Prove to me that Technical Analysis Works.

tomkat22 said:
I was using Kullamagi as an example to give hope to new traders,dont give up,it can be done. Granted he's an extreme example. And I wouldn't call 11 years "no time", he paid his dues.Blew up 3 accounts before he finally got it right. Myself I only been trading 4/5 years cumulatively,only mildly profitable. How long you been trading? Profitable? You talk like you've made the stock market your bitch.
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Took me 10 years to reach consistent profitability. First daytrading forex and later switched to futures ES.

The first ten years I was surprised that it was so difficult. The next ten years I was surprised that such a returns were possible. So I went from close to horrible to returns I could never dream of.
 
sidbunch said:
I'm probably the worst trader on elitetrader or even the whole internet!
By 'worst' i don't necessarily mean that i'll get it wrong every single time and lose money on 100% of my trades, but I mean that i've been straring at charts for 12 hours per day and trying to find an edge and tested stuff and live traded and demo traded for about 11 years now. (also bought courses etc of course)

11 years. Full time. 12 hours days. Trying to learn to trade and still not yet profitable

I'd began to assume TA was most definitely just nonsense (i began thinking that about 5 years in) although in recent years i did find some people who can prove without doubt that they make very good money and they apparently do actually rely on TA to do so
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tomkat22 said:
Please delete this post,it's gonna depress and discourage new traders.LOL. 11 years,12 hours a day,full time? In approximately the same amount of time(11 years) Kristjan Kullamagi took a 10k account to 100mm plus. Mostly breakout trades and parabolic shorting. He seems to use a 50/50 mix of TA and FA.
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Ahhh.....look! @virtusa has given a glimmer of hope! :)

virtusa said:
Took me 10 years to reach consistent profitability. First daytrading forex and later switched to futures ES.

The first ten years I was surprised that it was so difficult. The next ten years I was surprised that such a returns were possible. So I went from close to horrible to returns I could never dream of.
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Chart is a reflection of the market. It tells you the reactions between the buyers and sellers. You can't just pick open meta trader without starring at the chart first before trading. Technical indicators maybe lagging but Technical analysis will tell you everything on the chart. According to babypips and I quote "The trend is your friend"
 
It's where it opennnnnnns that matters. Today crude oil gapped up on open (ok last night) traded high and ..... stopped right on resistance from prior open of March 9th wide range red down bar. Open not close.

Just like fibs it matters where lines are drawn from. Academics don't factor that, as well as other factors, into their useless studies of TA.
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TazTheLaz said:
This is clearly a cope. 99% of financial statements are not fake, so we can dismiss this claim.
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Many companies fudge their numbers to some degree. Enron was a WS darling with the majority of analysts rating as a buy, even 6 months after this:

 
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Hello Everyone,

Here is about 3 weeks of proof. I do not have a choice but to trade TA and stare at the price and guess, hope and gamble. It is kind of stupid to not trade price action, TA, or whatever you want to call it.

https://screencast-o-matic.com/watch/c3hU2KVr9LV

I seriously just want to get fucking paid.

Damn Megan Thee Stallion fine as fuck

 
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