're a writer, correct?
it's called artistic freedom. LOL !
you really missed the purpose of the spelling.
surfer
marketsurfer, TA works because it is ultimately a result of human psychology
price reflects opinion
the market is made up of people. peopkle have opinions. those opinions are reflected in price
greed, fear, euphoria, panic, etc. affect opinion, which affects price. this is reflected in charts and price patterns
this has been true since ... well... forever.
look back to tulipmania centuries ago. history repeats itself because human nature has not changed
price reflects opinion
the market is made up of people. peopkle have opinions. those opinions are reflected in price
greed, fear, euphoria, panic, etc. affect opinion, which affects price. this is reflected in charts and price patterns
this has been true since ... well... forever.
look back to tulipmania centuries ago. history repeats itself because human nature has not changed
Quote from marketsurfer:
it's called artistic freedom. LOL !
you really missed the purpose of the spelling.
surfer
I did but I know you didn't miss the point of the post.