Looking for a few good men/women

[PPC]

Most of you move on to other things because you can't chart to save your lives.
If you can't see that price moves in repeatable patterns then you aren't looking hard enough, like Tudor, Rentec, and BNF to name a few.

Most of us moved away from Elliot Wave on to other things because we don’t have brokers that let us adjust our account balances (after the fact) based on alternative wave counts (which always workout in hindsight).

I don’t totally poo-poo Elliott Wave, all of us need to create some kind of a map of the market. How we map / categorise the market is a matter of personal choice.

However, unlike you, most of us don’t suffer from hubris and we do understand that the map does not represent the territory.

Most successful traders understand that successful trading has nothing to do with charting, but rather with developing and executing low-risk ideas, money management, etc. In addition, most successful traders are humble.

In your case, your hubris, and seeming need for significance and constant approval seeking are on the opposite end of characteristics of successful traders.

 

[maxinger]

Most of us moved away from Elliot Wave on to other things because we don’t have brokers that let us adjust our account balances (after the fact) based on alternative wave counts (which always workout in hindsight).

I don’t totally poo-poo Elliott Wave, all of us need to create some kind of a map of the market. How we map / categorise the market is a matter of personal choice.

However, unlike you, most of us don’t suffer from hubris and we do understand that the map does not represent the territory.

Most successful traders understand that successful trading has nothing to do with charting, but rather with developing and executing low-risk ideas, money management, etc. In addition, most successful traders are humble.

In your case, your hubris, and seeming need for significance and constant approval seeking are on the opposite end of characteristics of successful traders.

OP has already made up his mind.
He is here to PREACH, not learn.

But he might change his way of thinking a few decades later (or never).

 

[semperfrosty]

Mate!!! FFS! Stop misquoting me, I never said any of what you claim except the first quote, are you retarded by chance.

Hahaha.I had to go back and see what was going on.Was thinking,that doesnt sound like MIck! haha

 

[themickey]

I don’t totally poo-poo Elliott Wave, all of us need to create some kind of a map of the market.

I don’t totally poo-poo Elliott Wave, all of us need to create some kind of voodoo, some use dry bones stirred into a pot of broth or bat feathers.

 

[countryBoy641]

May 14th? Last time I checked, we're still in April.
... All charts should show prices at the Y-axis and the dates (or time if intraday) at the X-axis. Since there's no date in the above chart, I have no friggin' idea what you're talking about.

Plus, you always talk about what happened IN THE PAST. Stop!!!! We already know what happened. Tell us what will happen in the future! (I guess you kinda did with MARA, but you didn't make that post here on ET. So it doesn't count. )

Point and Figure charts don't have time on the X axis either.
Which leads me to believe the OP thinks he is on to a new method of TA.
But his method is obviously shrouded in mystery.
If there was anything succinct to it, e.g. an "aberration of human nature",
the OP would explain it.
That's the source of the invective: explain nothing, keep the mystery alive.
Probably some kind of "hustle" here, at its core.
Get free labor to build his MB.
I don't need any of it.

 

[Drawdown Addict]

The initial question, I am afraid, is divisive.

Technical Analysis is to men to what Astrology is to women.

And I know your woke side is going to try to attack me furiously, but historically women like to predict their future by looking at planetarian orbital patterns and zodiac symbols.

The very same way men look at fancy shapes on a chart, with the only pretext to explain the past, fulfilling a self-proclaimed prophecy. There are countless books on Technical Analysis just because it is like Astrology. You can say whatever the hell you want to say about a chart, and nobody can challenge you. There will be always a pattern with the right time frame that you can post on your book to prove to yourself that your theory is as made up as any religion.

Fractals are the very foundation of any Technical Analysis, if you are wrong, just zoom in or out and you will find a chart that matches your stupid theory. Especially if you add colors to it.

And brokers love it, because it tells traders when to trade, so they are predictable.
Have you ever heard of that infamous sentence that 90% of traders lose at trading?
Well, TA is the main reason for that.

 

[deaddog]

And brokers love it, because it tells traders when to trade, so they are predictable.
Have you ever heard of that infamous sentence that 90% of traders lose at trading?
Well, TA is the main reason for that.

I'd argue that the main reason is human nature and lack of money management and risk control.
Basically we hold on to losers too long and take profits to early. Got nothing to do with any kind of analysis, technical or fundamental. We like profit and are afraid to give it back and we do whatever we can to avoid pain. Noboby lies to themselves more than a trader who's underwater.

 

[themickey]

If you view the above video, it may give you some ideas.
I've found on ET, when I make a call or run a journal of trades, they frequently go belly up.
(Jinxed).

I've been experimenting at home, because I'm a full time swing trader, to not look at my positions once the market gets going, ie, I'll check everything on open and on close, but inbetween I go do other stuff but not directly look at my positions.

Could be a coincidence but each day seems a lot better than when I used to be looking at the shit all through market hours.

 

[Drawdown Addict]

I'd argue that the main reason is human nature and lack of money management and risk control.
Basically we hold on to losers too long and take profits to early. Got nothing to do with any kind of analysis, technical or fundamental. We like profit and are afraid to give it back and we do whatever we can to avoid pain. Noboby lies to themselves more than a trader who's underwater.

Agreed, that intensifies and confirms the problem. TA is just the beginning.
A lack of risk management knowledge is the nail in the coffin.

 

[Wide Tailz]

Risk management is The Answer.

"Protect yourself at all times. Follow my instructions. We're gonna keep it clean"

Any questions from the retail corner?

Any questions from the pension fund corner?

"Let's do this......"