New study says: Technical Analysis is garbage

Quote from PetaDollar:

Kudos to makloda for the succinct and authoritative dismissal of this "research" only 16 minutes after it was posted!
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indeed

one of the guardians of irrelevant matters and ridiculous claims, always online to censor any dissident on ET and assure her majesty, the queen of EMA cross stays immaculate from any vicious attacks.
 
Quote from bwolinsky:

If technical analysis doesn't work, prove why I have 4 top 10 most profitable limit order scripts, and 2 top 10 wl score market order scripts that are over two years old, some 6 now. Top it all off with a c2 vendor rating at 965/1000, in the top 3.5% of all traders. Start from winning strategies, because the only way to do it is to spend the time proving it does work. These morons haven't spent the time in the real platforms perfecting trading systems. I don't consider what I do technical analysis, though. It is a lot of applied mathematics, and so much more than moving averages. Averages, standard deviations, normalized values, if it doesn't have that, it's not going to work. Calculating fair values based on volatility is how it's suppose to work.
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Is this why you are on elite, bragging to whomever will listen about your "secrets"?

On C2 instead of being a billionaire with the holy grail. are you a sad little person or a out and out deceiver?
 
strange...I cannot access to the paper:

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Quote from Bernard111:

SSRN Application Firewall Alert

:confused: :eek:
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I had a similar download error in Firefox. I used IE and that let me download the PDF just fine.

Maybe that helps.
 
Somebody better tell Don Bright that TA doesn't work, he needs to tell all those traders doing opening range breakouts quick before they blow up :eek:
 
Quote from Xspurt:

These guys are at university. That means they are smart. If they say TA doesn't work and it's garbage then that must be the case.

I have no idea what I'm doing wrong as my results differ from theirs.
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lol
 
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