Prove to me that Technical Analysis Works.

[Illini Trader]

Here's a good template for it. Interlinked.

(Sorry, you know I cannot resist)

I watched this video and I have absolutely no clue as to what it was about. Complete nonsense to me.

 

[Overnight]

I watched this video and I have absolutely no clue as to what it was about. Complete nonsense to me.

That means you have passed the Turing test. You are a human being. Since you do not know what that means, don't bother looking it up, you dumb human. (ESPECIALLY since nobody asked for your input on this little sidebar in the thread)

 

[Overnight]

I watched this video and I have absolutely no clue as to what it was about. Complete nonsense to me.

I get the sense you are lost in the references. Tell us about your mother.

 

[Illini Trader]

get the sense you are lost in the references. Tell us about your mother.

I think you have been hanging out too much with Good1 in the other thread we have been treading together. It is like he is from another planet writing volumes of unintelligible nonsense.

 

[murray t turtle]

No doubt the Turtles used basic, mechanical TA system successfully--albeit with large drawdowns. It absolutely worked for them, but that was in an age where online charts, spreadsheets and backtesting software weren't available. There was a real edge ..... (some of them used punch cards) or do tedious, daily calculations and track everything on paper. In this day and age, a simple 20-day breakout system with trailing stops doesn't work nearly as well. And if it did, the edge would fade quickly........
That isn't to say TA can never work any more, but if there are edges, they are much more nuanced and harder to find.

%%
LOL
I thought that was a 21 period;
maybe you are right on 20 period ??
I did some more research on that sy$tem today. His WSJ ad ,which believe it or not/ i had never seen before, follows;
No phone calls will be excepted. Must be recieved by OCT 1984[Strange year 1984; George Orwell thought so also]
Traders will paid a % of thier trading profits + will be allowed a small draw.
Some of that stuff still works, except they did copper + commodities........+ not stocks/ETFs.
Assume Rich told Jack Schwager the truth. Rich was clearly ahead of his time perhaps prophetic. The old WSJ little ad further notes ....successful candidates will not be allowed to trade futures for them selves or others/LOL+ true...[1984] Mr Eckhardt said it was not a bet.

 

[themickey]

I think you have been hanging out too much with Good1 in the other thread we have been treading together. It is like he is from another planet writing volumes of unintelligible nonsense.

You forgot to include murray turtle.
What is it with the posters from church?

 

[Illini Trader]

You forgot to include murray turtle.
What is it with the posters from church?

What about "posters from church"?

Seriously, Good1 writes in a way that indicates he is a genius or totally crazy or a little bit of both. He will write 16 paragraphs and l will read it twice and then say to myself, I have absolutely no idea what he said. It is just a collection of somewhat random words.

 

[tomkat22]

l will read it twice and then say to myself, I have absolutely no idea what he said. It is just a collection of somewhat random words.

Kinda how I felt reading Jack Hershey's post.

 

[volpri]

Here is a helpful chart. Questions to the noobs, what phase are we are in right now as of 5/28/22?

Hints of S. Weinstein and Little House on the Prairie.

 

[Pekelo]

OP has left the thread. I repeat, Elvis has left the building.

That is the problem with these dudes. They made their minds up, and no matter how convincing you are, they would never acknowledge that you are right. He is right now on ET looking at other threads, instead of thanking us for a nice and neat explanation.