If you want to fail as a trader, study TA

[The Expert]

Quote from DionysusToast:

Good day all.

I have read through this thread over a 12 incher from subway after my lunchtime run. In Bangkok, a bit of French stick with some processed chicken slapped in it by an uninterested student is considered 'exotic food'.

It seems some are worried about the length of the thread. I would recommend that you set your settings to 40 posts per page as I did and then it's only 13 pages. Imagine how much time I have saved reading through 13 pages instead of 60.

Hello to those from 'across the water' on 'the other forum' - I shall first allow those from that site to abuse me for participating in conversation with T_E before I get involved in the details. I just hope we have graduated from 'a$$ licker' and 'disciple' as the crowd here seems a little more sophisticated and you should always consider your audience.

Please - get it out of your system now and we can continue.

BTW - claims of me distributing copyrighted material are grossly exaggerated

DT

Hi DT,

Nice to see you, nice

I am travelling at the moment so very busy. Will catch up later and get some more good discussion going.

TE

 

[The Expert]

Quote from macattack:

TE,

After reading about 20,000 posts of yours it seems the main message you have is that trading is gambling, and if we want to succeed we need to actually use our brains and think, create a process, and live our lives so that trading becomes our art if we truly want it to be so.
There's more to it, but I don't want to type too much. The funny thing is what you say is true, at least for me. I was taught to read books, read books, read books. When it came time to trade I wouldn't think for myself unless it followed something I read in a book.
Now you come along and say to use my brain, better than any computer out there, there are no experts. It's all up to me. If I want to make money trading I have to create it. There are no rules. I can make my own. I have to be my own expert.
I've come to realize I hardly use my brain the way you speak of in anything I do. I read books. I listen to other "experts". I was taught this since childhood. I got straight A's, so I thought I was smart, but it was nothing but memorization. So anyway I still wish you would give some more Key information that would help with trading, but that's up to you. Thanks for helping me to open my eyes a bit if nothing else. I'll work on opening them up even more.
By the way you are one fascinating dude. I've read threads from 5 of your alias's now. You seem to know just about everything. How the hell do you know so much diverse and "strange" stuff? Are you like a speed-reader, jeopardy-winning genius or something?

MK,

The only thing I know, is that I really know nothing

Nothing special about TE, he is just one ordinary idiot that decided to start thinking for himself after realizing that everything is centered around power and control of the majority by the few.

If you care to read up on History, you will see just how true this actually is, and, education and religion being the main tools used by those who know about control.

We will start a new thread on control of the masses, by the few, shortly, as it is very relevant to self-improvement.

For now, just realize that no one gives a s.h.i.t about you and you must do what YOU need to do for yourself and your family, and, fuk everyone else, as they really know nothing, but actually think they do

TE

 

[macattack]

Quote from The Expert:

MK,

The only thing I know, is that I really know nothing

Nothing special about TE, he is just one ordinary idiot that decided to start thinking for himself after realizing that everything is centered around power and control of the majority by the few.

If you care to read up on History, you will see just how true this actually is, and, education and religion being the main tools used by those who know about control.

We will start a new thread on control of the masses, by the few, shortly, as it is very relevant to self-improvement.

For now, just realize that no one gives a s.h.i.t about you and you must do what YOU need to do for yourself and your family, and, fuk everyone else, as they really know nothing, but actually think they do

TE

I don't need to read up on history anymore; I've gotten an entire history course from reading your threads. I totally agree about the few using their power to control the majority. It's pretty clear when you stop & think about it. There are many examples.

I have a question though; something that makes no sense to me. You seem to be quite advanced when it comes to using your brain & thinking along with some others that I know of. But in many of your threads you may have 20 people interested & trying to learn, and then 5 people that are just annoying idiots. You usually succumb to the idiots and stop the thread or sink to their level & argue with them, or if the thread gets moved to chit chat you'll stop posting in it as if you were insulted.

I could be wrong, but that seems to be a weakness, not a strength. It doesn't mesh with all the things you write. It seems to be the opposite. You let the "weaker minds" win, and you abandon the people you say you're trying to teach. Why is that?

 

[Mysteron]

Quote from macattack:

TE,

After reading about 20,000 posts of yours it seems the main message you have is that trading is gambling, and if we want to succeed we need to actually use our brains and think, create a process, and live our lives so that trading becomes our art if we truly want it to be so....

....Now you come along and say to use my brain, better than any computer out there, there are no experts. It's all up to me. If I want to make money trading I have to create it. There are no rules. I can make my own. I have to be my own expert....

