Quote from marketsurfer:
Whoa, that's a mouthful---
What TA patterns are "proven to work"? this is a non sequeutar anyway-- as TA patterns ONLY EXIST IN THE PAST therefore, the ALL have worked otherwise they wouldn't and couldn't exist.
Can you explain the exact tests you conducted and the results. What was the data set? Can these "tests" be replicated?
No offense meant, just trying to correct faulty beliefs.
I believe someone gave you a direct link to an article about the merits of TA. You replied that you and those you work with would review the academic article.
Did you not read it like so many other links folks have posted to academic studies in the past as a rebuttal to your own posting of links to academic articles against TA.
Did you not notice that if there are academic articles involving different trade signals, different trade management, different trading instruments, different historical data and many other different variables that say it works or does not works...is it possible that TA merits depends greatly upon how it works with other variables in one's trading plan.
You yourself stated specifically that T. Sykes uses TA usefully because he also uses
real information with the TA. My point, the issue really isn't how much TA someone uses nor is it what type of TA someone uses. The issue is does the TA work with whatever trading plan someone is using the TA within even if there's something in that trading plan that may or may not be more important than TA...only profitable traders can answer that whereas losing traders will continue debating the merits of TA.
Note: I've already establish that cornix does have a habit of implying he uses TA and nothing else when in fact he does uses other things with his TA. Please try to remember such when you reply to him.
By the way, cornix stated a few replies ago to me that he was using something call PD as in price drivers...maybe with sarcasm.
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Can you explain exact tests you conducted and the results. What was the data set that he may have used for them PD because cornix did not go into any further details
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If you can not or don't want to...why expect him to do the same ?
P.S. You can not win this debate...never will. Why? You continue vouching for T. Sykes as a profitable trader (e.g. you showed his broker statements) while trying to
minimize the fact the guy uses TA within his trading plan as shown in his own Youtube videos. Just as importantly, you have stated yourself uses TA for visualization purposes only...why use it if it has no merits ? You stated that the TA you use is not TA even though those you commonly debate are using the
exact same TA (e.g. s/r levels). You consistently request others to provide proof of their TA while yourself does not provide proof of your "price drivers". You consistently over the years have ignored academic studies by others about the merits of TA.
