Is technical analysis getting the recognition it deserves in university studies?

Quote from Buy1Sell2:

unbelievably ridiculous.
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Now that is a convincing argument in support of technical analysis

You want proof of technical analysis as complete, total garbage? Go to the freecharts.com site (free variant of barchart.com).

They track how a number of popular technical analysis indicators PERFORM IN REAL TIME for LONG TIME PERIODS. Something believers in TA mythology always seem to avoid.

for example for S&P 500 futures:

http://freecharts.com/Commodities.aspx?page=perform&sym=SPM7

I have summed over all commodities for up to a 2 year time period from this site The basic result was ZERO profitability for all indicators over all commodities.

IT DOESN'T WORK!!! IT IS:
GARBAGE!!!!
TRASH!!!
USELESS!!!

I refer back to my previous post that it is in the realm of leprechauns, pixies and unicorns.

Referring to yourself as proof it works is called "anecdotal" evidence. Similar to old wive's tales. It is proof of nothing.

MASSIVE STATISTICAL EVIDENCE TO THE CONTRARY is the only thing that will be convincing.

Otherwise, it remains mythology.
 
Quote from rcanfiel:

MASSIVE STATISTICAL EVIDENCE TO THE CONTRARY is the only thing that will be convincing.

Otherwise, it remains mythology.
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Evidently you've never taken a statistics class or understand the concept of skewing results to match the desired set.

The debate goes on with the clueless raising their voices while the knowledgeable quietly smile and move forward.
 
Quote from ProfLogic:

Evidently you've never taken a statistics class or understand the concept of skewing results to match the desired set.

The debate goes on with the clueless raising their voices while the knowledgeable quietly smile and move forward.
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your still making limited to no sense.

it would make no sense to skew the results. we look for edges, if its TA, if its FA, if its your method--- it doesnt matter. the facts are, when tested, TA doesnt have an edge.. ... still waiting for your short call--before the fact.

surf
 
Quote from marketsurfer:

your still making limited to no sense.

it would make no sense to skew the results. we look for edges, if its TA, if its FA, if its your method--- it doesnt matter. the facts are, when tested, TA doesnt have an edge.. ... still waiting for your short call--before the fact.

surf
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It makes no sense to arbitrarily dismiss something you can not concieve or understand but you do it anyway. You don't look for edges you dismiss everything that doesn't conform to your way of thinking regardless of whether you can verify it or not. Of course you don't wish to verify it since you have had the opportunity and turned it down. You prefer to just run your mouth about that which you have no experience in.

I've made emini DOW LONG calls in your thread and calls sent to you . . . before the fact. Why on earth would I purposely call for a SHORT in a blatantly readable Upswing in a Bull Market. You are the only person I know that consistently has done that. Oh, excuse me, you got the February pullback correct . . . one out of 15 since October 2006 (verifiable in the "Surf Report" thread). Seven percent accuracy puts you right up there in the Hall of Fame. Keep up the good work. With that percentage Vic will probably hire you.
 
Tell you guys the truth the Quantative methods of trading derivatives is more common in schools than thew TA.

Well if you really rthink about it then the TA can be amplified into quant.....hmmm makes me think.......a grad with phd in quant...can make as little as 250K when he gets out of college with 2 year expierence......should I jump in on the band wagon????
 
Quote from rateesquad:

Tell you guys the truth the Quantative methods of trading derivatives is more common in schools than thew TA.

Well if you really rthink about it then the TA can be amplified into quant.....hmmm makes me think.......a grad with phd in quant...can make as little as 250K when he gets out of college with 2 year expierence......should I jump in on the band wagon????
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Isn't it a quants job to take historical statistics from financial instruments and extrapolate that to future prices?

Hmmmm...
 
Once again, there are traders in this thread talking about TA involving indicators and traders in this thread talking about TA involving price only (no indicators) or something else not involving indicators.

Simply, a few in this thread are debating as if their TA (past or present) is the same as the TA of the other guy.

:D

Another way to look at it, if TA didn't cut the butter for you while it does for another trader...

Why debate about generalities when its obvious there's a difference in the TA methodology???

It's all about probabilities and not about absolutes.

Mark
 
Quote from NihabaAshi:



Why debate about generalities when its obvious there's a difference in the TA methodology???

It's all about probabilities and not about absolutes.

Mark
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this is common misconception. its not about probabilities but rather intuition and money management,unless your trading some sort of real edge or believe yourself to have informational advantage. if a certain TA pattern/indicator actually increased probabilities-- it could easily be shown by simple statistical tests---then exploited over and over again. unfortunately for TA believers, this hasnt happened and i believe cant happen due to the nebulous artistic nature of TA.

regards,surf
 
Quote from marketsurfer:

this is common misconception. its not about probabilities but rather intuition and money management,unless your trading some sort of real edge or believe yourself to have informational advantage. if a certain TA pattern/indicator actually increased probabilities-- it could easily be shown by simple statistical tests---then exploited over and over again. unfortunately for TA believers, this hasnt happened and i believe cant happen due to the nebulous artistic nature of TA.

regards,surf
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There you go thinking again . . .
Moved your short stop again on the eMini DOW trade I see.
Good Luck with that.
 
Quote from marketsurfer:

this is common misconception. its not about probabilities but rather intuition and money management,unless your trading some sort of real edge or believe yourself to have informational advantage. if a certain TA pattern/indicator actually increased probabilities-- it could easily be shown by simple statistical tests---then exploited over and over again. unfortunately for TA believers, this hasnt happened and i believe cant happen due to the nebulous artistic nature of TA.

regards,surf
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First of all, lets get something very clear.

You and I have different methodologies, different trading experiences and most likely trade different trading instruments.

Further, what I consider to be an edge that's statistically verifiable may not be an edge to you (see my prior discussions on defining an edged via using ET search menu).

In fact, I have numerous edges and not all of them involves the price action of my trading instrument.

Yet, some edges do involve exclusively price patterns. .

In addition, I've discussed in great detailed here at ET about one particular edge involving the price action of one particular trading instrument.

I'm not talking about the Trading Hammers (revisited) thread.

Guess what, I'm not going to provide you the direct link because not only are you inside that box...

You insist on staying in the box with your beliefs as if its absolute for all.

Yes, I completely agree with you that any so called edge can be statistically verifiable (what's simple to you may be difficult to me or vice versa).

Let me repeat again, I have several edges.

Do I have to prove it to you?

Nope.

Have I discussed it in-depth here at ET?

Yep.

If you want to verified it yourself...go find find the discussion which is suitable work for a non-believer. :cool:

http://www.elitetrader.com/vb/search.php?s=

By the way, as you've known for a few year via a prior discussion with you...

I'm a price action only trader (no indicators) and I use a lot more than just TA.

In fact, I constantly preach here at ET there's a lot more to it than just TA.

However, for those that want to exclusively trade via TA...

Talk to those that have failed at finding a price pattern that past whatever verifiable statistical test they've used.

Listen to them very carefully and don't do what they did.

Surf, at least you got a few things correct in your quote...your use of the word belief or believers often.

I prefer to stick to the facts and I don't have time for beliefs in my trading especially after +15 years of trading.

Mark
 
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