Technical Analysis = CRAP

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It's all well and good that you painted these charts, Proflogic. They can be good to explain to others what has happened in the past and there may be a market for them among the hardcore TA wonks who do not understand how markets really work--- but when it comes to providing an edge for real time trading decisions, I don't get the value over any other illustration of the past. The metrics you measure don't drive price by any stretch. You are measuring the past via constant volume bars.

Regardless, are these bars your invention/creation? Thanks

Surf
 
Quote from bone:

Other than bid/ask liquidity both would be equally useless for making a trade entry decision, IMO. There are two counterparties to every trade, and an intiating party (liquidity taker) is not necessarily smarter or for that matter more germaine to your position's welfare and eventual outcome than the liquidity maker. That being said, if you have developed the use of volume into repeatable trade identifier with statistically positive expectancies then more power to you. But there are plenty of very successful traders out there who do not give any credence to volume in terms of trade entry considerations other than immediate order book liquidity for execution.
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You just don't get it so stop trying.

First you referenced volume to "amount or quantity", then you referenced it to "the amplitude or loudness of a sound" but you just can't seem to wrap your head around volume as referenced as "the capacity of such a region or of a specified container, expressed in units.

I agree that there are many traders that are successful using different methods than mine. That is a given. What I'm trying to explain to you is that there are options that can be applied to existing trading systems or methods that will improve the results. I've spoken to hundreds of traders that have seem a great improvement in their trading from learning to use constant volume bars along with THEIR current method, not using mine. The reason for this is due to the consistency the charting offers but again you can't seen to wrap your head around the concept so it isn't for you. The old saying goes, "Consistently successful traders have to have someone out there confused and inconsistent in their trading to profit from."

Not you, mind you because I take it you only trade FOREX. FOREX will never release the combined volume of their trading environments.
 
Hey Surf, as a self proclaimed 'hobby' trader, perhaps you just aren't adept enough to understand the intricacies that some of us delve in to on a daily basis? I know if I did something as just a 'hobby' I would be less inclined to make definitive statements on what does or does not work or what is or is not possible.

Just an observation. :)
 
Quote from Fireplace:

Hey Surf, as a self proclaimed 'hobby' trader, perhaps you just aren't adept enough to understand the intricacies that some of us delve in to on a daily basis? I know if I did something as just a 'hobby' I would be less inclined to make definitive statements on what does or does not work or what is or is not possible.

Just an observation. :)
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Regardless of my status as a hobby trader, I have spent much time watching price not to mention having access to several PhD quants and heavy math people to bounce ideas off of, consult, and test ( one of these personages happens to be on this thread). I'll be happy to put my trading knowledge base and access in the biz against anyones.

You are barking up the wrong tree if you think I am a simple noob.

Thanks

Surf

PS. Do the metrics measured drive price? If not, what is the purpose of measurement?
 
If your knowledge base and access are THAT great, why are you just a hobby trader? :confused:


Quote from marketsurfer:

Regardless of my status as a hobby trader, I have spent much time watching price not to mention having access to several PhD quants and heavy math people to bounce ideas off of, consult, and test ( one of these personages happens to be on this thread). I'll be happy to put my trading knowledge base and access in the biz against anyones.

You are barking up the wrong tree if you think I am a simple noob.

Thanks

Surf
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ProfLogic, you are making alot of stuff up here about what I trade and what I know. I never once insulted you or got personal, the same cannot be said for you so knock that shit off and get off your pedestal of pretty charts and oscillators on one minute data. Maybe keep things on point. I'm a degreed Engineer who gets around a Bloomberg terminal with a MatLab toolbox pretty well so I guess volume I can understand. In terms of me and Forex, still one more example of you making shit up once again. I don't lease a Nymex seat to trade Forex. Good luck with an oscillator on 1 minute data in a market with 33 % vol and a 325 tic trading range.
 
Quote from marketsurfer:

It's all well and good that you painted these charts, Proflogic. They can be good to explain to others what has happened in the past and there may be a market for them among the hardcore TA wonks who do not understand how markets really work--- but when it comes to providing an edge for real time trading decisions, I don't get the value over any other illustration of the past. The metrics you measure don't drive price by any stretch. You are measuring the past.

Surf
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Time for glasses there surf. I posted that Crude chart yesterday afternoon just for you. Constantly saying, "Why don't you post trades in real time". Well sir I posted that crude chart yesterday at about 3:45 clearly on the chart it stated "Price going DOWN". I clearly stated "I make decisions on oscillations". That short CURRENTLY is worth $4000 a contract and if one exited at the confirming oscillation at the bottom it was worth $5500.

What I do is way way too simple for you to understand so don't try. You have no desire to learn and I don't think you could anyway. You don't understand plane geometry, logic or algebra in anyway shape or form.

No decisions I make are in hindsight, they are all taken in real time but based on past data that because of my chart structure are read from a never changing pattern weighted environment of perfect consistent volume based oscillations.

That being said . . . you are getting married soon. Spend the time & energy you expend on harassing me, positively on Anna.
 
Quote from marketsurfer:

Regardless of my status as a hobby trader, I have spent much time watching price not to mention having access to several PhD quants and heavy math people to bounce ideas off of, consult, and test ( one of these personages happens to be on this thread). I'll be happy to put my trading knowledge base and access in the biz against anyones.

You are barking up the wrong tree if you think I am a simple noob.

Thanks

Surf

PS. Do the metrics measured drive price? If not, what is the purpose of measurement?
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I'll guarantee that if you let ME explain (in person) what I do to those "PhD Quants" and "heavy math" people they would understand it. You trying to explain it to them is like my 10 year old explaining Physics to Van Allen.
 
Quote from Fireplace:

If your knowledge base and access are THAT great, why are you just a hobby trader? :confused:
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You questioned my knowledge, so I answered you. This has nothing to do with us personally-- I even like the Prof and hope both of you will attend the next surf fest ( yes, I promise not to leave early this time).

My decision not to trade professionally right now is irrelevant to the issue.

Can either of you answer the questions?

Thanks surf
 
I didn't mean to say or imply you haven't been around mkts and haven't known people who have been around mkts for awhile and who have a good knowledge base, I meant that you don't have the intricate knowledge of intraday mkt dynamics, the very detailed stuff (nitty gritty if you will). Most people do not and those who do have spent a painstaking number of hours in front of the screen. You trade the mkt as more a blunt instrument, trying to catch larger moves, more macro stuff whereas I and other short term traders are looking at the more micro level. So, of course those of us who are able to do so consistently have a greater knowledge of the micro stuff than, say, guys like you or investors.

Sorry, I didn't mean it as a personal attack or anything. :)

Quote from marketsurfer:

You questioned my knowledge, so I answered you. This has nothing to do with us personally-- I even like the Prof and hope both of you will attend the next surf fest ( yes, I promise not to leave early this time).

My decision not to trade professionally right now is irrelevant to the issue.

Can either of you answer the questions?

Thanks surf
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