Now read my real time call (on page 23)and look at eur/usd daily chart.
Does my call prove TA works?
Last edited:
Prove to me that Technical Analysis Works.
- Thread starter TazTheLaz
- Start date
Now read my real time call (on page 23)and look at eur/usd daily chart.
Does my call prove TA works?
Look at my real time call on spx on page 23.
If you want proof, I can make such calls as long you like.
I can make a thousand real time calls of such quality.
Real time calls that right pick when and where is a market trend.
But you need to pay a little money.
Last edited:
Look at my post on page 13.
These were my entries and exits and I can make such real time calls as long as you like. It is easy to verify because all my calls are posted in advance, my entries and exits are posted when market does not reach those levels.
I do not claim a couple of correct calls prove anything but if you want I can post a thousand calls until you say it does prove something.
Last edited:
You're only proving you can make real-time calls "in advance" but it does not prove your TA has merits or that it works.
One of the few ways to prove your TA does in fact works for you is to outline your TA (the details) and then someone else backtest, simulator trade, or real money trade your TA and determine there are merits to it...they can do that without needing to duplicate your trading results.
This scenario is not likely because some people that start threads like this have a hidden agenda to steal your trade method because they're looking for a profitable trade method while remaining anonymous.
Another solution is to start your own trade journal here at the forum in the trade journal section and then verify in your trade journal that your TA is applicable in real trading conditions...beyond the backtest and simulator trading.
In fact, there are 3rd party professional trade journal software that is able to log into your trading account and perform quantitative statistical analysis of your trade performance but it still only proves that your TA works for you for that time span. This is a useful solution for those that do not want a public trade journal for any idiot to show up to derail their public trade journal.
I say this because a few days, weeks or a few months of TA is meaningless considering we all know that the current market condition may be suitable for your TA but your TA may not be suitable in another different type of market condition for many months or years from now.
- Seriously, how many people have shown up in just this thread alone to post a few charts of some type of a TA to say it works or drew a line "in advance" to imply if price break above (you buy) or if prices break below (you sell)...it does not prove that TA works.
Further, there will be those that will think real-time calls in advance are not enough and they want you to verify those trades that you are in fact trading your advance calls...verify them either with broker statements, broker trade execution platform trade fills, audit trails or live-streaming.
The latter above opens up another can of worms and most traders will just say why should you bother doing all that extra work to post verification you're trading your TA to a bunch of anonymous naysayers.
Let us say you do all the above in your trade journal here @ Elitetrader.com...
I've seen a few do it to only have some anonymous idiot show up to say it's all faked. Most likely it's by someone that doesn't give a damn about your TA or it's by someone not suitable for trading in the first place as in it's someone that wouldn't be able to apply your TA while others could apply it.
- That then only proves that there's much more or equally important variable to profitable trading than just technical analysis...the trader is the critical variable...not the TA because TA is just a tool.
Yet, sadly, it will only prove that your TA works today but there's no guarantee that it will work next year or even work on a different market by a different trader.
Now go post thousands of calls in advance (as you suggested you could do) in your trade journal and send the OP of this thread a link to your new trade journal...watch what the anonymous forum member tells you a few months or years from now after you've posted thousands of advance real-time calls.
Most likely they will disappear and you'll never hear from him/her again until the next naysayer shows up and wants you t post thousands of more real-time calls in advance.
wrbtrader
Last edited:
You're only proving you can make real-time calls "in advance" but it does not prove your TA has merits or that it works.
One of the few ways to prove your TA does in fact works for you is to outline your TA (the details) and then someone else backtest, simulator trade, or real money trade your TA and determine there are merits to it...they can do that without needing to duplicate your trading results.
This scenario is not likely because some people that start threads like this have a hidden agenda to steal your trade method because they're looking for a profitable trade method while remaining anonymous.
Another solution is to start your own trade journal here at the forum in the trade journal section and then verify in your trade journal that your TA is applicable in real trading conditions...beyond the backtest and simulator trading.
In fact, there are 3rd party professional trade journal software that is able to log into your trading account and perform quantitative statistical analysis of your trade performance but it still only proves that your TA works for you for that time span. This is a useful solution for those that do not want a public trade journal for any idiot to show up to derail their public trade journal.
I say this because a few days, weeks or a few months of TA is meaningless considering we all know that the current market condition may be suitable for your TA but your TA may not be suitable in another different type of market condition for many months or years from now.
It's very common for real-time trades (even those in advance) to only work for you and not work for others because they don't have the same cognitive decision-making skills as you do to apply that TA, they don't have the same experience level as you do and they don't have the same trading environment at home/work as you do.
- Seriously, how many people have shown up in just this thread alone to post a few charts of some type of a TA to say it works or drew a line "in advance" to imply if price break above (you buy) or if prices break below (you sell)...it does not prove that TA works.
