Denise Shull Says Tape Reading Art is Real and Alive

Quote from cornixforex:

I think there are different niches in the financial jungle. Believe you are right about the top people in the business, it's pretty hard to move billions of dollars with TA/feel (though Soros openly admits he relies much on his "feel").

As for the small retail traders, they may make just as true living trading, but within their own niche, like NoD does in the CL. Impossible to replicate on more than a few contracts, but certainly a good living by most standards (except the standards of the world's elites of course).
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Soros may be a savant, or very lucky. I agree about him, but just look at his success-- where is the similar success of others with the "feel"? it doesn't exist.

I choose not to believe nodoji and the others with her claims--there is more than meets the eye there--- thats my choice as there is no evidence. what i believe is evidenced based, if you want to throw faith into your market philosophy, nothing i can do but warn you. surf
 
Quote from marketsurfer:

Soros may be a savant, or very lucky. I agree about him, but just look at his success-- where is the similar success of others with the "feel"? it doesn't exist.

I choose not to believe nodoji and the others with her claims--there is more than meets the eye there--- thats my choice as there is no evidence. what i believe is evidenced based, if you want to throw faith into your market philosophy, nothing i can do but warn you. surf
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No evidence only within your life experience, Surf... :)
 
Quote from cornixforex:

No evidence only within your life experience, Surf... :)
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No, the 100 plus across all spectrums of the market experience also-- not to mention their influences who formed their philosophys.

Speaking of the dark lord, here is an interview i did with my close friend Flavia who was hired by him to quantify his "feelings" so he could pass along his method after he retired--

http://www.tradingmarkets.com/.site/stocks/commentary/satinterview/01312005-42195.cfm

very interesting material--- she has some great stories about the palindrome, although not for public consumption. surf
 
I really liked that discussion.

corn read Flav/surf dialog and replied to surf in 7 minutes.

surf's Q's were kinda embarassing from the read I did.

The part I liked best was how surf digested the Falvia fact that models do not and cannot relate to the "context" of the moment. A very rich and deep comment in response to a fluff Q.

Later, the method, in three steps, sorted out things into two piles. Bu only if a long prior experience had been had.

surf must have the same emotion set that Flav has discovered her clients have (after much experience).

for beginners who wish to gain "knowing that you know" with certainty all the time, there is but one thing to do:

Annotate the events that are in force as an Order Of Events in any traded trend. In this way you will achieve two things:

1. You will know that you know all the time, and

2. You will always have with "certainty" that you know where you are in the Order Of Events of a trend (The OOE is an unchangable sequence that is carved in stone).

I use the CW emotions as a test. If I notice what surf always feels and flav always finds, I know I do NOT know. It is very important to always have feelings of comfort, support and confidence all the time you are trading.

I remember Denise's first public appearance. At that time she was getting acquainted with trading in the financial industry.

Now, we are in a Depression and the worst part is just coming into view. Food stamps plus food banks are doing relatively less by doing more and more. The providers always know that they know. So do the recipients. Congress is cutting food stamps and didn't recognize the rights of the impaired and crippled last week.

Now is the time to begin to contribute more of your increasing profits to the needy. Models that work always include the context automatically.

If you study finance and are handed a PhD, you have read and understand and modelled using Keynes, Carnap and Mandelbrot. None of them are dong interviews or Utubes.
 
I agree that technical analysis charts are a way of looking at Time & Sales (aka The Tape, ie. trading activity) over a period of time/price range/ticks/volume/etc. Most people can not handle staring at Time & Sales for several minutes let alone hours. So generally speaking I don't see this as a long-term worthy trading technique. Some folks do seem to use it in addition to charts to get a "feel" for trading activity.

Order Flow trading using Depth of Market (DOM) is a way of looking at Level 2 data (aka The Order Book). I believe Market Surfer calls this activity pre-trade "price drivers". But as research has shown, depending on the instrument/market, there is known gaming going on so it is not always a 100% reliable source of pre-trade activity.

Similarly leading indexes or market breadth indicators are not always 100% reliable.
 
Quote from marketsurfer:

It's related to the truth of the market and how it really works. Not what makes sense to you-- like getting an edge by looking at past price on a chart, seems to make sense but once you gain understanding seems ridiculous.

I don't think meriweather from LTCM is a showman by any stretch yet he blew up spectacularly and immediately raised another substantial sum. I could go on and on with examples. Big risk is needed for big rewards. Real investors understand this. If you can't embrace it, why not just get a job rather than trade?
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consider the differences between investors and traders.
 
Quote from Mr_You:

I agree that technical analysis charts are a way of looking at Time & Sales (aka The Tape, ie. trading activity) over a period of time/price range/ticks/volume/etc. Most people can not handle staring at Time & Sales for several minutes let alone hours. So generally speaking I don't see this as a long-term worthy trading technique. Some folks do seem to use it in addition to charts to get a "feel" for trading activity.

Order Flow trading using Depth of Market (DOM) is a way of looking at Level 2 data (aka The Order Book). I believe Market Surfer calls this activity pre-trade "price drivers". But as research has shown, depending on the instrument/market, there is known gaming going on so it is not always a 100% reliable source of pre-trade activity.

Similarly leading indexes or market breadth indicators are not always 100% reliable.
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The entire market is gamed. Do you really think chart TA of past price isn't? Ever hear of painting the tape? Not the book, the tape?

Charts present optical illusions. Not to mention totally hindsight biased. Hindsight combined with optical illusions--- yeah makes sense---not. I don't feel the need to explain this again and again read winner take all for some more color. There are numerous programs that read the book for you, learn how you are being gamed and pre transactional activity is the only price data worthwhile for day traders.
 
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