Technical Analysis = CRAP

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I'm none of those, just a guy who worked hard (and smart) at discovering something that works in the mkts. I'm not alone, there are others who are in the same boat.

You're welcome to climb aboard the boat if you'd like, I never suggested that you or others who are still in hobby mode weren't invited. :)

Quote from marketsurfer:




No, I can't argue with savants, wizards, psychics, and grand masters. Not to mention th statistically inept, math deprived deluded souls who only exist in cyberspace under aliases.

Surf
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@Surf, thank you. This really helps your readers. I am beginning to believe that we have an issue with semantics here. If you speak of averaging in based on an extended timeframe (which is not a bad idea, actually), then you must be using some sort of price/time matrix to determine what defines an overextended market.

Whether it is Prof's brand of ergodic oscillator or numbers on a spreadsheet, it is still an indicator, one is just not plotted as a graph.

I understand your irritation at guru's, but they don't open source their data as a rule. If anyone wants to trade like Jack Hershey or Spydertrader or ProfLogic, they need simply to do a search. They need not spend a dime. Is that guru type behavior? I recognized the value of digging after reading Connie Brown, who put the formula for her or (Andrew Cardwell's, depending on who you believe) the Composite Index in the book. Yet, she charges I think 800 dollars for lack of aptitude or laziness if you buy the indicator.

So I would like to more clearly frame your assertion. Are you saying that there are NO static TA systems that work? If so, I can agree to a degree because data input will alter the waveforms that TA produces, and the trader must know what to do when certain waveforms develop. Otherwise, I would posit that you yourself use TA because you are analyzing a price/time relationship that you then use to make trades. Am I on the right track here, in any way?
 
Quote from RCG Trader:

If you keep posting the exact same post you will be seen as a spammer. ET takes a dim view on this, just a heads up, bruh.
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Please read the post first b4 comenting and you will see its an UPDATE to the previous one.

And at least it has some facts unlike most of the stuff posted here !!!
 
Quote from Fireplace:

I'm none of those, just a guy who worked hard (and smart) at discovering something that works in the mkts. I'm not alone, there are others who are in the same boat.

You're welcome to climb aboard the boat if you'd like, I never suggested that you or others who are still in hobby mode weren't invited. :)
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Hmmmm, you obviously fit into the "plain folks" meme from "the fine art of propaganda" and mentioned regarding TA folks on page 103 in Niederhoffer's excellent "practical speculation".

Please tell me more.

Surf
 
BTW, don't look now, but there appears to be another budding "guru" at ET, her name is NoDoji, and she is beginning to get quite a following, she posts charts, clearly explains her trades, and does not charge a dime. Clearly, teaching traders for free is what must be the criterion for a guru, as Mr. Covel is clearly NOT a guru, as he charges 2k or so for trading courses on trendfollowing:D
 
Quote from marketsurfer:

Not to mention th statistically inept, math deprived deluded souls who only exist in cyberspace under aliases.Surf
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If anyone in this thread is math deprived and deluded it is you. Logic and plane geometry are just way too complicated for you.

I can't speak for Fireplace but you know who I am and you are still are too stupid test a system.

How much does Baron pay you for increasing page views . . . oh that's right he allows you to exist here. That's the ET asshole tax the rest pay for you being here.
 
Quote from ProfLogic:

So that would make you the student in a kindergarten writing class, right?

Anna is in for a rude awakening.

Surf says, I don't insult people or make snide remarks.
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Prof,

In all seriousness, are you a student or peer of Bill Williams?

Surf
 
So I would like to more clearly frame your assertion. Are you saying that there are NO static TA systems that work? If so, I can agree to a degree because data input will alter the waveforms that TA produces, and the trader must know what to do when certain waveforms develop. Otherwise, I would posit that you yourself use TA because you are analyzing a price/time relationship that you then use to make trades. Am I on the right track here, in any way?

Surf, is this statement correct?

If not, why not?
 
Quote from marketsurfer:

Prof,

In all seriousness, are you a student or peer of Bill Williams?

Surf
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Ah yes, Bill Williams:D

He takes a 5/34/5 MACD and breaks it into two parts. He then takes 3 DMAs to determine trend. His flaw is that he gets in late, so he invented something called angulation, which was arbitrary. Distance from a MA can be defined tho, and can be useful.
 
Quote from RCG Trader:

So I would like to more clearly frame your assertion. Are you saying that there are NO static TA systems that work? If so, I can agree to a degree because data input will alter the waveforms that TA produces, and the trader must know what to do when certain waveforms develop. Otherwise, I would posit that you yourself use TA because you are analyzing a price/time relationship that you then use to make trades. Am I on the right track here, in any way?

Surf, is this statement correct?

If not, why not?
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Yes, but it has nothing to do with Waves price or time. I analyze the drivers of price because once price prints, it's too late as there is no relation between prices except within a band generally.


I guess by some stretches of the word I use TA but not of price or volume. It's in the spirit of my mentor, however, victor niederhoffer--

I have seen folks get extraordinarily wealthy from the markets--- without exception they scoff at price volume stuff.
 
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