Further, there will be those that will think real-time calls in advance are not enough and they want you to verify those trades that you are in fact trading your advance calls...verify them either with broker statements, broker trade execution platform trade fills, audit trails or live-streaming.
The latter above opens up another can of worms and most traders will just say why should you bother doing all that extra work to post verification you're trading your TA to a bunch of anonymous naysayers.
Let us say you do all the above in your trade journal here @ Elitetrader.com...
I've seen a few do it to only have some anonymous idiot show up to say it's all faked. Most likely it's by someone that doesn't give a damn about your TA or it's by someone not suitable for trading in the first place as in it's someone that wouldn't be able to apply your TA while others could apply it.
My point, if you got lost in the above long winded message...you're the key variable...not your TA and maybe one day you'll meet just a few out of many that can apply your TA. That should be enough satisfaction and you can then tell all other naysayers to fuck off.
- That then only proves that there's much more or equally important variable to profitable trading than just technical analysis...the trader is the critical variable...not the TA because TA is just a tool.
Yet, sadly, it will only prove that your TA works today but there's no guarantee that it will work next year or even work on a different market by a different trader.
Now go post thousands of calls in advance (as you suggested you could do) in your trade journal and send the OP of this thread a link to your new trade journal...watch what the anonymous forum member tells you a few months or years from now after you've posted thousands of advance real-time calls.
Most likely they will disappear and you'll never hear from him/her again until the next naysayer shows up and wants you t post thousands of more real-time calls in advance.
wrbtrader
1.I said "I do not claim a couple of correct calls prove anything".
2. If It works for me then it works for TA. Because I use TA, and because no FA can predict such a price movement.
3.There is no incentive for me to make a thousand real times calls.
Someone needs to pay a little money for me to do it.
By the way, it is a 100-1000 times annual profit holy grail.
My system is not 100% correct. Win rate are +80% and win to loss ratio is +3:1.
Last edited:
I had replied by saying you can post real-time calls in advance for a few days, months, or even years but it will only prove that it works for you...impossible to prove it will work for someone else unless that someone else does the same verification as you did...
- Considering that's exactly what the OP of this thread is implying that someone needs to prove to him or her that it works beyond the trader using the TA.
In addition, it's not an issue nor do I hope a trader is not trying to prove that FA is better than TA or that TA is better than FA because I don't think there are any proper comparable quantitative statistics about which is better...other than the idiots comparing how many millionaires or billionaires are on one side or the other.
Personally, I own investments (long term) but I do in fact trade too as a short-term trader.
Yet, fundamental analysis is the easier of the two as in less work. Heck, I still own the investments in the U.S. stock markets and France stock markets that I inherited when my grandparents were terminally ill in the late 80's.
I will say this, the few successful traders out there that are retail or professional...more so for the latter, because their employer has stock options, funds that the employees invest monthly a portion of their paycheck into...they're investing too for their retirement because they understand the risk of ruin is much less when just only trading or just only investing.
wrbtrader
All you need to know I have posted.
No need to repeat again and again.
You post again an again because you didn't understand my post well.
You don't even understand TA.
TA is analysis based on price movement.
Not something need to be repeated by everyone.
For example, this morning I found EUR/USD is strong and GBP/USD is weak, so I took a position to long EUR/GBP.
It was based on TA but if someone can not found this or could not dare to take a position, it is his fault, not TA's fault.
No need to repeat again and again.
You post again an again because you didn't understand my post well.
You don't even understand TA.
TA is analysis based on price movement.
Not something need to be repeated by everyone.
For example, this morning I found EUR/USD is strong and GBP/USD is weak, so I took a position to long EUR/GBP.
It was based on TA but if someone can not found this or could not dare to take a position, it is his fault, not TA's fault.
Last edited:
You did not understand my post in reference to what the thread starter of this thread wants someone to prove to him to remove whatever doubts that he/she has about Technical Analysis.
Instead, you're mistakenly implying this thread starter wants to see advance real-time calls. He's a naysayer and that's not what he wants to see which is why I will state it proves nothing to the thread starter or to other naysayers like that.
wrbtrader
Last edited:
I will call you an insane and I don't want to talk to you and will not reply to you.
If you want to resort to name-calling...it will only speak about your maturity level.
Yet, there's an appropriate thread for you @ https://www.elitetrader.com/et/forums/journals.29/
Prove whatever you want to prove and I'm confident the thread starter is aware of that forum section called "Journals" even though it's been mentioned a few times but the thread starter doesn't acknowledge it...that's my point and has nothing to do with you.
That thread starter is looking for something else as proof that you seem to not be willing to acknowledge.
wrbtrader