trade what,when,where,how?
CRUCIAL Knowledge about TA.
- Thread starter alex.samant
- Start date
Unfortunately, future human behavior (that is what economy is and what drives markets) can *NEVER* be proven.
Unlike in physics where the laws are fixed and sometimes partially known, in social sciences nothing is fixed and even less is known.
You can only shows that some past performance probably wasn't due to luck entirely.
what were your reasons for taking that trade?
what do you mean when you say mkt is weak? can you please be more specific? Thanks
Profitable traders using TA understand this point of view and that's why TA is just one chapter in the book called Profitable Trading.
Therefore, to truly test the reliability of TA one must also test everything that TA is being used with.
If not, why bother with testing one variable called TA when many different variables are required to make everything useful.
Therefore, the results will *NEVER* represent what's actually occurring in real trading conditions.
Anybody not interested or minimizes actual trading results...
We need to take their commentary with a grain of salt.
There's also a known conflict of interest here.
He's a system designer that markets systems.
By the way, there's nothing wrong with designing and selling systems.
The conflict is that he's the last person someone should be revealing their profitable method too especially when his requests are bundled with rudeness and insults.
http://www.elitetrader.com/vb/search.php?s=&action=finduser&userid=57744
Read his own words (the paper trail) in his posts at EliteTrader.com to see how rude and insulting he is.
Also, he doesn't just want TA results (some have shown such)...
He wants the actual codes or rules so that he can do his own testing.
In contrast, he is unwilling to show the common courtesy of coughing up personal info about himself as if a profitable method is not personal to the trader.
Basically he's asking for free access to your TA (he's holding out his hand) while unwilling to give anything in return.
He's completely underestimated the human behaviour of the markets along with underestimating how profitable TA traders will respond to his requests after he's been rude and insulting.
Don't give this guy anything that's personal to you unless he's willing to cough up some personal info too.
Mark
Trading is about Money Management and utilizing what's called Position Sizing
It's all about buying into a range and selling into a range
( no one can consistently pick the exact low or high )
it doesn't matter what style of trading you use Technical or Funny-Mental
----------------------------------------------------------------------
Trading is about you ability to manage Risk and protect your assets .
----------------------------------------------------------------------
Keep those losses as small as possible:
If you don t take the lean to sound money management techniques ,
You are Doomed !.....:eek:
It's all about buying into a range and selling into a range
( no one can consistently pick the exact low or high )
it doesn't matter what style of trading you use Technical or Funny-Mental
----------------------------------------------------------------------
Trading is about you ability to manage Risk and protect your assets .
----------------------------------------------------------------------
Keep those losses as small as possible:
If you don t take the lean to sound money management techniques ,
You are Doomed !.....:eek: