Technical Analysis = CRAP

RCG Trader · Jul 10, 2011

Quote from ProfLogic:

July 2011 - FUTURES MAGAZINE COVER - Mark Rosenberg seems like a decent example of of objective "Trend Following" TA and the algorithms he created. Those algorithms have worked for over 40 years. In his fund he has had only 2 losing years out of the last 25.

Definitely not what I do but I think it is one good example of what is possible.

Now shut the hell up and go take care of Anna.

He might be sore. Give him a break

Give Surf a little credit, he is brave, if nothing else

ProfLogic · Jul 10, 2011

Quote from RCG Trader:

He might be sore. Give him a break

Give Surf a little credit, he is brave, if nothing else

Guys that volunteer for the fire department are brave.
Surf . . . is something entirely different but not brave.

Oh, Ron . . . check out your email in a bit. New Crude report.

RCG Trader · Jul 10, 2011

Quote from RCG Trader:

He might be sore. Give him a break

Give Surf a little credit, he is brave, if nothing else

Prof, I had a dog when I was child, his name was Gemini. He was a K-9

My best friend had a Chiwawa. This dog would run up to Gemini and yap and bark, and Gemini would turn his head to the side like, WTF? Gemini did not know whether to just step on him or bite him in half, so he would just kinda stare at him.

Surf and his anti-TA rants are like this to me. I respect Surf as a man, but as Hayek would say, he has a fatal conceit. Let's see if he acknowledges Sentinel, and it's results.

ammo · Jul 10, 2011

Quote from marketsurfer:

That's all well and good---- but still you and the other objective TA true believers have FAILED to offer anything into evidence other than rhetoric, claims and blustery proclamations that your objective TA system has any value.

How about a few before the fact calls, a before the fact journal, anything other than the reposting of charts recording the markets transitions. I have done it ( in public ) for 11 plus years-- where's your evidence?

surf

talk to a fool as long as you will,he will be of the same opinion still...the fact is TA works,if used correctly.. a hammer if used correctly will drive a nail,incorrectly it will smash your thumb,if your thumbnail is black,it means the hammer is crap..the fact is you believe its crap,belief doesn't mean true ,it means belief...never met a carpenter who hasn't experienced a smashed thumb several times,but they all use hammers

ProfLogic · Jul 10, 2011

Quote from RCG Trader:

Prof, I had a dog when I was child, his name was Gemini. He was a K-9

My best friend had a Chiwawa. This dog would run up to Gemini and yap and bark, and Gemini would turn his head to the side like, WTF? Gemini did not know whether to just step on him or bite him in half, so he would just kinda stare at him.

Surf and his anti-TA rants are like this to me. I respect Surf as a man, but as Hayek would say, he has a fatal conceit. Let's see if he acknowledges Sentinel, and it's results.

Otay . . . closer & closer.

Lucrum · Jul 10, 2011

Quote from Lucrum:

Any screen captures of any kind anywhere?

Eddiemorra · Jul 11, 2011

Quote from logic_man:

Alright, man, fair enough with the point of making at least some calls. Right now, I like 1317.25 ES before 1354.75.

For the record, I'm not claiming any BS like 100% accuracy or anything so outrageous, so if the call doesn't work, it doesn't work.

we hit your target!

hope you caught it for 20 points profit or so!

ProfLogic · Jul 11, 2011

Quote from logic_man:

Alright, man, fair enough with the point of making at least some calls. Right now, I like 1317.25 ES before 1354.75.

For the record, I'm not claiming any BS like 100% accuracy or anything so outrageous, so if the call doesn't work, it doesn't work.

Well done!!

Some people will never learn, huh?

marketsurfer · Jul 11, 2011

Quote from ammo:

talk to a fool as long as you will,he will be of the same opinion still...the fact is TA works,if used correctly.. a hammer if used correctly will drive a nail,incorrectly it will smash your thumb,if your thumbnail is black,it means the hammer is crap..the fact is you believe its crap,belief doesn't mean true ,it means belief...never met a carpenter who hasn't experienced a smashed thumb several times,but they all use hammers

Well, I am giving the TA folks plenty of time to demonstrate that objective TA works. Still nothing at all but a few proclamations of past success and chart postings that could be interpreted as correct regardless of market action.

If it's objective thus programable it's easily tested--- I'm still waiting.

marketsurfer · Jul 11, 2011

Quote from RCG Trader:

Surf and his anti-TA rants are like this to me. I respect Surf as a man, but as Hayek would say, he has a fatal conceit. Let's see if he acknowledges Sentinel, and it's results.

The price sentinel was slated to be released in 2010 per the website. I'm still waiting for it, but like the perpetual motion machine invention, I am certain I will be waiting quite awhile longer.....Despite assurances to the contrary. Of course I'll recognize it's results if it actually works but this is highly unlikely.

In the meantime, if you want to see a real quant based stock picking engine check out "the machine" by my old research firm.

Let the dreamers and paper traders continue to promise miracles while real traders and researchers are putting their work on the line daily in the real markets.