Cornix's TA Performance

[marketsurfer]

Quote from cornix:

Surf, I simply can't deny the reality of certain levels being respected by the market with amazing consistency. If I stop considering them I'll miss significant part of important trading info. It's 100% objective, believe me.

Once you see a psuedo random string of numbers representing a years movement on 5 minute bars show the exact same support/resistance and technical patterns that you rely upon---

You will understand what I am talking about. I have been in your position and have seen what you see-- so i understand.

Finally, you will "get the joke"

surf

 

[HopelessTrader]

Quote from marketsurfer:

Once you see a psuedo random string of numbers representing a years movement on 5 minute bars show the exact same support/resistance and technical patterns that you rely upon---

I once almost posted some charts from a simulator that I created that shows random projections of price to see if anyone was willing to take a stab at predicting price. It's interesting to see what you are talking about for sure. Another interesting thing.. run some random numbers.. Let's say 100, in range of 100. What will be the mean.. wait... How can anyone predict 50 if the numbers were so randomly unpredictable in the first place..

 

[NoDoji]

Quote from hitchslap:

I'm no expert, but I get the feeling that the current market conditions aren't favourable for Cornix's method, however, he's still keeping his head above water.
It's not as though he's hemorrhaging money. He's around break-even.
I think that when the conditions change, he'll probably start killing the market.
I guess if you can break even when the market isn't playing ball, then you're doing OK.

There are periods of price action where the setup appears but there's no follow through. I've had strings of 6 or more small losers/break-even trades, then suddenly the game's on, you're on the stronger team because of TA, and the whole team's got your back. I once had a day with a 9% win rate and ended up with a good day's pay as a result of using TA to ensure I'm positioned with the stronger team once the scrimmages are over and the big game is underway.

 

[marketsurfer]

Quote from NoDoji:

There are periods of price action where the setup appears but there's no follow through. I've had strings of 6 or more small losers/break-even trades, then suddenly the game's on, you're on the stronger team because of TA, and the whole team's got your back. I once had a day with a 9% win rate and ended up with a good day's pay as a result of using TA to ensure I'm positioned with the stronger team once the scrimmages are over and the big game is underway.

It feels good to think about the market in nice sentiments. Nothing wrong with that when describing what happened. However, the truth is, it feels good to nail the trend after 6 plus tries and ride it to profits superseding each of the previous losses and commissions. Cutting losers and letting winners run is how you win--- this has nothing to do with TA entries, particularly those that lose 6 plus times in a row. It's just randomness working for you and you playing the game untill luck provides profits.

No doubt it's great skill to cut losers and let winners run, but this nothing to do with TA based entries.

 

[NoDoji]

Quote from marketsurfer:

It feels good to think about the market in nice sentiments. Nothing wrong with that when describing what happened. However, the truth is, it feels good to nail the trend after 6 plus tries and ride it to profits superseding each of the previous losses and commissions. Cutting losers and letting winners run is how you win--- this has nothing to do with TA entries, particularly those that lose 6 plus times in a row. It's just randomness working for you and you playing the game untill luck provides profits.

No doubt it's great skill to cut losers and let winners run, but this nothing to do with TA based entries.

It's not randomness. TA allows me to be positioned in the right direction when price makes the big move.

The trader without a plan or the one who trades based on strong opinion or the inexperienced trader would likely have misinterpreted what price was saying or been completely unaware of how to catch a runner in the first place. Such a person would be far more likely to have traded emotionally, ended up on wrong team, and instead of quickly cutting the loss and reversing sides for the big winner, would've averaged down during the breakout run and cried "Uncle!" just before the end of the trend.

I've done this personally, and I've watched other traders do this many times. What they do is random, meaning they're gambling.

My TA-based trading does not involve gambling (random bets). I know in advance that if I trade every valid signal and manage the trade according to the fixed rules of my plan, I will be profitable enough at the end of the month to cover living expenses, entertainment expenses, taxes, and retirement savings.

 

[sheda]

Thanks, and I say you are finally getting very close to market reality. You will realize that you can remove your style of TA-- price action or whatever from the entry equation, keep doing everything else exactly the same--- and guess what- -LUCK will still play the same role allowing you to end the year nicely

You have become nauseating, every fucking page I turn on this site I find you there "TA DOES NOT WORK! THROW YOUR TRADING PLAN OUT THE WINDOW AND JUST ENTER AT RANDOM LUCK WILL SEE YOU THROUGH!"

 

[Ned Stark]

He's just in denial. Jealousy must suck

Quote from sheda:

You have become nauseating, every fucking page I turn on this site I find you there "TA DOES NOT WORK! THROW YOUR TRADING PLAN OUT THE WINDOW AND JUST ENTER AT RANDOM LUCK WILL SEE YOU THROUGH!"

 

[HopelessTrader]

Quote from NoDoji:

It's not randomness. TA allows me to be positioned in the right direction when price makes the big move.

May God bless NoDoji. I've never read her journal but I just happened to notice that she started one dated back to 2008.. and she must have endured the marketsurfer's.. random lashes.. I've not been around long enough to know the history behind it but I'd bet it goes deep. Surf is pretty adamant about chaos. He really tries to help people.. I believe. That makes it kinda sad..

Has anyone ever looked into the ideas of soft-determinism... The philosophy is that maybe in this giant universe things can coexist. .meaning they don't always have to be black and white. While people are arguing various forms of the order vs chaos argument.. Others are moving forward and finding that sometimes they coexist and under what conditions.. opening a whole new set of possibilities...

Yea I'm saying that there can be order in randomness in the way there is light in darkness. But a person has to be willing to see outside absolute terms.

 

[marketsurfer]

Quote from sheda:

You have become nauseating, every fucking page I turn on this site I find you there "TA DOES NOT WORK! THROW YOUR TRADING PLAN OUT THE WINDOW AND JUST ENTER AT RANDOM LUCK WILL SEE YOU THROUGH!"

You forgot to add with proper money management. It's not just luck, it's being able to keep plugging away until luck gives you a big runner for profits. ND admits to 6 plus times of being wrong when entering on supposed TA signals --- cutting losses each time , then on the 7th time caching a huge winner in your direction.

I'm sorry that you have issues dealing with randomness and market reality. If using TA makes you feel better, great-- but that's not your edge.

surf

 

[sheda]

Quote from marketsurfer:
I'm sorry that you have issues dealing with randomness and market reality. If using TA makes you feel better, great-- but that's not your edge.

surf

I dont have any problem with randomness, im not the dickhead calling Exact tops Guaranteed! And then feeling like a fool once he is forced to admit the market is random and face reality. As for TA for the 9000th time its just a tool to help one make sense of it all, clearly you have a tool, most likely a wrench, stuck up your ass, which causes you to go around in a circle or two.