and i mentioned dan zanger, because his results are accounted for apparently, so he doesn't have to step up, his results are already verified..
Great entries, horrible exits
- Thread starter illiquid
- Start date
But that was not the original post. I said I wished someone would step up IN THE NAME OF SCIENCE and disprove that you cannot use SOLELY TECHNICAL ANALYSIS INTRA DAY TO BEAT THE MARKETS.
What part of that statement has to do with locking you in a room and giving you a million dollars to prove it?
You could have said: Nitro, while your request seems interesting, and while I do make a living doing this, I am not willing to do it in the name of science. I would have understood that.
nitro
if you wanna take me up on that challenge, take me up, i take that offer anytime of the day 
that's exactly what i wanted to say, sorry for making a misunderstanding.
and this one i misunderstood too, i don't think he trades intraday. i cannot think of someone who had his intraday results audited.
AHA!
BTW, I do know someone that did make money intraday using "T/A", but like I said, if you look closely at the method it was not _just_ technical analysis that made it successful - in fact it was probably of almost no consequence. You could see that the "T/A" part of what he used was nothing more than trading with the "trend". It was the rest of his "system" that made it viable imo.
nitro
The citigroup firings were a result of something being done, in response to the big fat 0 in earnings being reported. More of a political stockholder reaction from management...if it doesn't work...fix it.
Quote from trade4succes:
"Recently, Citigroup fired it's entire Technical Analysis staff. I just wish that someone, for the sake of science, would step up and say, I look at lines on my screen and I make money consistantly and I am willing to prove it."
yadda yadda yadda.. Please step into my office
Regarding the original question: With exits stick to what made you enter. Suppose we're talking s/r's here. you entered on support, don't exit the market until resistance. but don't exit before resistance except when the market tells you it is not gonna break resistance. when it breaks resistance, use that previous resistance as a new point for stoploss and exit either at that point, or at new resistance. etc.
So,
They have a zillion (I don't know the number, but I assume Citigroup did not do this half assed) technical analysts that made no money over an extended period of time, but getting rid of this group because they make no money is a political stockholder reaction (which is false, since most people that invest with Citigroup or Merril Lynch etc don't even know the 30 components of the DOW, let alone what a support and resistance line is) ?
I don't think so.
nitro