Denise Shull Says Tape Reading Art is Real and Alive

[marketsurfer]

Quote from R. Raskolnikov:

Surf deleted his post...guess he read this sentence from one of Brett's links:

"With practice you can see these patterns emerge and use them for excellent short-term directional trades."

http://traderfeed.blogspot.no/2007/05/trading-patterns-identifying.html

Dude! thats from 5 years ago! I was a TA true believer for years also--just look at my early posts here-- Gann and everything! We all eventually evolve out of the "chart mind" and look back and laugh at how naive we were. Some folks just keep on losing, particularly if they have another source of income or wealth from a business or whatever....others learn how the market really works and discard childish things like charts when trading.

I can't speak for Dr, Brett, but I do speak to him directly, lets just say we are in agreement regarding TA and its use in trading. I also believe the gist of his statement posted earlier says all you need to know about where he is in his education as a market player.

surf

 

[Laissez Faire]

Quote from marketsurfer:

I can't speak for Dr, Brett, but I do speak to him directly, lets just say we are in agreement regarding TA and its use in trading.

surf

You can't even articulate clearly your viewpoints. How is what Brett is teaching in those blog posts not technical analysis? You said he uses technical input like volume and breadth? Technical analysis right there.

The fact that he uses technical analysis to generate hypotheses and not conclusions is hardly anything new. I believe that is what most proponents of technical analysis does.

Please state clearly again your and Brett's viewpoints on TA once and for all.

 

[marketsurfer]

Quote from Laissez Faire:

You can't even articulate clearly your viewpoints. How is what Brett is teaching in those blog posts not technical analysis? You said he uses technical input like volume and breadth? Technical analysis right there.

The fact that he uses technical analysis to generate hypotheses and not conclusions is hardly anything new. I believe that is what most proponents of technical analysis does.

Please state clearly again your and Brett's viewpoints on TA once and for all.

I don't speak for Brett, I posted the gist of his statement regarding TA.

Here you go again, in case you missed it:

" He finds TA to be a way of framing hypotheses, not a collection of conclusions"


What do you think a collection of conclusions means in this context? I am not going to spoon feed you. sorry.

Remember, real traders evolve and change-- only the phony internet chart masters say their same tactics have worked for years. ( because charts only show the past, and thats where they live) This is complete BS as the market have changed radically.

 

[R. Raskolnikov]

I was trading 5 years ago, same method. I haven't seen any changes in terms of how markets move, only in the way stocks move on a micro level perhaps (HFT). But in the liquid instruments I trade, it's the same. Only thing that varies is volatility.

Quote from marketsurfer:

Dude! thats from 5 years ago!


surf

 

[Laissez Faire]

Quote from marketsurfer:

I am not going to spoon feed you.

The only thing you're doing is making a fool of yourself and that's obvious to everyone else but yourself.

You could have answered my questions, but you don't have an answer. I'm well aware of and familiar with Brett's work both through his blog and books, so I know his stance on technical analysis.

 

[R. Raskolnikov]

What am I missing..."special situations"....LOL

You can't seem to grasp that charts are just visual data. Some of us have figured out how to interpret some of that data and use it to our advantage. I'm sorry if this is a point of contention for you but the gonzo hate vibe you throw out incessantly should really just end. Focus on writing and marketing and transition away from what you aren't good at.

Quote from marketsurfer:

Funny! those thick glasses and green CRT screen must be clouding your vision-- but then again, if all you see are charts, you are missing so much

 

[marketsurfer]

Quote from R. Raskolnikov:

What am I missing..."special situations"....LOL

You can't seem to grasp that charts are just visual data. Some of us have figured out how to interpret some of that data and use it to our advantage. I'm sorry if this is a point of contention for you but the gonzo hate vibe you throw out incessantly should really just end. Focus on writing and marketing and transition away from what you aren't good at.

No gonzo hate vibe brother. all in love, man. seriously, i love the markets and I respect anyone who trys to make a living in this game-- all are invited to the surf fest-- details coming soon!

just, when i see folks on the wrong path, i try to set them straight. i also learned to request evidence rather than claims when evaluating systems and methods.

surf

 

[R. Raskolnikov]

So you, a person who doesn't have a consistent method is going to set people like me, with 12+ years of profitable trading experience (and counting) straight?? LMFAO!!

Happy Holidays Brother!

Quote from marketsurfer:



just, when i see folks on the wrong path, i try to set them straight.

surf

 

[marketsurfer]

Quote from Laissez Faire:

The only thing you're doing is making a fool of yourself and that's obvious to everyone else but yourself.

no worries, man. I am use to being the dumbest guy in the room. ALL my friends are either PhD's, hedge fund honchos,and/ or really really wealthy. heck, even ms. surf has a finance PhD.

So, I am use to being dumb even at home in the kitchen!

surf

 

[icarus618]

Surfdaddy, we have a FBO on the chart. Did you see the volume coming in?

Since you like predictions, I'll make one for tomorrow: Tomorrow's volume will exceed today's. I know what you're thinking: you can't make money off that prediction.

I'll post a chart later.