Prove to me that Technical Analysis Works.

wmwmw said:
From 7/15/2022 till now I made 300 points on ES . I allocate $15000/ contract.It is 100% profit in two weeks.
My system can catch the start and end of every short term trend.
You do the math.
The point is, I know when I need to enter and when I need to exit. So I can simply hold my position to enjoy the entire trend.
I am still long and if spx 4075 doesn't break, I won't exit.
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Good Morning wmwmw,

Stop talking and Show Me The Money man.

 
The reality is most TA, in isolation, is useless. And that's why you get people claiming that TA is garbage. I view TA as just a set of tools. The right tools, at the right time, in the right combinations, may give someone an edge on how to "read the tape" but very few people get to a level where they can apply it in a meaningful way.
 
formikatrading said:
The reality is most TA, in isolation, is useless.

very few people get to a level where they can apply it in a meaningful way.
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99.4% of people fail in trading because they solely rely on some relatively bogus tool indicator method they learned from some book or course salesman. To put it directly, they've been conned.

The very best traders have this intuitive touch....all in the learning process and observation process and execution process.
While all the zombie sheep traders out there needs someone to hold their hand, and print money for them.
 
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Overnight said:
So you are saying that TA does not work without intuition?
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I'm saying trading is much more complicated and dynamic than what many so-called teachers are letting on just to quickly sell material to enrich themselves in the short term at the expense of quality and success in the longer term.
 
MacBookProHo said:
I'm saying trading is much more complicated and dynamic than what many so-called teachers are letting on just to quickly sell material to enrich themselves in the short term at the expense of quality and success in the longer term.
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So I THINK what you are saying is you kinda' agree with me. True teaching can only happen when the teacher imparts a bit of TA, with a larger bit of intuitive movement based on FA, and experience from the past.

You have to combine all those bits to be a good teacher. Yes?
 
Overnight said:
True teaching can only happen when the teacher imparts a bit of TA, with a larger bit of intuitive movement based on FA, and experience from the past.

You have to combine all those bits to be a good teacher. Yes?
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How did Hurricane Katrina happen?
How did 9/11 happen?
How did Coronavirus happen?
How did George Floyd happen?
How did the Dot com bubble happen?
How did the Housing crisis market bubble happen?
How did Ken Calhoun happen?

It's a complicated, dynamic, storm stew of variables and elements that are not necessarily easily, instantly, repeatable. And that's similarly the way the market, the S&P, can trade every day,
If someone, a trader observer, can trade options on that stuff every day....they can get rich,
 
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