Is There A Problem Being A Chartist/PA Trader

[marketsurfer]

You're not as smart or perceptive as you may think. It's pointeless to carry on defending myself, but you're wrong, and not for the first time.

I am willing to accept being wrong. It's completely possible--- I apologize if you are not shilling for or are not yourself---the FX characters you listed. surf

 

[dbphoenix]

What are your results? Mine have been posted here since 2002. Occasionally, over the years, exits were not recorded-- by overall the record is there on entries and exits. Where are your results? surf

As you keep saying. But entries without exits and exits without entries make the whole thing useless.

Do you not have any concept of trade integrity?

 

[dbphoenix]

Study and predict based on your understanding of what is likely to happen. There are multiple ways to do it based on data, is it always correct, NO WAY-- but it can provide an edge. surf

IOW, Guess&Hope. Not the preferred course for someone who wants to actually make a living at this.

 

[marketsurfer]

As you keep saying. But entries without exits and exits without entries make the whole thing useless.

Do you not have any concept of trade integrity?

While that is true. When have i said it? I think u have me confused with someone else, mr. wyckoff.

 

[qxr1011]

But why is there so much hate against TA/Price Action ?

imho the problem is that most, if not all, wannabe traders confuse a method of analysis (be it TA, FA, or QA) with the method of trading

what was not explained in all the books or courses, that analysis on its own does not work...

 

[marketsurfer]

IOW, Guess&Hope. Not the preferred course for someone who wants to actually make a living at this.

Most retail trading is making educated guesses then managing the outcome. If u think otherwise, you are sadly deluded. surf

 

[dbphoenix]

While that is true. When have i said it?

Several times a day, lately.

 

[dbphoenix]

Most retail trading is making educated guesses then managing the outcome. If u think otherwise, you are sadly deluded. surf

That may be the case in your world, but it hasn't been working out very well.

 

[Buy1Sell2]

imho the problem is that most, if not all, wannabe traders confuse a method of analysis (be it TA, FA, or QA) with the method of trading

what was not explained in all the books or courses, that analysis on its own does not work...

Exactly right. --and there is but one correct method of trading.--

1. Keep losses small. (Never risk more than 2% of Total Liquid Net Worth on any one trade/idea.)

2. Let winners run using stops outside the noise.

3. Keep commissions small

4. Don't scale in or scale out.

Most gurus and educators don't cover these most important aspects of trading.

 

[Buy1Sell2]

How does one go about predicting outcomes of important reports besides the obvious insider trading.

MACD coupled with price action.