hmm.no edges in the markets

[nitro]

Quote from marketsurfer:

Every thread that has started this way has quickly ended, including their hero Cornix. no need to do it again.

I just did a live TA&PA call.

 

[nitro]

Quote from marketsurfer:

What do you see when you look at a chart? The future? LMAO!!

How many moves in one direction increase the odds of of the next move or series being in the same direction or reverse? TA deluded can't even answer this most basic question. Yet they talk stats like its their expertise. Sad.

At the bottom of the ocean, there are lots of shipwrecks with charts in them.

 

[R. Raskolnikov]

I actually have this objectively quantified....it's how my method works! It's based on statistical analysis of every time frame I use to generate signals. Been working for 15 years and counting.

You're getting closer Surf....

Quote from marketsurfer:



How many moves in one direction increase the odds of of the next move or series being in the same direction or reverse?

 

[nitro]

Quote from R. Raskolnikov:

I actually have this objectively quantified....it's how my method works! It's based on statistical analysis of every time frame I use to generate signals. Been working for 15 years and counting.

You're getting close Surf....

If it is rule based, it is closer to quantitative trading than TA. If it is completely automated, then it is algorithmic trading, not TA. If it is hybrid, well that is hard to categorize depending on how often you override.

TA to me, means subjective trading by mouse clicking, based on charts and indicator on those charts. The more it is completely rule based and completely running by itself e.g., on TradeStation or NinjaTrader of MultiCharts etc etc through an API, it leaves the realm of TA because it is no longer subjective.

TA&PA=trading on the subjective interpretation of data
QT=rule based trading, regardless of how you form your rules, through charts or not. Note TA&QT are blurred.
AT=QT on a computer. Can be hybrid and still be AT.

 

[sheda]

Quote from marketsurfer:

What do you see when you look at a chart? The future? LMAO!!

The present....along with all movement leading up to that point..

The problem is the very premise of TA is fatally logically flawed. That is why I try to advise others of the facts. If it wasn't logically flawed, I wouldn't have an issue with it.

Explain to us exactly how it is flawed?

 

[R. Raskolnikov]

TA can be either subjective or objective so long as the trader or algo is "analyzing statistics generated by market activity" to make trading decisions.

http://www.investopedia.com/terms/t/technicalanalysis.asp

If ones inputs into an algo are based on statistics created by the markets, then it's a TA based algo or, at the very least, contains some technical analysis.

Quote from nitro:

If it is rule based, it is closer to quantitative trading than TA. If it is completely automated, then it is algorithmic trading, not TA.

TA to me, means subjective trading by mouse clicking, based on charts and indicator on those charts. The more it is completely rule based and completely running by itself e.g., on TradeStation or NinjaTrader of MultiCharts etc etc through an API, it leaves the realm of TA because it is no longer subjective.

 

[sheda]

Quote from galvinlee888:
1) Anyone can do TA

Just about, unlike quantitative trading.

2) You only need to attend my education which cost $5K

I don't think that's a very wise route to go down when people can learn on their own, unlike your route with options:

A - Hire 500 PhDs
B - Message me

3) Price is everything, you only look at the chart and price action

If price and charts are what you are trading then yes.

4) Setup an account with IB or any bucket shops

Oh..is a retail trader to open an institutional account?

5) Fund your account with 5K, wait a minute, you don't have 5K ? then 2K will do the job

Work with what you have.

4) Pick the high probability setup in your chart and enter your trade

Beats picking the least probable.

5) Sit back and begin to count your money

Back to exposing your own flaws and lack of trading knowledge.

6) You can quit your daily job and work freely from your home.

If they succeed, yea..what is your point, exactly?

 

[nitro]

Quote from R. Raskolnikov:

TA can be either subjective or objective so long as the trader or algo is "analyzing statistics generated by market activity" to make trading decisions.

http://www.investopedia.com/terms/t/technicalanalysis.asp

If ones inputs into an algo are based on statistics created by the markets, then it's a TA based algo or, at the very least, contains some technical analysis.

TA&PA=trading on the subjective interpretation of data
QT=rule based trading, regardless of how you form your rules, through charts or not. Note TA&QT are blurred.
AT=QT on a computer. Can be hybrid and still be AT.

What you are doing is QT, which can encompass TA. If you also automated it, then you are doing AT.

If you make the final decision by clicking on a mouse, then it is closer to the left. If a computer makes the actual trading decision, it is on the right. Note that the arrow on TA&PA point in both directions:

Brain<--Subjective<-------TA&PA-->---QT-----------AT------>Objective-->Computer

 

[R. Raskolnikov]

Regardless of who is doing the actual trading, the system is still derived from market generated statistics.

Quote from nitro:

TA&PA=trading on the subjective interpretation of data
QT=rule based trading, regardless of how you form your rules, through charts or not. Note TA&QT are blurred.
AT=QT on a computer. Can be hybrid and still be AT.

What you are doing is QT, which can encompass TA. If you also automated it, then you are doing AT.

 

[nitro]

Quote from R. Raskolnikov:

Regardless of who is doing the actual trading, the system is still derived from market generated statistics.

No disagreement from me there. Look at the little chart above in my last post.