Has anybody read Technical Analysis The Complete Resource for Financial Market Tec...

Quote from jack hershey:

FYI

The author is incorrect.

But as you have said, nothing you read is going to influence your beliefs.

So I hope you were not influenced by the periferal information you quoted the author as, perhaps, believing and possibly writing about markets and trading.

The above quote is related to the CW.

Throw the book away. This will gain you a lot of future time savings.

I do not have to react nor do I have to predict.

I make money continually.

Below, I condense all there is to know about trading markets. If you have this information you can go lower and be powerful. If you are powerful you can go lower and have loads of money.

Information
Power
Money.

The market contains five streams of information.

Each has a known and precise order of events.

You construct the paradym using Keynes admonition to use "like kind" to form a complete Hypothesis Set. The Parametric Measure of the HS is done using Carnap's requirement: logic theory.

Go through and save the pages that address what I told you above that is not going to change your mind. Tear each page out one at a time if it is off topic relative to my views.

I have just finsihed writing, laying out the complete logic, providing all finite examples, and putting all the facts in order.

The overview is six pages.

The text with one ommitted part is 19 pages, the expansive ommitted part is about 70 pages.

All is laid out landscape and has book end charts of the finite list of examples.

The perspective is not just price like the book you are wasting your time reading.

If there is an order of events, then there is no need to predict. You look at the interwoven list of five OOE's

Since all trading is done in NOW, prima facia, reacting is too late and not effective nor efficient.

Now is a vertical line in time. Draw a parallel line in the future.

If you know what is observable in the Present, you get to know what is going on on the vertical line to the right.

The line is located precisely along the delineation of what is called NEXT in the order of events of the five intertwined streams that define the market completely.

It has been explained you are a "post". Adjectives helped as well.

The bottom line is that there is no noise, no anomalies and no flaws. In other words, the market is always correct.

I obey the market at all times. I am its partner. My name is parasitic, front running technician.

The market and I agree it is finite. Your author does not. He is incorrect.

George Boole invented the algebra of the markets. Each numeric base has its own algebra. Your author does not know this.

When computers were invented at first they only had simple hardware. Later, it was determined that inventing a language for a computer came first. Being old and talented, I worked on APL's. Before that I worked on making vacuum tube computers work logically.

Today there is a language to use to replicate the 5 entwined OOE's using finite math. It is called, advisedly, RDBMS

relative
data
base
management
system

You need only one sheet of paper to draw all the possible finite relationships in the market.

Almost all of them depict non events.

Money is made knowing the NEXT event and waiting through the non events to be able to parasitically frontrun technically the exquisite market's timing. I trade at five times the market's capacity.

So in a nut shell, you are fucked and a post of some kind. You cannot think anymore. You believe the myths in that book.

There was no reason to buy that book.
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Thank you for coming to help me here, Jack. I was wearying of carrying the burden alone. I suggest that you offer to mentor him. If he rejected Dr. Mudgins, surely he will accept your diametrically opposed views.
 
Quote from Duref Mudgins:

By the way, you are as dumb as a fucking post. I doubt that I could teach you anything even using a sledgehammer.
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Gulp!

You said what I didn't want to say.

Give him a break. He is a recent UConn graduate. What did you expect?
 
Quote from Albert Cibiades:

Thank you for coming to help me here, Jack. I was wearying of carrying the burden alone. I suggest that you offer to mentor him. If he rejected Dr. Mudgins, surely he will accept your diametrically opposed views.
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Damn. Jack's posts are getting crappier and crappier. It's becoming more and more obvious that he makes up stuff based on the info he has gathered from somewhere.

Jack's post are pretty much useless. There is nothing there. Nada. Zip. Zilch.

I never imagined a man could be such a loser.

Sorry Jack. You asked for it.
 
Quote from Albert Cibiades:

Leave him alone, you old curmudgins. Pick on someone your own intellectual size. Forget your own advice never to mudwrestle with a pig?
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This is funny.

The aspiring trader getting pummelled by curmudgeons and heckled by Hershey.

Poor guy. Poor guy. He is so clueless. He can't tell left from right. His head must be spinning.
 
Quote from Albert Cibiades:

'The meaning of your communication is the response you get." It's not just me. Look back at your first two threads at how posters eventally responded to you. I personally find your obdurate obtuseness to be endearing. Others didn't. No sense of humor, I guess. To continue the charade, let me respond not to you, but to the persona into whose mouth you put words. I think you have just a tinch of autism. Obviously high functioning. But your persona does not get it. Cannot build a mental model of how less socially challenged people think. In short, your persona just doesn't have good sense street smarts. Your persona has a high opinion of itself not shared by others. And we can't even see, touch, smell or hear you. Written words alone suffice to tale the tell.
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This was a blow to the head.

The OP is so smart that he doesn't know it.

He is still hanging around taking body shots.

ET is one fucked up place.

I guess this thread gonna need another cleansing.
 
The problem with TA is that you will maybe get a good signal and make $X but then lose 2 x $X in the next 5 signals. In books people will include the pattern that made $X and "forget" the other 5 that lost $2X. It is a behavior borrowed from everyday life. We remember only the good times, good people, good places, etc. We tend to forget bad situations. But in the case of trading that is very costly. So the conclusion is that most TA book authors adopt selection bias. IMO it is extremely hard to maintain positive expectancy with TA in the longer term. For that you have to go automated and use rigorous math.

TA vs. not TA is becoming like the Creation vs. Evolution debate.
 
Quote from kmgilroy89:

I bought Technical Analysis: The Complete Resource for Financial Market Technicians. It's like a textbook and I'm only through chapter 2. I want to read a chapter a day and do all the questions. It seems like a good book and my only complaint so far is that I wish it had an answer key for the questions. What do people on ET think of this book? Are there better books? Should I supplement it with something else?
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Why not just read the Amazon reviews and avoid all the crap you get here from ET trolls when you ask questions like that?

http://www.amazon.com/Technical-Ana...sr_1_1_cm_cr_acr_txt?ie=UTF8&showViewpoints=1
 
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