The "Ignore" button was created for a good reason. Use it to your advantage.
Do large banks and institutions use TA to profit?
- Thread starter londonkid
- Start date
Only when I'm feeling little tipsy, surrounded by hot looking women. Now drink up and enjoy life!...this forum thread is full of hot air
I highly recommend you do what so many of us have already done...
Put him on ignore (blocking) and then do not mention his user name again.
It seems as though the journal section has been kept fairly free and safe of the shenanigans of the shenaganizers. Why can't the solution be to just ignore those who get you so emotionally worked up? I mean, it is just an internet message board, and while I am not omniscient, I do believe that the state of your eternal soul is not dependent upon you saving the world from the likes of marketsurfer. I think that so long as the mods continue to police the journals and to remove reported posts there that ET can still be workable and interesting in part, even if most of it is not worth the "paper" it would have been written on 30 years ago. I like your posts. Why let your frustration with someone so obviously here for self-promotion cause you to shut down your participation in a venue that could be of potential benefit to you. Let marketsurfer be marketsurfer, and let dratsum be dratsum.
Thanks for setting the record straight, Debit. The haters are so misguided on even the basics, no wonder they consistently lose while trading. The old axiom that the market holds the strongest attraction to those very people who are least suited for it proves true once again.
The one joker is trying to "find a solution" to an imagined problem, but apparently has been banned once again from elite for nonsensical gonzo hate vibing.
surf
I don't act upon emotion. If an event triggers emotions I think thru things logically the same as when I'm not experiencing emotion. Neither urf or ET trigger emotion for me.
The answer is very simple and I will answer by putting couple of other questions:
Do NYSE Exchange has TRIN data officially on its floor? - this is technical analysis.
Does WSJ publish advance decline data? - this is technical analysis
Yes, banks and institutions use TA, but if you think they use MACD and Stochastics, you are wrong... If you think they use stockcharts then you are wrong.
They do have professional developers and professional analysts who does combined technical and fundamental analysis by using their own proprietary data and proprietary tools.
It was already established that some institutions use it for trade decisions and some do not use it at all. Specific names of those institutional trading firms that use it were identified. In fact, one specific firm was identified...not all of its traders use it...just some of the firm's traders do use technical analysis.
It was also established that the hedge funds that used TA (although they use it alone) outperformed hedge funds that did not use TA...outperformed by several percentage points and in the world of hedge funds...that's huge. The university professors that did the research were ignored because they weren't famous. This was mentioned either in this thread or within one of the other similar like TA topics that popped up in the last few months...names of the professors given for any naysayer to easily research.
Traders at institutions just don't use it the same way as the typical retail trader use it because the typical retail trader tends to use TA alone or as if its the most important thing they use...something that professional traders do not do because there are more important things they use in their research prior to making trade decisions.
Some don't use it and some do use it.
Like you said, they use it in combo with other stuff. I know for fact they use TA with fundamental analysis, macro/micro economic analysis within their own proprietary system for investing or trading decisions. I know such because I have relatives and close personal friends that work for institutions along with reading about those that I do not know. Ironically, many of the naysayers are on record here in stating that TA is useful when used with other things....that's not a misquote. End of story.
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