Objective decision making doesn`t necessarily mean true(in your case).The subject is the cause of all causes,and only from there its particles emanate.RBDSM by JH deals with such particles.It intercepts a complete set of particles(by his words) which allows him to appreciate the full market`s offer(again, by his words).
TA - Objective or Psychological Skill?
- Thread starter cornix
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Objective decision making doesn`t necessarily mean true(in your case).The subject is the cause of all causes,and only from there its particles emanate.RBDSM by JH deals with such particles.It intercepts a complete set of particles(by his words) which allows him to appreciate the full market`s offer(again, by his words).
That's philosophical question, irrelevant to the discussion. In practical reality we have to distinguish subject from the object and act assuming they are truly different.
Probably there are people who truly achieved Zen state and are able to trade as if the market was part of them and they are part of the market, but unlikely we meet them here and even more unlikely practically could replicate their success.
From Wikipedia:
"In finance, technical analysis is a security analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume."
I am a fully automated trader, and all of my trading systems are using technical analysis (per that definition) for their trading decisions.
I certainly believe that top discretionary traders using technical analysis (per that definition) can do better than automated strategies (not in the # of trades, of course, but in overall profitability & consistency) - however, becoming a top discretionary trader is as easy as getting selected by your country for the Olympic Games.
This thread would become more interesting if we started to discuss HOW the study of past market data can allow for profitable forecasting of the direction of prices.
"In finance, technical analysis is a security analysis methodology for forecasting the direction of prices through the study of past market data, primarily price and volume."
I am a fully automated trader, and all of my trading systems are using technical analysis (per that definition) for their trading decisions.
I certainly believe that top discretionary traders using technical analysis (per that definition) can do better than automated strategies (not in the # of trades, of course, but in overall profitability & consistency) - however, becoming a top discretionary trader is as easy as getting selected by your country for the Olympic Games.
This thread would become more interesting if we started to discuss HOW the study of past market data can allow for profitable forecasting of the direction of prices.
Quote from cornix:
That's philosophical question, irrelevant to the discussion. In practical reality we have to distinguish subject from the object and act assuming they are truly different.
Probably there are people who truly achieved Zen state and are able to trade as if the market was part of them and they are part of the market, but unlikely we meet them here and even more unlikely practically could replicate their success.
The cause of the TA objectors` problem is the misuse of the free will.You are given the subject and objects,and you insist on using objects.Your wish is my command.You`ve selected the poor TA objects your suffering your losses from now.
Zen state is either possible when dealing with the TA subject or by the mercy of scientists to whom the gates were ajar to the TA objects(to unite both is even better!).There is no need to replicate anyone`s success,no can do.Deal with the TA subject.
While I am not an automated trader, my belief is still: the most profitable trading takes places when one "automates oneself" acting manually, but almost mechanically, so that only difference with automation is more nuances being considered.
It's realistic goal to develop a solid manual trading approach if one is ready to do serious research, then the hard part begins: learn to execute it flawlessly and construct real inner belief in your approach. Harder than it seems to people who didn't try it, because trading is an odds game and requires understanding and believing in your odds, not trying to find certainty.
Quote from cornix:
Come on, it's not THAT complex.
For Western culture people it's much easier to construct a proper traders' belief system as a function of research/hard work and discipline. Changing the whole perceptional paradigm would be too much and unlikely as successful to most.
it is sure not,if your not serious in your endevour.
Regardless of the pedigree,it is well known that a science is a body of knowledge organized according to the general principles.But to go down that route,a mentorship required. The other alternative is to deal with the TA subject.You have very very less to calculate there...Anyway,the whole perceptional objective paradigm is nothing but a mental concoctions,which doesn`t seem to mind you.
Quote from cornix:
If your goal is profit, it's achieved much easier without the need to change your whole perception of the reality. Not sure is profit considered "serious" goal or not in trading for you.
My primal goal is to obey the subject.I don`t even know nor bother how much is made in the middle.The goal ideally should be the full market`s offer-the golden standard of the scientific traders.For me,it`s hard to achieve at the level i operate,i don`t have enough precise objects on my shelf to connect them with the subject,to extract the full market`s offer,so i operate from above,so to speak,and let the particles pasture in the airtight container,where the sheapherds such as JH reside.LOL..
I wouldn`t mind the golden standard,although i`m comfortable with what i have.
See, that's the difference in goals. In a whole process of life I perceive my goal as an endless evolution. In trading too, but primary goal is provide livelihood to my family. And that short-term goal is achieved much easier than abstract long-term (eternity-term even) goal.
Simple algo:
1) Do research to find patterns which contain edge. Do more research to find optimal money management/trade management to these patterns.
2) Learn to trade those patterns in real time almost flawlessly.
3) Enjoy having your own little cash making machine.
