Right NOW is a classic time to understand and trade "Price TA"

themickey said:
Yep, the mass believe in 50 & 200MA's and so they work - to a fashion.
PA may not have lines all over the shop, but you are still the blind being led by the blind.
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So, Mickey, what's your point? Do you know you're sounding like virtusa? Go to bed, man, it's past your bedtime.
 
themickey said:
The blind leading the blind comes back to; TA / PA is a trading method which follows signals.
Where do those signals originate?
They come from a plethora of sources and intent.
Attempting to decypher logic from that, to follow a flawed hodge podge of signals, many who are flawed themselves, well, kind of flawed isn't it?
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If you refuse to do your stats and due dilligence, then just admit it, mick. lol

You bring no new aspects to your argument which is based on tarring the method with the same
brush that you use to paint those who wish and hope they know how well it works in leu of due
dilligence, testing, and stats taking to reveal whether or not it indeed dows work in their hands.

Yours is a flawed argument based on false association of practitioner to method rather than logic.
You know that, right mick?
 
themickey said:
Ya gotta be truthful with yourself, difficult I know.
Why all the complications of multiple indicators, multiple S/R levels, multiple trend lines, when a simple moving average will do the job?

Now knowing you guys well you'll jump to the wrong conclusions about that statement.
Why complicate matters is the point.
Fibs and PA is a load of bs if you think the answer is in reading those tea leaves.
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themickey said:
Institutions are laughing their fucking asses off at you guys with all that shit strewn across your charts.
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themickey said:
The blind leading the blind comes back to; TA / PA is a trading method which follows signals.
Where do those signals originate?
They come from a plethora of sources and intent.
Attempting to decypher logic from that, to follow a flawed hodge podge of signals, many who are flawed themselves, well, kind of flawed isn't it?
More...

Mickey,

What's up? Too much whiskey last night? :)

Your posts really reek of small dick energy and insecurity. What you're really saying is that you have a superior method that's not based on PA/TA, but just like the OP saying that is about as useless as the original post without a demonstration or a broker statement showing your superior returns. You need to do better than an after-the-fact curve fitted simple MA system. Try it on the US indices and you'll get chopped to pieces and end up a net loser in no time. I'm sure on most stocks as well.

Personally, I don't rely on so called price action or classical TA for my based method, but I most certainly use TA as I use price history/levels for forecasting. However, I don't go around bashing other methods, especially since I have ZERO idea what anyone else have been able to make out of it. For all I know there are probably people out there who make a ton of money using simple price action. Actually, come to think of it I know a few.

That is, it's probably only simple to them because they have vast experience and knowledge using it along with excellent risk management.

Just because you weren't able to make something work for you or didn't study it enough doesn't mean it can't be valuable for someone else. If the market is patterned it would be odd if those patterns can't be recognized on a chart as well.

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themickey said:
Nah, I'm bored shitless, too many non trading days this month, driving me nuts.
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No hobbies outside trading?

When I get back to full-time trading again I won't rule out trading cryptocurrencies for the weekend opportunity. But all in all I feel 2 days off each week is good for your sanity and general well being. :)
 
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