Then they should have left it in the Journals forum where it belongs.
TA Sucks
- Thread starter RedTankEra
- Start date
Is this "consensus" available for the rest of us to peruse?
Seems to me that nearly every trader I've met who makes consistent good money looks at charts and conducts some sort of technical analysis (I'm referring to people whose live calls I observed for at least several months).
sellindexvol once stated he uses technical analysis. He seems consistent and I imagine the money he makes is "good"
And we now have a fairly new ET-er claiming consistent success:
Pinkman, you're pretty new here and have been demonstrating for quite some time a technical price action concept I adhere to: "There is no bad entry in a strong trend." You're more of a swing trader and you seem to be applying that concept to the multi-year uptrend in the SIFs. I'm a scalper and I apply that concept (and several other technical analysis concepts) to intraday price swings.
I'm curious, when the previous bull market transitioned to a bear between 2007 and 2008, did you start shorting or did you become a counter-trend trader, still trading only to the long side?
.....non-fiction.Is this "consensus" available for the rest of us to peruse?
Seems to me that nearly every trader I've met who makes consistent good money looks at charts and conducts some sort of technical analysis (I'm referring to people whose live calls I observed for at least several months).
sellindexvol once stated he uses technical analysis. He seems consistent and I imagine the money he makes is "good"
And we now have a fairly new ET-er claiming consistent success:
Pinkman, you're pretty new here and have been demonstrating for quite some time a technical price action concept I adhere to: "There is no bad entry in a strong trend." You're more of a swing trader and you seem to be applying that concept to the multi-year uptrend in the SIFs. I'm a scalper and I apply that concept (and several other technical analysis concepts) to intraday price swings.
I'm curious, when the previous bull market transitioned to a bear between 2007 and 2008, did you start shorting or did you become a counter-trend trader, still trading only to the long side?
It's a Random Walk.
Great job Captain Hindsight!
TA is no better than flipping a coin. It all looks so easy IN HINDSIGHT. But the fact is your bullshit crossovers, moving averages (10, 20, 50, 100 blah blah blah), flags, candles, shooting stars, doji's, "death cross" (LMFAO....predicted 20 of the last 2 crashes, in the other 18 you would have been wiped out!), etc etc etc are all total bullshit.
If it was easy enough just to learn how to chart the entire world would do it. Your charts are like ants in front of HFT algo steamrollers.
TA alone = worthless nonsense.
It's easy enough to chart the TA framework, and quite time-consuming to do the statistical analysis necessary to develop a trading plan. What sucks isn't the TA; it's the majority's inability to follow the rules necessary to achieve the positive results that the stats reveal.
A quick look at all the journals here and elsewhere reveal that almost no one has the ability to follow a plan.
BTW, the charts provide the footprints of the predatory algos. Once you learn to recognize their footprints you can become Captain Realtime because it's easy enough to hitch rides with them; just click buy or sell.
Its not TA, but your limited mindset.
You think as if a the x and its not like that.
If a market was uptrending and suddenly does a death cross, but there's a failure to downtrend, shouldnt that tell you there's a chance for the swing low?
Everything works, every tool, its how we use them.
Some tools are excellent for trend, others for ranges, that cannot be denied, that is a fact, therefore, get the right market and use the proper tools.
Most here fail miserably and before accepting that it was them that failed they blame TA.
