Technical Analysis = CRAP

[Neenisti]

Quote from marketsurfer:

@Neenisti. Save the faulty logic, mistruths and schoolyard taunts for someplace else.

You have the chance to prove the worth of your charts on your terms, we are waiting. When will the real time demonstration commence? If not now, why not?

Surf

I'll address this in a backward manner because that is seemingly how your brain works.

It was already stated, in English, (I assume that is your primary language) that the TA demonstration would be done in September. Since it isn't under my control I asked. I was told that the programming was currently being completed to allow for the automated posting to twitter inside a custom charting application. If it can be done sooner I was told, it will.

They aren't my charts or my terms, they are his charts and your terms. You refused a live demonstration, I assume because you didn't want publicly humiliated on your home turf because it sure wasn't because there was any possibility of faking calling live trades on 100 live charts at the same time.

Personally, I am responding to your statements. You have publicly stated you prod and antagonize people into arguments for material for your writings, not that I've yet to talk to anyone that reads them. You continuously contradict yourself and hold yourself out as this person so much more intelligent than the rest of us. One only need to search through your posts to see that what I've stated in anything BUT faulty logic, untruths and school yard taunts. You made your purpose here quite obvious and in your own words, no denying it now. I've talked to numerous people on this board and you have been banned many times previously for reasons that I take it aren't relevant. I would say your credibility here is suspect at best by your own actions.

 

[marketsurfer]

The obfuscation has begun. No need for programs, coding, magick, or other chart games. How hard can it be to post before th fact, live calls on twitter or here? I'm sorry but I don't get the delay or 100 market confusion.



We are waiting to see the proof. Surf

 

[RCG Trader]

Quote from Neenisti:

I'll address this in a backward manner because that is seemingly how your brain works.

It was already stated, in English, (I assume that is your primary language) that the TA demonstration would be done in September. Since it isn't under my control I asked. I was told that the programming was currently being completed to allow for the automated posting to twitter inside a custom charting application. If it can be done sooner I was told, it will.

They aren't my charts or my terms, they are his charts and your terms. You refused a live demonstration, I assume because you didn't want publicly humiliated on your home turf because it sure wasn't because there was any possibility of faking calling live trades on 100 live charts at the same time.

Personally, I am responding to your statements. You have publicly stated you prod and antagonize people into arguments for material for your writings, not that I've yet to talk to anyone that reads them. You continuously contradict yourself and hold yourself out as this person so much more intelligent than the rest of us. One only need to search through your posts to see that what I've stated in anything BUT faulty logic, untruths and school yard taunts. You made your purpose here quite obvious and in your own words, no denying it now. I've talked to numerous people on this board and you have been banned many times previously for reasons that I take it aren't relevant. I would say your credibility here is suspect at best by your own actions.

I have to give surf the credit of posting his trades in his journals. TA traders for years have critiqued his trading style. Some have even posted trades using TA directly against him and won. Since it is a journal, he could have gone crying to the mods about that, but he did not. He does take his lumps in good stride. Surf is even a technician himself but denies it.

The only way a person can be a fundamental's trader if he reads an article in the business press and then goes to his broker on that info alone. Surf has already shown that he is analyzing charts to make current trading decisions.

 

[Neenisti]

Quote from RCG Trader:

I have to give surf the credit of posting his trades in his journals. TA traders for years have critiqued his trading style. Some have even posted trades using TA directly against him and won. Since it is a journal, he could have gone crying to the mods about that, but he did not. He does take his lumps in good stride. Surf is even a technician himself but denies it.

The only way a person can be a fundamental's trader if he reads an article in the business press and then goes to his broker on that info alone. Surf has already shown that he is analyzing charts to make current trading decisions.

I agree and respect his willingness to post a journal. I know I couldn't. I personally don't have the time being a trader with a life, a family and other primary interests myself.

That being said, this thread isn't his journal. I would never post these responses in his thread. He has laid the ground work himself as to how we are all to perceive him by his posting statements as to his purpose in this forum. I for one am only taking him at his word.

Enough said on him.

 

[failed_trad3r]

Quote from Neenisti:

Who would name themselves a failure but a failure.

Interestingly, you attack the messenger, as your message lacks substance. True colors are showing :eek:

 

[Neenisti]

Quote from failed_trad3r:

Interestingly, you attack the messenger, as your message lacks substance. True colors are showing :eek:

I'm not attacking the messenger, you attack yourself with your name and I'm just agreeing with your choice of nicknames.

 

[galvinlee888]

Quote from Frits:

Take about 100 trades with a stop loss at 5 ticks and a take profit of 5 ticks. You might start out with a good run, but in the end statistics will catch up with you and you'll end up around a 50% winners and 50% losers. Probably a bit less winners since you might not get a fill at your profit target. But you'll end up around break even... But wait! There is the brokerage! So you'll end up being a loser! I compare this to playing black and red with roulette and green (zero) is your brokerage.

Even if you e.g. set your TP at 2 ticks end your SL at 8 ticks. You'll have 80% winners and 20% losers so in the end you'll still end up at BE. If you want to be a winner you need to limit your losses and let your profits run. Those who trade with a fixed SL and TP are doomed to fail.

If you don't like to SIM trade try tossing a coin, it's the same result. For more info on this subject read: http://www.smbtraining.com/blog/random-thoughts-or-rather-thoughts-about-randomness

Shaka ,

Frits

Very good, you talk too much now

 

[marketsurfer]

hey fritz--

great link from SMB---those guys are definitely on the right track. It's quite humorous debating these folks who believe they have cracked the code-- particullarly those who claim to be able to demonstate it in elaborate ways like 100 markets via videotape when all they really have to do is make live, before the fact calls in ONE market for a few weeks on elite.

here is an interesting video on pseudo science


<iframe width="560" height="349" src="http://www.youtube.com/embed/b_6-iVz1R0o" frameborder="0" allowfullscreen></iframe>

 

[Fireplace]

So what do you look at? Price? The stars? You must look at something to make a trade decision.

Quote from failed_trad3r:

LOL. You know there is more than fundamental and technical. This edge is so reliable and certainly enough out-of-the-box i would be able to teach anybody how to become consistenly profitable with it. Which unfortunately with TA is impossible, because it doesn't work In fact, I wonder why I haven't discovered and applied this edge before. It is so simple yet so powerful. It opened my eyes.

 

[RCG Trader]

Quote from marketsurfer:

hey fritz--

great link from SMB---those guys are definitely on the right track. It's quite humorous debating these folks who believe they have cracked the code-- particullarly those who claim to be able to demonstate it in elaborate ways like 100 markets via videotape when all they really have to do is make live, before the fact calls in ONE market for a few weeks on elite.

here is an interesting video on pseudo science


<iframe width="560" height="349" src="http://www.youtube.com/embed/b_6-iVz1R0o" frameborder="0" allowfullscreen></iframe>

But people do, surf. It is not hard to make a live before the fact call, a lot of them are made on your journal.