Quote: "Trading is a teachable science, not an innate talent."

Quote from Scataphagos:

Whenever you think you understand (about anything), only to find out later that you didn't... always causes pain, doesn't it?

Most players, especially noobs, think "TA = indicators". "Buy oversold, sell overbought, fade the double bottom/top". They like to think (hope?) it's that simple.

It isn't... while the above is partially correct, there is more to it.
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You are pointing a lot of truth.
Let's not forget that most indies have variables and many just use the default value... value that often changes depending on the charting broker or charting sofware ... and there are tons of indies to chose from as well, one wonders how comes.
Now I am starting to understand why some people are convinced TA is used as part of a worldwide scam.lol.
 
Quote from smallStops:

"... Now I am starting to understand why some people are convinced TA is used as part of a worldwide scam.lol.
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You're "way out there" and wrong about anything scammy in TA.

Let me say again... PROPER UNDERSTANDING AND USE OF TA IS LIKE FINDING MONEY IN THE STREET!

:D
 
Quote from Scataphagos:

You're "way out there" and wrong about anything scammy in TA.

Let me say again... PROPER UNDERSTANDING AND USE OF TA IS LIKE FINDING MONEY IN THE STREET!

:D
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That's absolutely wrong. While TA can help a skilled trader gain contexutual understanding, its far from the cure all you claim.

If you are correct, why CAN"t TA be programed into a money making machine? It's really not a difficult topic.

surf
 
Quote from cornix:

Personally for me TA = price (and volume to certain degree). And I like to buy high and sell low. So far so good. :)

Can't say if I'm noob though. 8 years in this mess. :D
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I'm not sure what volume says when it comes to individual issues. However, I've come to believe that volume considerations for the market in general have ZERO value. (Years ago I had custom volume oscillators which correlated well with market behavior... but then mysteriously went wacko. Since, traditional heresy or not, I totally disregard volume!)
 
Quote from Scataphagos:

You're "way out there" and wrong about anything scammy in TA.

Let me say again... PROPER UNDERSTANDING AND USE OF TA IS LIKE FINDING MONEY IN THE STREET!

:D
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I am just pointing out why some people can believe TA is part of a scam.
I have not said I do not use part of it. :) , as I daytrade.
 
Quote from smallStops:

I am just pointing out why some people can believe TA is part of a scam.
I have not said I do not use part of it. :)
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Scam what? How is any TA devote being scammed?
 
Quote from Scataphagos:

Scam what? How is any TA devote being scammed?
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people always point out that TA books are so many, TA teachers are so many, TA websites are so many... so when results do not come, what do you think people will infere ? that TA was created as part of a scam.

Now, for myself, I value TA as a very useful tool. But then others have different opinion. Now, I am a super-active trader so I like scalping, but do not mind holding positions as well.
 
Quote from smallStops:

people always point out that TA books are so many, TA teachers are so many, TA websites are so many...
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You do understand, don't you.. that you're only saying "liars prevaricate"...
 
Quote from smallStops:

I am just pointing out why some people can believe TA is part of a scam.
I have not said I do not use part of it. :) , as I daytrade.
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I also day trade... TA the majority of it.
 
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