TA education

[rcanfiel]

Quote from learner2007:

>rcanfiel

If you are so convinced that TA doesn't work,
then the obvious thing for you to do is to learn all you
can about TA and then do just the opposite of what
your analysis indicates to do!!
If TA doesn't work, prove it!! Prove us wrong and make
money doing so!!

you cannot be that naive. Do a little study about something called "trading costs" like commission, fees, slippage, data feeds.

Then see how well a person does by doing the opposite of a random strategy minus those costs. Did you ever get past 3rd grade math?

Where do these idiots come from?

 

[Joab]

Quote from indahook:

The definition of technical analysis is the study of price action.

www.mta.org to learn more.

I read some of there stuff and it gave me a he ad ache.

I'm glad I don't have to understand these damn tools to make money with them.

 

[Steve Tvardek]

Combine the right interpretation of price action and a classic TA pattern and you'll have yourself a high probability setup. Take the exact same "appearing" TA setup but the wrong corresponding PA and you'll have a setup of low probability. The problem is that most people either dont know how to read PA or dont want to and only want to trade TA setups. Charts will print the same patterns over and over but its understanding HOW the chart was printed that will lead you to know when a trade is worth making and when its not.

Quote from rcanfiel:


I have already said many times, that pure price action is not considered as part of TA, for any of my TA-related posts in ET.

 

[learner2007]

Quote from rcanfiel:

The bullshit is people who continue to claim that it works.

The true answer is, "if TA works, prove it."

you cannot be that naive. Do a little study about something called "trading costs" like commission, fees, slippage, data feeds.

[/B]

>rcanfiel

Trading costs are not the point here, and are of concern mainly
to daytraders. One or two ticks can cover all costs and barely
dent the profits of short, intermediate and long term traders.

So, as I said,

If you are so convinced that TA doesn't work,
then the obvious thing for you to do is to learn all you
can about TA and then do just the opposite of what
your analysis indicates to do!!

If TA doesn't work, prove it!! Prove us wrong and make
money doing so!!

 

[indahook]

Quote from rcanfiel:

We are well aware of this association.

But again, pure price action has value. TA as used by almost all "traders" sucks.

Great, then since the MTA`s definition of TA is the study of price action we can agree that TA has value.

How do you trade anyhow? I am curious, is it fundies, quant, fusion, information...hunch?

Good trading to you! (no matter what works!)

 

[MoveTimer]

And the response from TA-philes is the same. "Of course it works, don't be stupid."

there is no such thing as 'TA per se'. There are TA based trading systems and strategies. Your request 'prove that TA works' is equal to 'give me profitable TA based strategy for free'. He-he

Nobody will share profitable strategy just to prove something to somebody. Do you understand it? If you are looking for trading ideas - this forum is very good place. The are real TA traders here who make money consistently.

One more question, just logical quiz. Can you prove that TA did not work?

 

[rcanfiel]

Quote from learner2007:

>rcanfiel

Trading costs are not the point here, and are of concern mainly
to daytraders. One or two ticks can cover all costs and barely
dent the profits of short, intermediate and long term traders.

So, as I said,

If you are so convinced that TA doesn't work,
then the obvious thing for you to do is to learn all you
can about TA and then do just the opposite of what
your analysis indicates to do!!

If TA doesn't work, prove it!! Prove us wrong and make
money doing so!!

Don't be thick. Since you didn't understand the post, I will repeat. Read more carefully this time:

you cannot be that naive. Do a little study about something called "trading costs" like commission, fees, slippage, data feeds.

Then see how well a person does by doing the opposite of a random strategy minus those costs. Did you ever get past 3rd grade math?

Where do these idiots come from?

 

[rcanfiel]

Quote from Steve Tvardek:

Combine the right interpretation of price action and a classic TA pattern and you'll have yourself a high probability setup. Take the exact same "appearing" TA setup but the wrong corresponding PA and you'll have a setup of low probability. The problem is that most people either dont know how to read PA or dont want to and only want to trade TA setups. Charts will print the same patterns over and over but its understanding HOW the chart was printed that will lead you to know when a trade is worth making and when its not.

IF PA works and TA does not, then trying to combine them does not add a multiplicative value...

 

[rcanfiel]

Quote from indahook:

Great, then since the MTA`s definition of TA is the study of price action we can agree that TA has value.

No. Many think the addon of TA is worthless to pure price action, regardless of the attempt of many to demand they be kept together.

How do you trade anyhow? I am curious, is it fundies, quant, fusion, information...hunch?

Not via add-on TA indicators or patterns (eg, H&S)

Good trading to you! (no matter what works!)

You too.

 

[rcanfiel]

Quote from MoveTimer:

there is no such thing as 'TA per se'. There are TA based trading systems and strategies. Your request 'prove that TA works' is equal to 'give me profitable TA based strategy for free'. He-he

No. This is based on earlier threads, where the response to numberous studies that TA does not work in the longterm, is for TA-philes to retort with anecdotal stories or opionions, which have no place as statistically valid counter proof.

Nobody will share profitable strategy just to prove something to somebody.

That was never the point. This is an inaccurate, common misassumption. No one ever asked "if you think it works, please forward your logic."

Do you understand it? If you are looking for trading ideas - this forum is very good place. The are real TA traders here who make money consistently.

There are many who claim so, with little evidence. In reality, it is believed that most trader use TA and most traders lose their money. There is likely an interesting correlation here.

One more question, just logical quiz. Can you prove that TA did not work?

This was the subject of earlier threads and this was dialogued to death. A study is posted, and TAphiles do all sorts of opinion dances or insults, without offering effective counter proof