Technical Analysis = CRAP

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Quote from marketsurfer:

1. Do the metrics your charts illustrate drive price? If so, how. If not, why illustrate their measurement?

2. Are you the creator or inventor of "constant volume bars"

3. Since you stated that I lie and told bone ( whom I don't know) that I lied to him--- completely false on both counts--- what's your degree in , what is it, and from where? ( otherwise, I would never question beyond your market acumen claims).

Thanks,
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1. No, they illustrate the oscillations as based strictly on that particular chart's completed volume support & resistance levels. Those oscillations create 100% programmable decisions points and that is all that matters. When you read a book the print doesn't drive the story the content of the story does, so goes my charts.

2. Yes

3. No, you didn't read what I wrote as usual.
I said, "regardless of what lies surf told you". If you didn't PM him then I guess you didn't lie, right? If you didn't PM him then I stand corrected and apologize. Did you PM him?

I'll let one of your PhD Quants or heavy math types evaluate my information. Your questions have been answered previously.
 
Quote from marketsurfer:

Thanks, RCG. You are welcome to attend. Will RCG Girl attend, or no relation?

The fest is held in conjunction with the NYC traders expo so Feb 2012-- I think this year. Details will be out in the fall.

Looking forward to meeting you!

Surf
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I will bring her if she wants to go. She is kinda fascinated with the whole culture, but not a trader herself. I will see you there. Maybe you, I, and Prof can have a few drinks:D
 
Quote from ProfLogic:

1. No, they illustrate the oscillations as based strictly on that particular chart's completed volume support & resistance levels. Those oscillations create 100% programmable decisions points and that is all that matters. When you read a book the print doesn't drive the story the content of the story does, so goes my charts.

2. Yes

3. No, you didn't read what I wrote as usual.
I said, "regardless of what lies surf told you". If you didn't PM him then I guess you didn't lie, right? If you didn't PM him then I stand corrected and apologize. Did you PM him?

I'll let one of your PhD Quants or heavy math types evaluate my information. Your questions have been answered previously.
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From trying to convey theory in my own circle of friends, wave motion is for some reason a difficult concept to grasp. I think Surf is being willfully obtuse, as he is a known former Gann trader and understands wave motion well. I would not take his heckling seriously. He is seeking confrontation out of boredom.

Your chart structure is sound, consistent, with a stable metric.

It is self evident on the chart. Surf is simply anti-TA on all levels, so he will not actually look at the work.

It is one reason why I want to go the Surf fest. He has worked his ass off, and still gets inconsistent results. When I am done with my market demonstration, I will post it here for all to see. Then I will give thanks to my friends in Ohio, Arizona, and New York for making it possible over 11 years of research.
 
Yeah...weird. He says he's had access to the best and brightest yet can't get past the 'hobby' trader stage. I feel for the guy...no wonder he's so cynical.

Quote from RCG Trader:


It is one reason why I want to go the Surf fest. He has worked his ass off, and still gets inconsistent results.
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Quote from Fireplace:

Yeah...weird. He says he's had access to the best and brightest yet can't get past the 'hobby' trader stage. I feel for the guy...no wonder he's so cynical.
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I disagree with the hobby trader moniker, he has been at this too long. Most hobbyists quit after a year or two and go back to work. I just think Surf has some crossed trader wiring that needs to be sorted out. He is gotten into top and bottom picking and is averaging down. Not sure why, but I want to meet the man so we can really talk.
 
He gave himself the moniker the other day.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3215120&highlight=hobby#post3215120

I just don't understand how someone who is so involved in the industry, with access to so many bright minds can't come up with a successful system.......mind boggling.

Quote from RCG Trader:

I disagree with the hobby trader moniker, he has been at this too long. Most hobbyists quit after a year or two and go back to work. I just think Surf has some crossed trader wiring that needs to be sorted out. He is gotten into top and bottom picking and is averaging down. Not sure why, but I want to meet the man so we can really talk.
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Quote from Fireplace:

He gave himself the moniker the other day.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3215120&highlight=hobby#post3215120

I just don't understand why someone who is so involved in the industry, with access to so many bright minds can't come up with a successful system....mind boggling.
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I found professional day trading to be boring an exceedingly one dimensenel. On the other hand, I lov the markets, economics, and finance in practice, philosophy and the cultural interface. I traded options professionally with an edge so powerful ( interexchange arb) that the win rate for nickels and dimes was truly sick. Then that edge vanished. I have sat with HFT shops before that term was in vogue watching their systems rape the chart watchers before they knew what hit them. My friend at Knight showed me level 3 where they pick off retail all day long. Trading with retail access is a hobby for all but th very very elite and frugal. I am neither frugal nor elite therefore activ trading is currently a hobby.

I am well aware that others have edges that I don't. That I couldn't access if I had to. Edge does exist, I have seen it and used it directly. Therefore, I search for these edges to invest in these traders/funds for myself and those with vast capital bases and a penchant for unique niches that provide outsized non correlated returns. This is my business now--

Therefore, when Proflogic and others claim to have these returns, I am immediately interested ---challenging them for evidence. However the evidence provided generally consists of personal jabs, back dated charts, or vague statements/ charts that are then intrepreted after the fact.
 
Quote from marketsurfer:

Thanks for the kind words, RCG.

Surf :)
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You're welcome Surf. I did not know you were a hobbyist. You are persistent, I will give you that. You have allowed your experiences to jade you against chartists. I assure you HFT bots have a certain time frame that they operate on. Move above this level, and they cannot harm you. Get on the micro trends, not the mini-micros, and they cannot reach you for the risk is just too great for them.

Worse, if you calibrate your charts right, you will see where the players will take the price. This is based on price volatility alone, FX does not have volume. Wave form patterns are immensely important, as well knowing that after a certain distance, price should not retrace. This is the point where you place your stop to BE, and put some in the bank. It then becomes a free trade.
 
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