TA is putting up a chart of a stock, analyzing it by drawing lines, looking at indicators and MA's and then decide to buy or sell. I doubt Neenisti even does this according to his own posts. When TA goes into hard coded programming it's barely original fail TA anymore. I bet he doesn't even have to look at a chart in order to create profitable edges. He himself might be utterly convinced what he is doing is TA and defends it, but everybody else disagrees.
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Technical Analysis = CRAP
- Thread starter Frits
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TA is putting up a chart of a stock, analyzing it by drawing lines, looking at indicators and MA's and then decide to buy or sell. I doubt Neenisti even does this according to his own posts. When TA goes into hard coded programming it's barely original fail TA anymore. I bet he doesn't even have to look at a chart in order to create profitable edges. He himself might be utterly convinced what he is doing is TA and defends it, but everybody else disagrees.
Quote from Dalmation:
Neenisti is very ignorant. I think they are called Internet trolls who hide behind aliases making ridiculous claims and statements. He hangs himself by his own ignorance and doesn't even know it.
Everybody is a winner in ET. Elitetrader.com is a special place where ET members pretend to be a successful traders.
Quote from Fireplace:
This is but ONE form of TA, yes....but this is NOT the only definition. ANY market data used to make a trade decision is TA.
+1
And the quicker some folks get this, the better. Another thing. Indicators are just that. They indicate. If you, as a trader do not know what is being indicated, is that the fault of the indicator, or your knowledge base?
Quote from asiaprop:
lol, I worked for years in Europe and the US, so I find your comment quite condescending. And just to bring you up to the current state of affairs, pretty much every hedge fund, sell side and buy side firm is looking to additionally staff their offices in HK, Singapore, Tokyo, and now slowly starting in Shanghai as well. Guess what, most of those job offers prevent anyone without trading experience in Asia from applying. Guess, there is possibly sufficient talent around to staff such positions. I mentioned on numerous occasions that I am not Asian myself. But I worked here for long enough time to claim that your statement is factually incorrect.
Thank you for the compliment. My goal was to mirror the attitude in your comments.
I wasn't talking about traders, I was speaking solely about research individuals. No one in the realm of science nor economics considers what the quants do with their derivative products as cutting edge or innovative.
Quote from Dalmation:
Neenisti is very ignorant. I think they are called Internet trolls who hide behind aliases making ridiculous claims and statements. He hangs himself by his own ignorance and doesn't even know it.
Nice to meet you Mrs. Dalmation. Were you named after your mother or father?
sounds like you are looking right out of the ivory tower.
Matter of fact is that 90% of financial product, pricing, and valuation innovation is pumped out of the market place NOT some research tanks, universities, and especially I have NEVER ever heard that anything that comes out from research departments of buy or sell side firms comes even close to being innovative. You may have never worked in this environment but let me tell you that a lot of stuff that is done by quants is top notch and often extremely innovative. You just dont hear about it in a timely manner because it is confidential and most of the time full property of the individual firm and thus the cow is milked till there is no more...
just some reminders to refreshen your mind:
* Fischer Black with Derman developed the BDT interest rate derivatives model inhouse at Goldman
* Derman at Goldman come up with many additional innovative solutions in valuing interest rate derivatives
* today's most utilized rates options pricing model (SABR) was fully developed by quants (Bear Sterns, BNP, SocGen)
* all inflation derivatives come from the street
* most if not all mortgage models and pricers (for what they are worth) were developed within large sell-side houses by desk quants
* a significant chunk of the credit derivatives pricing algorithms alongside jump diffusion models and probability of default models were pumped out by desk quants.
* Virtually NOTHING (and I mean it) in high frequency trading space (Equity Side) that proved of value was ever published by academicians or came from researchers other than pure quants and traders.
Matter of fact is that 90% of financial product, pricing, and valuation innovation is pumped out of the market place NOT some research tanks, universities, and especially I have NEVER ever heard that anything that comes out from research departments of buy or sell side firms comes even close to being innovative. You may have never worked in this environment but let me tell you that a lot of stuff that is done by quants is top notch and often extremely innovative. You just dont hear about it in a timely manner because it is confidential and most of the time full property of the individual firm and thus the cow is milked till there is no more...
just some reminders to refreshen your mind:
* Fischer Black with Derman developed the BDT interest rate derivatives model inhouse at Goldman
* Derman at Goldman come up with many additional innovative solutions in valuing interest rate derivatives
* today's most utilized rates options pricing model (SABR) was fully developed by quants (Bear Sterns, BNP, SocGen)
* all inflation derivatives come from the street
* most if not all mortgage models and pricers (for what they are worth) were developed within large sell-side houses by desk quants
* a significant chunk of the credit derivatives pricing algorithms alongside jump diffusion models and probability of default models were pumped out by desk quants.
* Virtually NOTHING (and I mean it) in high frequency trading space (Equity Side) that proved of value was ever published by academicians or came from researchers other than pure quants and traders.
Quote from Neenisti:
Thank you for the compliment. My goal was to mirror the attitude in your comments.
I wasn't talking about traders, I was speaking solely about research individuals. No one in the realm of science nor economics considers what the quants do with their derivative products as cutting edge or innovative.
Quote from asiaprop:
sounds like you are looking right out of the ivory tower.
Matter of fact is that 90% of financial product, pricing, and valuation innovation is pumped out of the market place NOT some research tanks, universities, and especially I have NEVER ever heard that anything that comes out from research departments of buy or sell side firms comes even close to being innovative. You may have never worked in this environment but let me tell you that a lot of stuff that is done by quants is top notch and often extremely innovative. You just dont hear about it in a timely manner because it is confidential and most of the time full property of the individual firm and thus the cow is milked till there is no more...
Vincent Cheng & Naina Kidwai are both personal friends of mine. If the names aren't familiar, they are associated with HSBC. Look up their credentials and titles.
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