Technical Analysis = CRAP

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Quote from J.Joseph:

Not sure, I'd have to look up what arbitrage is. I'm sure it's directional though. I base my analysis on crowd theory. The agreement or discord between five crowds trading on five different time scales (day traders= crowd 1, Swing traders = crowd 2, long term investors = crowd 5) will determine whether the movement is a trend or counter-trend, and on what time scale. When at least 3 consecutive crowds are in agreement and have the buying power to do so, I trade. And it goes well most of the time. In fact, my true percentages have been 19 wins of 24 with 2 break-evens this year.
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That is similar to my results but I like the way you tag the crowd. I do the same with "strength". I open up my "spigots" a bit. I add a few more losers to the mix but increase profits. I tighten them back up for swing trading though. Well done.
Look up arbitrage, interesting information though you probably won't use it.
 
Very nice, J. Joseph. Continued success to you. :)

Quote from J.Joseph:

Not sure, I'd have to look up what arbitrage is. I'm sure it's directional though. I base my analysis on crowd theory. The agreement or discord between five crowds trading on five different time scales (day traders= crowd 1, Swing traders = crowd 2, long term investors = crowd 5) will determine whether the movement is a trend or counter-trend, and on what time scale. When at least 3 consecutive crowds are in agreement and have the buying power to do so, I trade. And it goes well most of the time. In fact, my true percentages have been 19 wins of 24 with 2 break-evens this year.
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Quote from ProfLogic:

Point made and agree.
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Sorry, didn't mean to be snappy. I just don't understand why someone who name drops and walks with the highest echelons on finance can not trade well and has learned little from all these titans he claims to know. He then makes accusations of snake oil, discounts offers to put up audited statements, and finally has the temerity to not test when a trader asks him to and yet ask for others proprietary code to be tested? You suffer indignity well as I have said many times in the past.

Biting the hand that feeds is a personal peeve of mine, and is the ultimate in poor taste and training.

Okay, Im better now:D
 
Quote from RCG Trader:

Sorry, didn't mean to be snappy. I just don't understand why someone who name
Biting the hand that feeds is a personal peeve of mine, and is the ultimate in poor taste and training.

Okay, Im better now:D
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Who is the hand who feeds me? Last I looked, it was me.....

Whoa, sorry if I offended you. As I said previously, you seem like a real seeker of truth without an agenda. I am sorry that you find the most rudimentary amount proof acceptable in the financial world to be indignant. I explained why audited statements are not adequate in this matter. The question isn't "did you have a good run of success in trading" then the statements would make sense assuming they are honestly presented. The question here does objective TA produce results that can be tested to show a positive diversion from randomness or chance. Statements have nothing to do with the question.
As an aside, in the hedge fund business-- we will only invest in funds that use a third party administrator that actually keeps the records separate from the fund itself gleaned directly from the broker--- that's how far due diligence goes for hedgies.


Asking for the code is really the only way to test it. OR posting it on collective 2 or a paper auto trading site would be acceptable if you truly believe your code is that valuable and don't trust the tester---- you could also encrypt it also like Proflogic claims. OR simply post a before the fact journal here with calls, not charts that will be intrepreted after the fact.

Well, with this said, Proflogic has promised me his program/code to test
 
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As you know, not even the most rudimentary live calls for a series of months have been made here by the objective TA cultus. this has been going on for years-- I don't expect anything to change other than more excuses and claims of success with zero evidence.

But one of this group has promised the program to test. Let's see if it ever happens.

My opinion is the real reason one never sees a real time journal or other acceptable proof is these folks simply have too much vested in being right. There is no upside fo them by keeping a before th fact journal since many just believe therefore messing up on trades would ruin their carefully crafted persona.

Surf
 
Quote from marketsurfer:



My opinion is the real reason one never sees a real time journal or other acceptable proof is these folks simply have too much vested in being right. There is no upside fo them by keeping a before th fact journal since many just believe therefore messing up on trades would ruin their carefully crafted persona.

Surf
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I understand Surf. Really, I do. You view makes sense from where you sit.
 
Quote from RCG Trader:

I understand Surf. Really, I do. You view makes sense from where you sit.
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Thanks. It's really the way thing work in this business, and I am being as gentle, flexible,and accepting of alternative proofs, as possible.

But still nothing other than invites to witness ( like kreskin would do) and wild claims that would place the claimant clearly as the top of the all time most successful traders recorded.

Sorry, but things just don't add up. Even though, like fox mulder, I want to believe.



Surf
 
This is actually a more complicated situation.

Successful speculators smooth out prices.



If you understand economics, I shouldn't have to say more.

If you don't just give me your money now.
 
Quote from marketsurfer:

Not intimately.

Surf :confused:
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I can only imagine you gave your parents fits as a child.
Do you even answer a direct question with a straight answer?
 
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