TA - Objective or Psychological Skill?

Quote from sheda:

People can fall under the spell of big talkers and big achievers, the failure outcome will be the same in both cases, if there is no end to reach or one does not have the skill level to reach an existing end.

What ever happens keep in mind you are talking about a developed adult who can make thier own informed choices, worrying that they are being influenced by the words of others is a little silly...

On a side note long term I suspect he will do just fine.


Are you and XSPURT the same person?

surf
 
Quote from Ol' Yella:

Perhaps the reason why Cornix is dreaming is that he is being fed lies by his TA comrades--- it's quite possible that he believes the claims of TA expert and other brigade members are attainable.

If he can make good on his promise of 20-40% returns then he shouldn't have any money worries in his future. I think there is a danger for him however, if he lets himself fall too far under the spell of the big talkers and hindsight jockeys.

It's also quite possible he has a profitable method that uses TA as a component of his trading plan. In addition, he seems like the type that doesn't listen to a TA expert trying to tell him how to use TA a different way.

You know the types of TA experts, they go into the threads of others and try to convince folks there's only one way to use TA profitably and its their way or they challenge other TA users. :D

My point, cornix seems independent (not cult-able). He seem to have found his own way with whatever type of TA he's using when most have failed at it or complain they couldn't get it to work.
 
Quote from marketsurfer:

Are you and XSPURT the same person?

surf

In the most respectable way possible on these boards ~ fuck you ~

I dont think I am the only one who is sick to death of you screaming Vendor and/or accusing people of being frauds when it suits your needs.

Lets not forget you are a person who radically changes his calls day by day week by week, throws the majority of his liquid net at one deal and claims its a "sure thing" yet provides no evidence he has even entered the trades in question and IS a person who IS in the business of talking others into handing over their funds so he can direct it into investments managed by other people.

I have shown no signs of being a vendor or anyone but the user name I post under, you on the other hand have so many holes in that if you were the titanic, you would not have stopped at the sea floor, you would have carried on to the center of the earth.

Do not ask me stupid questions with no basis again.
 
Quote from sheda:



I dont think I am the only one who is sick to death of you screaming Vendor and/or accusing people of being frauds when it suits your needs.


+1, it's getting very old
 
Quote from marketsurfer:

LMFAO! You have Cornix beat for fanciful dreaming. Sure, this can be done, but it is no way "fairly standard", for a manual TA trader.

surf:D :D :eek:

No dreaming here, only objective and logical goals and assumptions.

BTW, indices closed very bullish, yesterday's top of 15205 was exceeded by 1 tick today already triggering short-term swing TA long with stop-loss under the day's low of 14873. Confirmed Dow theory short-term reversal (within an intermediate/long-term bull) will happen if we break the swing high of 15293.

Just a bit of objective TA here to comment a possible outcome. I don't trade it live, just demonstrate what TA says here for me.
 
Quote from Ol' Yella:

Perhaps the reason why Cornix is dreaming is that he is being fed lies by his TA comrades--- it's quite possible that he believes the claims of TA expert and other brigade members are attainable.

If he can make good on his promise of 20-40% returns then he shouldn't have any money worries in his future. I think there is a danger for him however, if he lets himself fall too far under the spell of the big talkers and hindsight jockeys.

You all know where my calls for just one type of signal are located... so I suggest everyone not dream at all, including dreams that successful TA trading is impossible and just wait and see the reality. :)
 
Quote from Ol' Yella:

Going by the account shown on Surf's journal he was on pace for 40% in a year. I hope he can make it happen!

Frankly a bit more, cause my recommended capital allocation per contract traded is lower than $3K (I posted those figures today in the journal).

As for how much or how low it goes, I'll refrain from forecasts, cause I fully admit I don't know future, unlike prophets who are 100% certain where the market and their trades go. :p
 
Quote from wrbtrader:

It's also quite possible he has a profitable method that uses TA as a component of his trading plan. In addition, he seems like the type that doesn't listen to a TA expert trying to tell him how to use TA a different way.

You know the types of TA experts, they go into the threads of others and try to convince folks there's only one way to use TA profitably and its their way or they challenge other TA users. :D

My point, cornix seems independent (not cult-able). He seem to have found his own way with whatever type of TA he's using when most have failed at it or complain they couldn't get it to work.

I never denied that Xspurt (former ET alias of him is yoohoo) is my good friend and gave me a few valuable TA advices in the past. So are a few other ET members (Bighog for example influenced my trading tremendously and I will forever be grateful to him for that). By the way, one of those ET members who inspired me was you, Wrbtrader and your old "Trading Hammers..." thread I was reading back in 2005/6 when was just searching for my way.

I am even grateful to Jack Hershey for some concepts, yes I am serious perfectly knowing saying this on ET is similar to a blasphemy. :D

But equally true is my method indeed is a result of my own research and everybody who knows me, including Xspurt knows that I trade my own way, yes.

It's pretty clear for me that there are people who can and do much better, but in trading confidence matters really much so over 8 years trading career I really know the value of following mediocre, but working signals you KNOW work instead of running in circles always looking for a superior method.
 
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