Quote from rogerdubuis:
anti technology rants??! where do you come up with this stuff?
cycles and support/resistance exist, of course. however, they are ever changing and impossible to consistently use them in a fixed environment to predict the next move with any statistical edge.
Since you fail to understand the innerworkings of the marketplace, let's break it down into simple terms.
What moves the market? it's not TA-- TA is simply a graphical representation as to what has occured-- the market is moved by the mass of capital not the mass of investors--- one trader/investor ---opps there goes the entire "crowd/herd pyschology TA argument out the window--- can control what use to be 1000's of investors--- your TA cannot predict this persons whims or situation as to why he is buying or selling.
for example--a professional hedge fund investor cuts the bottom 25% of his holdings every year. this action sinks smaller, less established funds forcing a liquidation which in turn triggers massive drops in the funds individual holdings--- YOU are claiming that via your TA logical method-- YOU are able to predict this occurance by chart patterns. This type of thing happens everyday in all different scenerios--- this is what moves the market. Your charts CAN NOT predict these events and relie on simple brownian motion appearances of order. I can provide dozens of examples of non predictable events that cause psycles to be ever changing. your cherry picked charts can not withstand real world scrutiny.
I destroy your supposed claims of perfect market order and pseudoscience rants.
TA = Technical Analysis = a security analysis discipline for forecasting the future direction of prices through the study of past market data, primarily price and volume. (Wikipedia)
The key word & key phrase there is "Technical" and "price and volume". As technology advances so does the ability to utilize its abilities with more accuracy. Price & Volume are the pure foundation of TA. All I do is to analyze pure price action using constant volume bars plotting the natural cycles (support & resistance) that they create. That isn't pseudo science that is natural science you ignorant pompous ass. My son's 4th grade class understands this simple fact of physics that seems to escape you.
TA doesn't move the market? That's a pretty obvious. That's like making a statement, "soil analysis grows plants". How idiotic. Analyzing the soil will allow you to grow the plants in that particular soil more efficiently and consistently just like analyzing the
natural price movement of a particular chart will allow you to trade that particular chart more efficiently and consistently.
One is not trying to predict either a single person's whims nor the whims of a herd on a chart, one is simply reading the natural cycles and directional strength of a particular chart to give one an edge as to the potential direction of price at a particular oscillation (support or resistance) on that particular chart based on those natural cycles.
Professional hedge fund investor, that is an oxymoron. There are profitable hedge fund investors and unprofitable hedge fund investors, neither insuring that the person is a professional. You are a perfect example of that fact.
I state that I can create a chart formed on constant volume bars, make decisions based on a real time natural oscillations of support or resistance and a fixed set of objective rules where not only I can predict immediate price direction but the strength associated with that particular support or resistance oscillation. To take that statement a step further I state that the trade entry & exit decisions based on those oscillations and that objective set of rules that govern those executions will consistently produce profits on the chart they are applied to, regardless of increment, with an extremely high probability of success. Extremely higher than your silly coin flip scenario and without being effected adversely by your one of your eunuch black swans.
I've told you for literally years that I will prove this to you but only in person. Your response has always been, as it will be now, that you think I can perform some sort of hocus pocus or magic with my computer and my trading platform. So I figure I will preempt your repetitious ignorant response by telling your that I will load, in person and only in person, MultiCharts and eSignal on any computer of your choice and then call out the trades with a group of individuals watching (you pick some and I will pick some) with your chubby little fingers executing the orders just so I can make you frigging choke on your statements.
To make it interesting and to not put a monetary wager on the outcome because we all how you hate that, lets say that if I can't produce what I say and we will let the gallery decide that, I will walk down any 5 blocks of Wall Street on any Monday morning of your choice in a diaper and a 25 square foot sign saying I'm a fraud but likewise so will you the same. I have friends at the Times that would to capture this moment on film.
The only thing you destroy in your rants are what little credibility you have left. There is no "perfect market order". The markets are totally random and chaotic but charts can and are constructed to take that randomness and put order to them. No one cares whether you, David Goodboy, believes this can be accomplished or not. Anyone can create the environment I trade in and verify this for themselves, everyone except you that it because you are physically incapable of original thought.
Go back to your office and waste some more time creating a few dozen more aliases to crash websites you are banned on.