Edward O. Thorp on charting
- Thread starter truetype
- Start date
chart TA is one sad discipline if it has folks like you Posting personal attacks as its only defense.
Yeah, really:
And you are hiding behind a veneer of arrogant bluster, fishing for guidance:
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Close to order flow, within retail capability. The spread is a good starting point though.
You read me wrong. What else do you read wrong.
I would never underestimate the ruthlesness and efficiency of a good auto or semi auto trading system compared to either discretionary or fundamental trading.
@themickey
Definitely tend to read people wrong, but thankfully numbers right (most of the time). My apologies
Definitely tend to read people wrong, but thankfully numbers right (most of the time). My apologies
This is worth reposting-- the original theme of the thread.
From Thorps book- and posted earlier by TT-- i am sure the TA masters here can relate......
Thinking about momentum led me to wonder whether past prices could somehow be used to predict future prices. To test this, I looked at charting, the art of using patterns in the graphs of stock (or commodity) prices to to forecast their future changes. I was introduced to this by Norman, a Canadian resident living in Las Cruces, while I was teaching at New Mexico State University. After months of examining his data and predictions, I was unable to find anything of value. As [wife] Vivian said at the start, "This is going to be a waste of time. Norman's been doing this for years and you can tell he's barely getting by. Just look at his worn-out shoes and shabby clothes. And you can tell from the quality of his wife's old and dated outfits that they were once better off."
-- from his new book "A Man for All Markets," page 149
From Thorps book- and posted earlier by TT-- i am sure the TA masters here can relate......
Thinking about momentum led me to wonder whether past prices could somehow be used to predict future prices. To test this, I looked at charting, the art of using patterns in the graphs of stock (or commodity) prices to to forecast their future changes. I was introduced to this by Norman, a Canadian resident living in Las Cruces, while I was teaching at New Mexico State University. After months of examining his data and predictions, I was unable to find anything of value. As [wife] Vivian said at the start, "This is going to be a waste of time. Norman's been doing this for years and you can tell he's barely getting by. Just look at his worn-out shoes and shabby clothes. And you can tell from the quality of his wife's old and dated outfits that they were once better off."
-- from his new book "A Man for All Markets," page 149
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