Technical Analysis = CRAP

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He deals the cards as a meditation
And those he plays never suspect
He doesn't play for the money he wins
He doesn't play for respect
He deals the cards to find the answer
The sacred geometry of chance
The hidden law of probable outcome
The numbers lead a dance
 
Why does it even matter? There is almost no chance of you being able to trade his system or my system or anyone else's daytrading proprietary TA system. That's the whole point, each persons method of viewing and trading the mkt will be slightly to greatly different from one another. Unless someone specifically sits you down, for some time, and explains each detail to you, there is no way for you to be able to take advantage of the trading opportunities these systems provide. And that goes for everyone, not just you. I'm not singling you out as incapable of doing it. It's just the nature of proprietary systems.

What I don't understand is if you are happy being a hobby trader because you find active trading boring in some respects, why do you care so much about what others are doing? You should be happy with your place here and leave it at that.





Quote from marketsurfer:




Therefore, when Proflogic and others claim to have these returns, I am immediately interested
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Quote from Fireplace:

Unless someone specifically sits you down, for some time, and explains each detail to you, there is no way for you to be able to take advantage of the trading opportunities these systems provide. And that goes for everyone, not just you. I'm not singling you out as incapable of doing it. It's just the nature of proprietary systems.
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Bingo ! Winner winner chicken dinner. The most honest and lucid statement made in this entire Godforesaken thread.
 
Quote from RCG Trader:

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.
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Glad I could help RCG.
 
Quote from marketsurfer:

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.
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I don't claim specific returns I claim to be able to consistently pick winning trades from reading a chart. A big difference you can't seem to understand and greatly take offense to. Even when I offer to show you how it is done so you can verify it on your own.

My personal jabs are a just a response to ones thrown by you first. A childish response yes but I haven't yet mastered absorbing mud slung in my direction without defending myself to it.

Even when I post charts in real time and call trades in real time you can't acknowledge their existence and ignore them. You always revert back to your, "back dated charts" rant that is ignorant.

I've never made a "vague" statement in my life about what I do. I've always bent over backward to explain to you or anyone that asks, in as much detail as I can, how my charts are constructed and what my decision making process is. There are threads in this forum that detail every aspect of what I do and many have used them to improve on their own trading. This is one of the reasons I have no problem calling you a liar when you make statements like this.

I repeat, you mentioned in your journal that you were done posting till July so you could concentrate on your upcoming wedding. Please, for once, do what you say you are going to do and go try to make Anna happy. Maybe you will return with a better attitude.
 
Quote from RCG Trader:

He deals the cards as a meditation
And those he plays never suspect
He doesn't play for the money he wins
He doesn't play for respect
He deals the cards to find the answer
The sacred geometry of chance
The hidden law of probable outcome
The numbers lead a dance
More...

that's strange.
I actually learnt to play this on guitar yesterday, lol :cool:

TA = Crap? I hope not, as i'm fresh out of ideas as to what else to use to day trade. I've tried practically everything!
Been trading on and off for quite a long time. Sometimes I think i have something' with my TA/technical approach, and then I get weeks like this week where most of my trades get stopped out.
 
Don't worry, it's not crap at all. The people who claim it is are either failed traders or hobby traders, neither of which is worth listening to about the validity of TA. They couldn't make it work so they ASSume that it's not worthwhile.

If you focus on creating an approach to trading that fits your personality, and use the vast tools that are out there to view the mkts, you MAY find and create your own personal concoction. If you do that, you will be able to see threads like this and chuckle to yourself.

Good luck Eddie :)

Quote from Eddiemorra:



TA = Crap? I hope not
More...
 
Quote from Fireplace:

Why does it even matter? There is almost no chance of you being able to trade his system or my system or anyone else's daytrading proprietary TA system. That's the whole point, each persons method of viewing and trading the mkt will be slightly to greatly different from one another. Unless someone specifically sits you down, for some time, and explains each detail to you, there is no way for you to be able to take advantage of the trading opportunities these systems provide. And that goes for everyone, not just you. I'm not singling you out as incapable of doing it. It's just the nature of proprietary systems.

What I don't understand is if you are happy being a hobby trader because you find active trading boring in some respects, why do you care so much about what others are doing? You should be happy with your place here and leave it at that.
More...


I see you didn't even read my post. I am in the business of investing in edges therefore unique claims pique my interest.

In addition, I completely disagree with your and bones view of trading objective systems that can be programmed---as Proflogic claims again and again about his system--- there is no human element in a programmed system. Subjective systems that take intuition, I agree with you. Objective TA, like we are talking about in this thread, can be traded by computer. I bet on the horse not the jockey.... There are simply too many variables in a subjective TA system ( which I suspect the Profs is, despite the rhetoric) fo it to interest me.

Surf
 
Quote from Eddiemorra:

that's strange.
I actually learnt to play this on guitar yesterday, lol :cool:

TA = Crap? I hope not, as i'm fresh out of ideas as to what else to use to day trade. I've tried practically everything!
Been trading on and off for quite a long time. Sometimes I think i have something' with my TA/technical approach, and then I get weeks like this week where most of my trades get stopped out.
More...

Read winner take all by Gallacher, practical speculation by niederhoffer, trade like a hedge fund by altucher, and how markets really work by Connors. For actionable value added ideas. Don't listen to unknown aliases with pie in the sky claims , 750.00 training manuals, but nary a shred of evidence.

You will see the folly of TA and it cult like following who view it as a religion despite major evidence and common sense against it's value (for the most part) on the far right edge of the chart.

If not, prepare for more of the same.

OR

Join a prop firm where you can be taught edges working now in the market by folks doing it daily. Ever wonder why FOREX dealers who profit from your losses push TA with entire educational departments for free WHILE prop firms who profit from your profits do not?

There is only one answer.
 
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