TA can't predict that a large order will be placed now and not in 15 min, 1 hour, etc

[ProfLogic]

Quote from crgarcia:

TA indeed IS worthless.
TA can't predict large orders, placed at random times.

TA is only promoted by commission hungry brokers, so you overtrade.

Each time you post, you prove my original statement.

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Quote from ProfLogic:

The reason most people "THINK" Technical Analysis is worthless is they have no clue what modern Technical Analysis is or how to use it.
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The value of Technical Analysis isn't in its ability to predict large orders, placed at random times but to successfully read the smooth flow of the price action on any chart it is applied too from that charts natural cyclic oscillations.

That sounds easy but its more work than most, including you, are willing to put into learning to use it consistently.

Everyone calls you stupid . . . you aren't stupid just lazy.

 

[crgarcia]

Quote from Josef K:

Really? So, given two daytraders who use TA as their primary tool, one with a successful ten-year track record, and one who has lost money each year for ten years straight, who would you rather have manage your money? If you really believe that there is no skill in daytrading, then your reply should be that it doesn't matter, and you should be just as willing to let the losing trader manage your money as you would be to let the successful trader manage it.

So, what would you really do if presented with this choice?

There never was and never will be a profitable daytrader!

If you are one, just post REAL TIME TRADES.

 

[ProfLogic]

Quote from crgarcia:

There never was and never will be a profitable daytrader!

If you are one, just post REAL TIME TRADES.

Just like this is a true statement, right?


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Quote from crgarcia:

I am the financial link between institutional investors and gov't contractors in a latin america country.
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liar.

 

[JeffUSA]

Quote from jprad:

Predict? Anticipate?

Where in hell did you ever get the idea that T/A predicts or anticipates market action?

+1

 

[res judicata]

Quote from bone:

If good technical analysis and statistical quant skills are useless, then I have no way to logically explain my good fortune in many different market spaces over an extended period of time.

game set and match.

 

[crgarcia]

Quote from Josef K:

Really? So, given two daytraders who use TA as their primary tool, one with a successful ten-year track record, and one who has lost money each year for ten years straight, who would you rather have manage your money? If you really believe that there is no skill in daytrading, then your reply should be that it doesn't matter, and you should be just as willing to let the losing trader manage your money as you would be to let the successful trader manage it.

So, what would you really do if presented with this choice?

Fooled by randomness at its best.

I would allow none of them touch a dime of mine.
What if the succesful ten year track record is only because his trading preferences (i.e. long, short, range) were coincidentally what happened at the time?

More important what if his method no longer works?

Even more, what if he opens 3 accounts: in one he goes long, short in other and range in the third, so he only shows you the winning account for his track record?
Comeon I know all the dirty tricks of Wall Street...

 

[Speciaul_K]

Quote from crgarcia:

Fooled by randomness at its best.

I would allow none of them touch a dime of mine.
What if the succesful ten year track record is only because his trading preferences (i.e. long, short, range) were coincidentally what happened at the time?

More important what if his method no longer works?

Even more, what if he opens 3 accounts: in one he goes long, short in other and range in the third, so he only shows you the winning account for his track record?
Comeon I know all the dirty tricks of Wall Street...

You have to be the dumbest bastard child in the world. Please explain to me why the blue trendline in the attached picture does not work? It was the resistance in the oil market for 7weeks straight. It was voided once a weekly bar closed above it. Im sure this will be entertaining.