Technical Analysis = CRAP

Neenisti · May 14, 2011

Quote from Dalmation:

Price action is moronic because the insiders pay no attention to it. Only dumb retail is tricked into thinking price action has any value. The market herself is bent in deceiving you. She is the great harlot that not only will take your money, she will take your life by causing you to waste it on the wrong path.

Yes one of those insiders is so smart he's going to jail for 15 years. That is probably you or one of your peter puffer friends.

Fireplace · May 14, 2011

Dalmationsurfer....come on man.....just post under one alias in these discussions, ok?

Neenisti · May 14, 2011

I see Baron has turned loose the ignorant "page view generator gang". Revenue must be down. You can always tell, the flamers with IQ's lower than 70 come out of the wood work.

Lucrum · May 14, 2011

Quote from jack hershey:

Bla Bla Bla...

I didn't know you were still around. I thought you died of old age.

Frits · May 14, 2011

Quote from lornz:

I apologize, I meant to say "Frits' favorite site". There you and your ilk can condemn TA after failing to find the holy grail in some snake oil salesman's system.

Thanks for your apologies lornz, I appreciate them. The site you mentioned being my favourite site is just another one of your assumptions that, unfortunately for you is WRONG AGAIN. Why would it be my favourite site if, like I mentioned before I posted the basics of my trading approach and strategy? They say: "Even an ass will not fall twice in the same quicksand"! But you seem to make a hobby out of it... Sad.

Since you keep persisting in posting useless information, I see no reason to keep the conversation going with you. If you have just a tiny bit of self respect you'll accept your loss and shush. In case you want to have the last word, be my guest.

Trade well.

Shaka

,

Frits

P.s. I agree with you on the "snake oil salesman's system"!

Lornz · May 14, 2011

Quote from Frits:

Thanks for your apologies lornz, I appreciate them. The site you mentioned being my favourite site is just another one of your assumptions that, unfortunately for you is WRONG AGAIN. Why would it be my favourite site if, like I mentioned before I posted the basics of my trading approach and strategy? They say: "Even an ass will not fall twice in the same quicksand"! But you seem to make a hobby out of it... Sad.

Since you keep persisting in posting useless information, I see no reason to keep the conversation going with you. If you have just a tiny bit of self respect you'll accept your loss and shush. In case you want to have the last word, be my guest.

Trade well.

Shaka ,

Frits

P.s. I agree with you on the "snake oil salesman's system"!

Don't take it so hard, Frits. I just wanted to write a polemic post. I'm auditioning as a forum troll. No harm intended.

I just find posts like yours funny. There have been numerous like it before, and there probably will be countless more in the future. I've been trading for 10 years, and I've benefited greatly from various aspects of TA.

That people, like yourself, start threads titled "Technical Analysis = CRAP", is pretty humorous. You blame TA, but it is your lack of understanding of it that is the real problem. Do what you want, if you want to trade lunar cycles, be my guest.

I really don't care either way.

Dalmation · May 14, 2011

Quote from Neenisti:

Yes one of those insiders is so smart he's going to jail for 15 years. That is probably you or one of your peter puffer friends.

Knowing what insiders are doing is illegal? What's wrong with you?

asiaprop · May 15, 2011

lol, I worked for years in Europe and the US, so I find your comment quite condescending. And just to bring you up to the current state of affairs, pretty much every hedge fund, sell side and buy side firm is looking to additionally staff their offices in HK, Singapore, Tokyo, and now slowly starting in Shanghai as well. Guess what, most of those job offers prevent anyone without trading experience in Asia from applying. Guess, there is possibly sufficient talent around to staff such positions. I mentioned on numerous occasions that I am not Asian myself. But I worked here for long enough time to claim that your statement is factually incorrect.

Quote from Neenisti:

There are some of the current algorithms that don't have the same limits of an "expiration date" for their usefullness like typical quant methods you are probably familiar with. None of those were developed in the Hong Kong or Singapore finanacial markets because you don't have many individuals there that are into research or creating something, "new".

asiaprop · May 15, 2011

Vegasoul and its offsprings for one. Then, several prominent banks such as Barclays in Tokyo among others where innovative inflation derivative products were created (ironically in Tokyo which were obviously never needed). Now some very innovative products in the trade finance arena in China are popping up.

Maybe you want to be slightly better informed before making arrogant comments...just my 2cents

Quote from Neenisti:

Please put me in contact with or give me the name of a firm in Hong Kong or Singapore that concentrates on innovative research, quant or otherwise. I just got off SKYPE with an individual from Hong Kong this morning that stated the exact same thing and he is a trader with one of the largest banks in HK. He is constantly complaining that the quants are only interested in trying to rework old material. Last night I talked to a trader with an Australian market maker that said the same thing. Hey, I'm always interested learning that this industry is finally opening up to new ideas, please correct my misconception.

Dalmation · May 15, 2011

Neenisti is very ignorant. I think they are called Internet trolls who hide behind aliases making ridiculous claims and statements. He hangs himself by his own ignorance and doesn't even know it.