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Does Technical Trading Really Work?
- Thread starter Lloyd W. Coutee
- Start date
I can easily reject a great deal of TA without rejecting all of it. Perhaps that is a nuance too far for some but I'm comfortable with it.
There's a difference in meaning and intent between the statements .....
All TA is objective.
All TA works the way it's suggested it should work.
It should be easy to recognize the 2nd statement is false. However the fact that a large portion of TA is useless doesn't mean it's not objective. I'm sorry if there's a communication problem here but distinguishing the differences between objective and subjective have been an important part of my life for a v long time. Saying TA is objective has nothing to do with whether a specific objective form of TA is viable or not.
Some of those who appreciated what I posted in a previous life made big progress. The TA bashers were to busy trying to break down TA.I know who 'I Am Nobody' used to be few years back (as in another username) & I can tell you from what he used to post in the past - he is SHIT FRIGGING HOT.
Thanks for your posting. It is again for me a confirmation it was not for nothing that I posted these things.
Would appreciate it if you never make my other nickname public. For me the posting of valuable things is over.
Same experience here and same action taken because of that, like you did.I once had someone tell me to "shut the F up" with regard to sharing my stuff here because he felt I was revealing a lot of what we've worked so hard for. I felt that it was information anyone could find in a book or on the web, but I do realize in retrospect that I've been a bit loose with what I've shared, which is why I've backed off.
We think too quickly that what we find others can find too. Which is clearly not the case.
Let's see what Surf's win ratio is so far with his superior Price Drivers that doesn't incorporate any technical analysis:
I'm curious if he's ever used the compound word 'seasonal drivers' or made reference to seasonal price moves. I would ask him but I can't see his posts and I trust others such as yourself are more likely to give me a straight answer without diverting the conversation elsewhere.
Eventually my inquires in this area could lead to something v interesting. At least that's my intent and why I pursue tangents involving surf. However if this one fails to pan out I would like to take control over my desire to prove something and let go of this forever and never think of surf and his price drivers again.
in retrospect that I've been a bit loose with what I've shared, which is why I've backed off.
X2Same experience here and same action taken because of that, like you did.
This goes to show the stats of a superior system that doesn't implement TA. It's not aimed to discourage you from posting your trades, you are the one that suggests not to use TA on the other hand.
You are into maximising your profits by entering into trades prior to price confirming the analysis, but surely another way of looking at it would be saying that by entering early you are also maximising your losses, no?
Yes, i agree-- but it also maximizes wins. One huge win makes up for the losses.
Yours as well, surf. You claim none of it is objective. The truth is TA lies between the two extremes of entirely subjective and entirely objective. TA is vast; it contains multitudes.
I agree -- it CAN be objective but when it is -- it fails without exception.
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Someone subjectively applying ta does not make their ta subjective. No matter what flavor they choose or how many flavors exist in that category of ta ...the ta itself must be v specific or it's not ta.The truth is TA lies between the two extremes of entirely subjective and entirely objective. TA is vast; it contains multitudes.
Analysis that doesn't contain specifics isn't analysis. It can contain exceptions but those are either specifically defined or none can be included. If an exception is vague and not described well enough to b recognized then that portion of the analysis nullifies at least that portion of the ta and likely the entire ta. It doesn't make it subjective ta because that's a contradiction of the laws of the way things work in the physical world.