Exactly. Nobody owes you anything. I am a self-taught trader, why the hell would I give out information I sought, the specialized knowledge I gained with anyone? It took me years to learn all that I know. Still learning more. Go and work for it, you lazy slugs who wants everything handed to you. You will still be bums 50 years from now because you are damn lazy.
Prove to me that Technical Analysis Works.
- Thread starter TazTheLaz
- Start date
Exactly. Nobody owes you anything. I am a self-taught trader, why the hell would I give out information I sought, the specialized knowledge I gained with anyone? It took me years to learn all that I know. Still learning more. Go and work for it, you lazy slugs who wants everything handed to you. You will still be bums 50 years from now because you are damn lazy.
There will always be advantages for those at the very top. However, most of the big boys (banks, mutual funds, brokers, hedge funds) learned the hard way, how the stockmarket worked. If not, they would not be anywhere near successful as they are. There are only two camps in the stockmarket. The ignorant fools and loud mouths who tell you how smart they are but, the dumbest chumps without a clue of how the stockmarket really works. Then, there is the real deal smart guys who figured out how the stockmarket works in real life. They do not need to be the arrogant jerks because they want to be low key as much as possible. Do you ever see the best traders out there tell you how smart they are or how they have the stockmarket beat? The smart guys have already succeeded and fools still spewing BS and nonsense.
RSI and MACD "vanilla" not statistically significant in bull markets, but acquire "relative confirmation/support minor" importance in bear markets according to extensive back test
Mmh I guess they use quantitative analysis, based on algos of correlation that incidentally may find out an indicator working on certain conditions in short period of times. Of course this is only the tip of the iceberg of what medaillon fund does according to the really few disclosed info could avidly grasp
Anyone can show a single trade where anything works. A broken clock stumbles into being accurate twice a day.
Warren Buffet is a bad example, since, like Elon Musk, he has the ability to create news (which helps his trades) when he needs it, and the capital and resources to bend the market to an immediate goal. He's a MM, able to manipulate the market to his needs, so with no downside, massive consistent gains.
The fact that there are so many defending both sides indicates "TA works" is not a truth, especially since so many using it fail. That indicates that it's the trade decision, not the TA, that creates the gain or loss. It's still down to hitting the button or not, always a trader's judgement call.
Whatever you can use to calm yourself down to be able to make a good decision is good for you. If TA makes you relax, like a Teddy Bear, or if your "gut instinct" is your security blanket, however you get to a calm place that gets you to make consistent good decisions is what you should do.
TA can be automated, yet few automated systems create consistent gains without inside intel, which allows automated systems to be set to a reaction to an upcoming known event (news).
Again, all about inside intel.
Happy trades!
Warren Buffet is a bad example, since, like Elon Musk, he has the ability to create news (which helps his trades) when he needs it, and the capital and resources to bend the market to an immediate goal. He's a MM, able to manipulate the market to his needs, so with no downside, massive consistent gains.
The fact that there are so many defending both sides indicates "TA works" is not a truth, especially since so many using it fail. That indicates that it's the trade decision, not the TA, that creates the gain or loss. It's still down to hitting the button or not, always a trader's judgement call.
Whatever you can use to calm yourself down to be able to make a good decision is good for you. If TA makes you relax, like a Teddy Bear, or if your "gut instinct" is your security blanket, however you get to a calm place that gets you to make consistent good decisions is what you should do.
TA can be automated, yet few automated systems create consistent gains without inside intel, which allows automated systems to be set to a reaction to an upcoming known event (news).
Again, all about inside intel.
Happy trades!
Bingo. But it "feels good" to talk TA, because it creates a defense, a sense of security, for one's actions. The trading game is simply one human trying to take the money of another, by any means. Anytime they can sell the idea that you can put "logic" into the equation, you've just surrendered the keys to your account.
They will paint the exact same scenario three times, and do three different things after. You score on one, lose on two, you've been played. Technicals, financials, filings, news - - - all manipulated 100% of the time. Play it that way, follow human intention (which is emotion based, not logic based) and you can play whatever game they're throwing at you that day, knowing they're always going to change it, without a pattern, other than patterns within their accumulation and release of profit cycles, which are harder to disguise, but so few look, it's remained safe for 100 years.
They will paint the exact same scenario three times, and do three different things after. You score on one, lose on two, you've been played. Technicals, financials, filings, news - - - all manipulated 100% of the time. Play it that way, follow human intention (which is emotion based, not logic based) and you can play whatever game they're throwing at you that day, knowing they're always going to change it, without a pattern, other than patterns within their accumulation and release of profit cycles, which are harder to disguise, but so few look, it's remained safe for 100 years.
I'm not sure about the 20-day breakout in modern bull markets. You'd need to quantify the rules (bull market = SPX > 200 day MA? or above its price level 12 months ago?) and specify the entry and exit signals. A lot of strategies seem profitable and no-brainer until you do the work of testing them. Most end up being quite disappointing. I've noticed people will revive Turtle after something like 2008, the COVID crash or the first few months of this year. Yes, it works pretty well with high volatility and big moves in stocks, oil, gold, etc. However, there are also plenty of "head fakes" where markets appear to be crashing or starting big rallies that fizzle. You'll have to trade during those or find a good filter...and things like ADX don't really work--they just tell you what happened in the past.