hmm.no edges in the markets

[marketsurfer]

Quote from HopelessTrader:

In my opinion there needs to be more.. Maybe if I get around to it.. I will add x amount of slope for y amount of time. then doji.. to see what that looks like. I do agree with the concept of doji.. I mean the "buyers drove price up.. then sellers took it down. .ended in indecision, so then waiting on confirmation. .but theres more to it for example.. what is the dollar doing. whats going on in the bond market.. what instrument am I trading

Good luck, I hope you find something. My experience alone and with my group ( who test these types of things 1000's of times a year) have never found anything worthwhile looking in the direction of TA. surf

 

[cornix]

Quote from marketsurfer:

Good luck, I hope you find something. My experience alone and with my group ( who test these types of things 1000's of times a year) have never found anything worthwhile looking in the direction of TA. surf

Did you find and successfully exploited any edges at all?

 

[HopelessTrader]

Quote from marketsurfer:

My experience alone and with my group ( who test these types of things 1000's of times a year) have never found anything worthwhile looking in the direction of TA. surf

Fire your quants. There is stuff that works. No one's going to prove this to you. You need to find it for yourself.

 

[marketsurfer]

Quote from HopelessTrader:

Fire your quants. There is stuff that works. No one's going to prove this to you. You need to find it for yourself.

I only have one quant-- LOL! the rest are a collaborative group I am part of--- There certainly are ways to make money in the market, good luck on your search! surf

 

[tobbe]

Quote from marketsurfer:

I only have one quant-- LOL! the rest are a collaborative group I am part of--- There certainly are ways to make money in the market, good luck on your search! surf

Is that in actual trading or affiliate marketing?

 

[marketsurfer]

Quote from tobbe:

Is that in actual trading or affiliate marketing?

Actual trading. Truthfully, I pretty much failed with the affiliate marketing business. My sites were never able to draw enough traffic and I never made more than a few $100 after spending much more on marketing efforts. surf

 

[NoDoji]

Quote from marketsurfer:

Money flows determine price, not traders behavior overall. 1000 angry bearish retail traders all shorting at the same time, can't change the direction of an instrument if one bullish hedge fund manager decides to go all into a stock ( generic) with $100's of million. He who has the cash makes the price, not the behvior of the masses--- remember, this is just an example showing how its capital not sentiment of the masses that drives price. this is myth #2 of technical analysis.

I agree that the behavior of a bunch of little retail traders has little effect on running price, except in very low volume periods such as NY lunch hour.

However, a bullish hedge fund manager isn't going to slap on major size all at once and even if s/he was inebriated and decided to do so, it would likely be at a price zone that indicated value. I've heard interviews with farmers who have to use futures to lock in their prices and they say they use price charts to do this!

Reading price action is choosing to trade at levels where many "large eyes" are seeing potential value. If price sets up a pattern that tends to result in a directional move more often than not, you jump on the wagon and hope the ride isn't too bumpy

 

[ammo]

Quote from marketsurfer:

Good luck, I hope you find something. My experience alone and with my group ( who test these types of things 1000's of times a year) have never found anything worthwhile looking in the direction of TA. surf

great minds think alike,sorry surf, couldn't resist

 

[NoDoji]

Quote from marketsurfer:

Yes, today it takes software to interpret it for the most part-- but this is easily and cheaply available on the market.

From that company (whose name I shall not mention) you're a stealth vendor for, lol!

 

[cornix]

Quote from NoDoji:

I agree that the behavior of a bunch of little retail traders has little effect on running price, except in very low volume periods such as NY lunch hour.

However, a bullish hedge fund manager isn't going to slap on major size all at once and even if s/he was inebriated and decided to do so, it would likely be at a price zone that indicated value. I've heard interviews with farmers who have to use futures to lock in their prices and they say they use price charts to do this!

Reading price action is choosing to trade at levels where many "large eyes" are seeing potential value. If price sets up a pattern that tends to result in a directional move more often than not, you jump on the wagon and hope the ride isn't too bumpy

Yep, that's why price is golden. Nothing can be hidden in price chart, nothing.