Technical Analysis = CRAP

marketsurfer · May 1, 2011

Quote from Neenisti:

First he's a system developer not a guru. He doesn't teach, he just trades.
Second, you are the only one obfuscating this situation. He was quite clear and direct on what he offered to show you.
I'm just passing on the information. That will stop n

Who I am isn't important. More obfuscation? Go back to your failed journal where you belong.

Why do you keep up with the lies?

Stop the ridiculous personal attacks. Just demonstrate the system.

Real time, before the fact calls here on elite ( or if you insist on twitter--I already have 1100 plus followers anxiously awaiting the demonstration) for one month in one market.

Obviously, you use this system, why don't you add some value and post your trades before the fact? No need for pretty chart art, or personal attacks. Just trades lk I have demonstrated in the surf report live and befor the fact since 2002

failed_trad3r · May 1, 2011

Quote from Neenisti:

I'm a successful day trader and have been for 8 years. I have no other job.

You, on the other hand and by your own admission, are a failed trader. Enough said.

Still trying to divert attention are you? How does you being a supposed profitable daytrader is any evidence of TA working like you say it does?

Why do you assume I am a failed trader at this moment in time? You seem to go about alot on appearances, rather than substance. From the way I have seen you interact and discuss on this board however, that was to be expected. What a waste of time.

Neenisti · May 1, 2011

Quote from marketsurfer:

Why do you keep up with the lies?

Stop the ridiculous personal attacks. Just demonstrate the system.

Real time, before the fact calls here on elite ( or if you insist on twitter--I already have 1100 plus followers anxiously awaiting the demonstration) for one month in one market.

Obviously, you use this system, why don't you add some value and post your trades before the fact? No need for pretty chart art, or personal attacks. Just trades lk I have demonstrated in the surf report live and befor the fact since 2002

Amazing. You lie, I call you a liar and the only come back you have is you call me a liar. How sophomoric and typical. You are the king of obfuscation.

I have nothing to prove because it isn't my system to show you.

You won't goad me further into continuing this worthless conversation. Everything unflattering I've heard about you is true.

Neenisti · May 1, 2011

Quote from failed_trad3r:

Still trying to divert attention are you? How does you being a supposed profitable daytrader is any evidence of TA working like you say it does?

Why do you assume I am a failed trader at this moment in time? You seem to go about alot on appearances, rather than substance. From the way I have seen you interact and discuss on this board however, that was to be expected. What a waste of time.

marketsurfer · May 1, 2011

Quote from failed_trad3r:

Still trying to divert attention are you? How does you being a supposed profitable daytrader is any evidence of TA working like you say it does?

Why do you assume I am a failed trader at this moment in time? You seem to go about alot on appearances, rather than substance. From the way I have seen you interact and discuss on this board however, that was to be expected. What a waste of time.

Get ready to receive the threatening private message from this crew. I have received several threatening notes in the past--that I am considering publishing when the time is right-- not 100% sure we are dealing with the same "system developers" but the modus operandi and absolutely gonzo hate vibe is similar. Surf

d08 · May 1, 2011

Surf, most people won't reveal their trading systems in fear of someone reverse engineering them.
Next week you might try building a rocket to launch into orbit, when you fail at it, I presume you will call all the satellite launches a hoax. If you couldn't do it then no one can, right?

But anyway, here is one COMPLETELY mechanical system with a long track record. I know the owner and the logic, there is 0% subjectivity.

http://www.collective2.com/cgi-perl/c2systems.mpl?systemid=25860974#

marketsurfer · May 1, 2011

Quote from d08:

Surf, most people won't reveal their trading systems in fear of someone reverse engineering them.
Next week you might try building a rocket to launch into orbit, when you fail at it, I presume you will call all the satellite launches a hoax. If you couldn't do it then no one can, right?

But anyway, here is one COMPLETELY mechanical system with a long track record. I know the owner and the logic, there is 0% subjectivity.

http://www.collective2.com/cgi-perl/c2systems.mpl?systemid=25860974#

Thanks. I'm not interested in reverse engineering, in fact, I would postulate it would be near impossible with just a month of live real time before the fact calls, until the calls are posted, the claims are worthless.

PS. That looks like an extremely robust Stock trading system, thanks for the link!

Neenisti · May 1, 2011

Quote from d08:

Surf, most people won't reveal their trading systems in fear of someone reverse engineering them.
Next week you might try building a rocket to launch into orbit, when you fail at it, I presume you will call all the satellite launches a hoax. If you couldn't do it then no one can, right?

But anyway, here is one COMPLETELY mechanical system with a long track record. I know the owner and the logic, there is 0% subjectivity.

http://www.collective2.com/cgi-perl/c2systems.mpl?systemid=25860974#

Correct.

Rene has among his followers a group of energy traders in Hamburg. One of those energy traders turned me on to his stuff a few years ago. Only objective decisions. Quite well done.

Fireplace · May 1, 2011

You still haven't answered what you look at to determine your trades....you said it's NOT TA....well, what do you look at?

Quote from failed_trad3r:

Why do you assume I am a failed trader at this moment in time?

macattack · May 1, 2011

Quote from Cheese:

At the level of ET members it is very important to know technically the market you are playing in. Know the metrics - know the hard data of your market.

The central process for an amateur to set about making himself or herself rich from trading is to use the daily price gyrations of a liquid and volatile market (eg CL) to take cumulative net gains from the intraday sequential swings. If I take CL, Monday to Friday, April 25-29 (2011) the number of swings (minimum span 40 points) by the mean average of the maximum width of each swing, per day, were 8x84, 4x98, 13x84, 13x87 and 7x61. Enough points being made available weekly to turn yourself into Croesus!

Even if you know the metrics of your market & you know there will be daily price gyrations you still have to catch the tops & bottoms of those gyrations and you have to be correct most of the time. On Friday there were about 11 swings in CL minimum 40 points, but you still have to get in on them at the right time & in the right direction. You have to know where to get out if wrong. You have to know when to exit. Catching gyrations ain't that easy !