.... So anyway I still wish you would give some more Key information that would help with trading, but that's up to you. Thanks for helping me to open my eyes a bit if nothing else. I'll work on opening them up even more....

A bit more info would be helpful TE.

In the past you stated something along the lines of: you learned a way of reading charts, and that when anyone else sees that too, then they won't want to tell anyone else.

Maybe if I stare at charts for long enough then I'll eventually see the face of christ, but thats not the kind of revelation that I'm looking for.

Until then I'll use my own judgement and B&E.

Best wishes.

 

[MAESTRO]

I am convinced that by using bid/ask pressure gauges anybody could get better results than using TA. I have been doing it for 18+ years and was able to help to quite a few traders to get firmly on their feet. Charts are deceiving, intimidating and lagging. Our in-house traders are not even allowed to look at them!

 

[Mysteron]

Quote from MAESTRO:

I am convinced that by using bid/ask pressure gauges anybody could get better results than using TA. I have been doing it for 18+ years and was able to help to quite a few traders to get firmly on their feet. Charts are deceiving, intimidating and lagging. Our in-house traders are not even allowed to look at them!

MAESTRO,
YOU are pushing a product, and I am not interested. If your product had any value over the 18 years you mention then it would have spread rapidly, and numerous incarnations of it would be available from numerous providers.

That simply isn't the case. So I don't believe a word you say, so kindly go and peddle your stuff elsewhere.

 

[MAESTRO]

Quote from Mysteron:

MAESTRO,
YOU are pushing a product, and I am not interested. If your product had any value over the 18 years you mention then it would have spread rapidly, and numerous incarnations of it would be available from numerous providers.

That simply isn't the case. So I don't believe a word you say, so kindly go and peddle your stuff elsewhere.

You are new here and probably don't know me. So, before you say something like that you should check who you are talking to. People know me here; and they know that I have never pushed anything. If you don't need help just ignore my post. But assuming things is not going to get you anywhere. Good luck! (God knows you are going to need it!)

Cheers,

MAESTRO

 

[MrPowerBallad]

Quote from Mysteron:

MAESTRO,
YOU are pushing a product, and I am not interested. If your product had any value over the 18 years you mention then it would have spread rapidly, and numerous incarnations of it would be available from numerous providers.

That simply isn't the case. So I don't believe a word you say, so kindly go and peddle your stuff elsewhere.

Maestro has been around this website for a long time and has generally contributed some of the higher quality posts throughout the years. He's earned the right to let people know he has a new tool for sale. Also, his recent posts and link to software are relevant to this thread since they offer an approach that doesn't involve TA.

 

[MAESTRO]

Quote from MrPowerBallad:

Maestro has been around this website for a long time and has generally contributed some of the higher quality posts throughout the years. He's earned the right to let people know he has a new tool for sale. Also, his recent posts and link to software are relevant to this thread since they offer an approach that doesn't involve TA.

Thank you! This tool is not new at all. People at ET asked me for years to get the access to the methodology I developed over the years. My company finally decided to allow a limited access to our proprietary tool through the minimum monthly fee. I always said that the tool is not for everyone and it is very counterintuitive and somewhat difficult to accept for somebody who is already trading using charts. I personally don't care whether people here will like it or not. I am not financially rewarded from the subscriptions, however, as an author and an inventor naturally I like my creation and feel proud that someone actually might benefit from it. Having said all of that I will not expand on it anymore. Over so many years here I only answered the questions without suggesting anything. If you look at my posts I have been always against TA and this thread just caught my attention. My tool is the best way I know to show people how NOT to use TA. If people don't want it then it is absolutely fine by me.

Cheers,

MAESTRO

 

[limitdown]

Quote from Fibbin-Archie:

I agree with you maestro, all TA can do is help quantify probabilities, I don't see TA as a magic bullet that can see into the future, but it's certainly enough to give you an "edge"

I like your analogy of a pressure gauge.

a very dul edge at that.


one need watch price action and then filter through the rose colored glasses their perspective ...

any trader, or company only represents a fraction if not a small percent of participants at that particular vehicle being traded...

as such, one need have some indication of what the other participants are doing and have done during the trading and most recent trading days..

TA serves that limited purpose, but predictive, well that makes the basic mathematical presumption that all things being equal or remaining at the same momentum of participation...

perhaps now one can clearly see the flaw in what makes TA (technical analysis) both the most useful tool and the least useful tool....

trading has always been about competing contradictions, as if being a contridiction wasn't competing enough....