I don't use this, but the Parabolic Stop and Reverse can easily be quantified. It produces several whipsaws and then gives a big winner and is an exact mathematical system that is idiotproof. Most folks can't stomach the whipsaws, but the system does work over the long haul. That's TA. Bottom line: TA works. Probably not all TA works, but all we have to do is find one instance where it does and the argument is over. --It is over now.
Is technical analysis getting the recognition it deserves in university studies?
- Thread starter marty_f
- Start date
Already self published and the proof is in the use.
I offer proof, you offer claims. PROOF, Jackass. Your unsubstantiated 80% (as the previous poster noted) pretty much dismisses your trading acumen. Obviously 80% is meaningless, as anyone can do this, just average $50 on wins and -$400 on losses. It is Profit Factor, Sharpe Ratio & a host of other stats that have significance..[/QUOTE]
I agree that any system with 80% winners COULD ultimately be a dud becuase the lossers are far bigger than the winners. The common sense dictates that in an objective system IF the direction and strength of price can be reasonably determined THEN ones stops SHOULD be extremely tight to limit ANY losses to small. Of course that assumes the person understanding the concepts possesses commom sense.
One also understands at a reasonable age the correct use of the language.
So by all means, start your journal. Head to the main forum and start posting your daily trades with account statement or independently monitored track record, Mr. ProfLogic. Mine is already there. Otherwise, shut the F*CK up...[/QUOTE]
When I find a need to prove anything to YOU, I will let YOU know. My track record in front of real people is open to those either in attendance or their friends. Sorry you don't possess either. Nice language.
And since you want to have lunch, come on down to Wall Street & Broadway. that is about 3 blocks from my work location. My previous work situation was a major investment bank IT shop doing Equity Derivatives & Prime Brokerage. But I am sure a major trader like you works right on Wall Street - Goldman is it? Oh wait that's right, you operate the hot dog cart down there, now I remember. Hope you have your NYC health inspection in shape. [/QUOTE]
Sorry to hear you have to work in a cube for a living. YOU can always aspire to have something of your own someday. I'm a professional investor and work from where ever I choose.
Next time, don't tip your head, all the hot sand might run to the other side. [/QUOTE]
I hope you feel better now? Good luck in your "job" and great success to you. [/QUOTE]
As always, you are a continuing stream of claims without proof. It is apparent now based on some of your recent repies to others, that you are more like one of those rare self-important entities who thinks that things cease to exist once they leave the room.
Since evidence, proof and reality all have little effect on you, it is correct that further conversation is futile. Your knowledge of logic needs a lot of work. You say many stupid things and have little grasp of reality, but you are happy in your ignorance. After all, why should you back up your statements and claims when you have convinced yourself it is true?
A professional investor who works from where he chooses? It is quite probable that you are someone who would be lucky to have a real job, so my hot-dog-cart theory remains. Your mentality shouts somebody who is considerably less than a 3 dimensional thinker and casts much doubt on your self-claimed success.
Every challenge to your thinking or claims gets glossed over and redirected, so we can retire from this thread. It is hard to debate with a talking mannequin...
Surf,
Are you saying
1. TA techniques are not testable
2. When tested, TA techniques have no validity.
These are two entirely different issues at various philosophical levels
Back-testing "TA techniques" is trivial.
(1) Promoters don't bother because they will sell you ANYTHING.
(2) Users NEED to have their delusions...
As opposed to actually doing hard work in the real world.
And the sort of people with the skills to debunk TA...
Can debunk TA with simple logic in 30 seconds...
No need to actually crunch the numbers...
Because no one listens anyway...
See #2 above.
TA kiddies grow up.
You cannot take money away from Pro Traders...
Using your wee PC and high school math.
interesting response. we may be getting somewhere with this.
If you are able to quantify and mathematically represent the recurring patterns that result from herd behaviour, and i promise not to call it TA, will you be ok with that?
Am I wrong?