Marty Schwartz at Amherst College, Spring 2013

I agree, the markets are basically the same today as in 1995 as far as my TA goes. Sure, stocks trade much differently on a micro-level and I'm sure they are far more difficult to day trade today (for a human, not a comp) than, say, 10 years ago however very liquid mkts like the ES and SPY move the same as per my method.

Some things change while some things remain the same.



Quote from Scataphagos:

No offense... but you (Surf) and others keep vehemently saying that... and I disagree.

From my TA view, very little has changed. Oh sure, we now have constant Fed intervention, electronic markets, and HFT... none of those have altered my methodology at all.

It's clear to me that TA is only partially understood, at best, by nearly all traders.... at least the ones who clamor, "TA doesn't work".
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Quote from MoneyWalks:

Geee man, another thread that goes in the never ending debate of either TA it works or it doesn't.
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Shouldn't even be a debate. Those who claim "TA doesn't work" don't understand how to properly use the tools. Why would anyone pay attention to someone who obviously "doesn't know what he's talking about"?
 
tell me what martin's melesa Ptr. option trade's TA.

he basically said to himself " I want to buy at what price..."

what he belive is the market will go up,it is cheap now.


I am a successful trader. I use common sense to trade. not TA to trade. I read though Martin's pit bull manytimes, I know what he was doing is just common sense: buy low and sell high, Magic-T, just a surgar-coat for outside readers,add some mestery.

METHODS can not change the market. whatever strategies like computer indicator trading, HFT, quants, ... can not change the market! in another way, methods is meaningless. it is not the key. a swimmer changes his style cannot suvive Tsumin wave!
whatever styles he chooses to swim, he cannot change the wave.

if FED will hike rate, no matter in what way you trade, they will hike rate. if they donot, then they do not.
if you bet Fed will hike rate, and FED does. then you win.

if you bet most will book profit, and they do, you win.

there is no secrets in market!

TA is just a stupid swimmer triesto change his style to change wave!






Quote from Scataphagos:

Sounds like you don't understand TA like you should if you've got plans on being successful.

Just as I wouldn't drive my car on the highway without my seat belt, I wouldn't trade the markets without TA.
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Quote from trader198:

".. I am a successful trader. I use common sense to trade. not TA to trade.
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I figure there about a half-dozen ways to "skin the market's cat"... TA is but one.

Just because you don't use/understand it properly, doesn't mean "it doesn't work".
 
Yet this seems to get lost on a dozen or so people here at ET. It's one way or it's no way. They can't admit that there are several ways.

Quote from Scataphagos:

I figure there about a half-dozen ways to "skin the market's cat"... TA is but one.

Just because you don't use/understand it properly, doesn't mean "it doesn't work".
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