How many of you (small timeframe) traders take PA into account?

[dbphoenix]

Not that it was addressed to me, but most things that work, work only sometimes. If this was not true you would lose counter parties very quickly. Consistency is usually a product of turnover.

Trading price action has "worked" for millennia. To benefit from this, however, one must know why price moves up and down. Not everyone understands this.

 

[dbphoenix]

That's not a problem, it's merely a fact. It's how you use the data that gives it the potential to become information.

And, in turn, knowledge.

 

[marketsurfer]

Not that it was addressed to me, but most things that work, work only sometimes. If this was not true you would lose counter parties very quickly. Consistency is usually a product of turnover.

You forget that dB claims uncanny accuracy in all market conditions. Heck. Even since wyckoff wrote the riddle book. I think he is recorded saying 88% accuracy or some such. We are dealing with a savant. Peace. surf

Ps. The truth is , based on his own words, he really has limited understanding of how markets really work-- which u eloquently point out.

 

[dbphoenix]

You forget that dB claims uncanny accuracy in all market conditions. Heck. Even since wyckoff wrote the riddle book. I think he is recorded saying 88% accuracy or some such. We are dealing with a savant. Peace.

None of which is true. Is this how you go about winning arguments?

Like I said, arguing with you is like playing chess with a pigeon: it's just going to crap all over everything and act like it's won anyway.

 

[marketsurfer]

And, in turn, knowledge.

Despite all the other issues, having knowledge of these supposed patterns is false knowledge since there is no consistency in repeating patterns--- how can you be consistent using this same old tactic??

 

[marketsurfer]

None of which is true. Is this how you go about winning arguments?

Like I said, arguing with you is like playing chess with a pigeon: it's just going to crap all over everything and act like it's won anyway.

Ok. What is your accuracy rate? Maybe u said 83%??

 

[dbphoenix]

Despite all the other issues, having knowledge of these supposed patterns is false knowledge since there is no consistency in repeating patterns--- how can you be consistent using this same old tactic??

Of course, there's consistency. The S&P and NDX, among others, have been in a consistent pattern for the past seven years.

 

[dbphoenix]

Ok. What is your accuracy rate? Maybe u said 83%??

My winrate is comparable to those of others who follow the SLA (and not appreciably different from any of the numbers I've seen reported by those who trade price, e.g., NoDoji). This winrate number than you keep throwing around was for one month over a year ago. I suggest you get over it.

 

[marketsurfer]

Of course, there's consistency. The S&P and NDX, among others, have been in a consistent pattern for the past seven years.

Hindsight is 20x20. You cant extrapolate that into the future. If you could, it would be quickly exploited by dozens of supercomputers that scan for such things.

In fact, you cant even identify how many bars in one direction will increase the odds that the next bar or series will be in the same direction. How then could your price system exploit patterns based on price bars???

 

[marketsurfer]

My winrate is comparable to those of others who follow the SLA (and not appreciably different from any of the numbers I've seen reported by those who trade price, e.g., NoDoji). This winrate number than you keep throwing around was for one month over a year ago. I suggest you get over it.

What is that rate? My bet is it would place your group among the greatest traders who ever lived. Hence your fear in being ridiculed and exposed by saying it again.