Quote from cornixforex:
So 5 years ago TA worked, but not anymore? Come on, Surf!
Did I say it worked?
You are so unaware it's not even funny. :eek:
Denise Shull Says Tape Reading Art is Real and Alive
- Thread starter cornix
- Start date
Did I say it worked?
You are so unaware it's not even funny. :eek:
If you say it didn't that means you accuse Dr. Brett being deluded by it 5 years ago.
Unaware of what? That TA does work for me and a few people I personally know, including some of them who started literally from scratch and turned into highly profitable traders? All that I am well aware of, you are not aware of this objective reality around you.
Quote from cornixforex:
If you say it didn't that means you accuse Dr. Brett being deluded by it 5 years ago.
Unaware of what? That TA does work for me and a few people I personally know, including some of them who started literally from scratch and turned into highly profitable traders? All that I am well aware of, you are not aware of this objective reality around you.
I was deluded for years, anyone can be. TA seems so natural and real-- it's hugely attractive --- how do you think the market feeds itself?
In the US, your evidence is called hearsay. It's not objective but rather subjective to choosing to believe, not even a known person, but an Internet alias of an unknown source. I don't even know if claims from an alias would even reach the low bar of hearsay. Would you accept evidence like this as fact? Particullarly, when all the scientific testing indicates the edge, if any, by using TA is so small it doesn't even cover the Vig and this is in the best cases?
My friend Arch Crawford had the number one most accurate financial newsletter as objectively determined by timers digest. Arch is an astrologer and uses astrology to predict markets. It is an objective fact that his newsletter was ranked #1 for years and years.
Does this mean astrology works? That astrology isn't garbage?
Obviously, astro is nonsensical despite Arches success. You don't even have the evidence that Arch has in your defense of TA. In fact, the evidence of TA not working is stacked against you.
I try to keep my mind open. I don't know if astrology is garbage or not... like many other things in life. What I know is me and other people I know use tools X and produce result Y. Trading is business, not research. We just do what works and not try to second-guess why does it work.
Let researchers research if they want. But to me personal experience will always be valued far above their reports.
Email Br:tt and ask what he meant. I don't want to speak for him. Just don't forget TA isn't used for conclusions but rather a framework. This is the most critical and insightful gist of what was stated.
surf
Are you going to email and ask for a clarification? Perhaps coming from an authority in YOUR field you will listen --- unlike what I state.
When I say TA, I'm talking about charts and the way you make trading decisions based on charts. Not all data. Pre-trade data mixed with the other price drivers---plus a variety of other info can provide an edge.
But if your truly profitable, you shouldn't care. There's a disconnect here.
surf
No, wait. TA is not just charts. T&S, volume, DOM analysis is also technical analysis, no doubts about it.
"Technical analysis is a method of evaluating securities by analyzing the statistics generated by market activity" (from Investopedia definition).
What is pre-trade data besides orders in the order book? Fundamentals?
When I say TA, I'm talking about chart reading, patterns and making decisions based upon the chart and price/volume patterns. Isn't this style if TA what you and your successful friends practice? I never heard nod:ji say she reads the book or DOM-- or Jack H post anything other than price charts. Stop changing and diverting the topic. I have made this very clear many times.