TA doesn't work because ...

[oilfxpro]

Quote from Rationalize:

Why TA doesn't work doesn't matter.

The fact that any rational backtest shows TA doesn't work, matters.

I was back testing a trading system with fixed rules , money management and using technical analysis .It made 351 pips or $35,100 on a $100k account , only in one week trading the euro usd.I have been following this strategy for some time and it produces similar results every week.

The profitable hit rate is 54 % , and profits are made from running the winners and cutting losers.By using only 1 lot , it still produces $3500 per week. or 175 % per annum.

 

[Zr1Trader]

"TA doesn't work because...."

"Trading news doesn't work because...."

"trading macro fundamentals doesn't work because...."

"HFT made me lose because..."

" central bankers made me lose because..."

"I blame everything besides myself because...."

 

[kut2k2]

Quote from Zr1Trader:

"TA doesn't work because...."

I started another thread called "TA does work because ..." at the same time but it's gone nowhere. Maybe you'd like to post something there.

 

[R. Raskolnikov]

It's impossible to test all TA, there is an infinite combo of inputs.

Quote from Rationalize:

Why TA doesn't work doesn't matter.

The fact that any rational backtest shows TA doesn't work, matters.

 

[kut2k2]

Quote from R. Raskolnikov:

It's impossible to test all TA, there is an infinite combo of inputs.

Exactly. Some people think all of TA is contained in the books that have been published to date. So naive.