Technical Analysis = CRAP

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Quote from RCG Trader:

You will in Feb, Surf. I promise. Well, maybe not promise:D
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Fantastic! I truly hope someone can prove me wrong, I would like nothing more.

But like James Randi with his million dollar prize for anyone who will demonstrate the paranormal, I'm afraid it won't happen. But maybe I'm wrong!

I look forward to it.

Surf:)

PS on my way to Montreal to Hotel nelligan--maybe prof can send over a bottle of wine :D
 
Quote from marketsurfer:

TILT !! How is hombre ( an alias ??) doing now?

Baron never requested any such thing of me, are you privy to his conversations? I don't get the "appeal to authority" but its classic amongst the TA cult.

Surf
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You contacted Hombre I didn't. You made the arrangements with Hombre I did. You know for a fact that it isn't me. He's smacked your butt a few times in other threads. Do a search for yourself. Your trying to divert attention from your own faults won't work anymore. I'm not the only one in this forum that sees that.

You are a welsh on your promises and have no integrity.

That is what Baron emailed me and said to me. I guess I'll PM him your comments and tell him you said he lied.

You are now a hypocrite seeing you contacted Baron just recently about comments made. You just can't help yourself can you. Is is pathologic or what?
 
Quote from bone:

Prof, hopefully that is a judgement reserved exclusively for your system, especially since you place such great emphasis on traded volume as a central tenet for its design. If you were painting with a broader brush, there are plenty of effective TA systems that in fact have no use for volume in any context.
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The other point to consider is that what he's done with volume can also be done with price. I've done it and it's great for keeping me out of trades where price appears to be doing something, but actually isn't.
 
Quote from Rodney King:

Wow, the Prof actually said something <i>nice</i> about Surf for once...
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Yeah, I think the guy actually does have a kind heart despite his blustery buckeye exterior and questionable comments about the Welsh.

Have a great weekend, Rod!

Surf
 
Quote from logic_man:

The other point to consider is that what he's done with volume can also be done with price. I've done it and it's great for keeping me out of trades where price appears to be doing something, but actually isn't.
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I kinda maybe do the same thing by using and overlaying several timeframes, and of course I look for confirmation between timeframes. The timeframes are filtered according to the volatility metrics for the instrument of interest - in other words, I don't need all the planets to be in perfect alignment, just the ones that truly matter for the specific target instrument.

I am a Nuclear Engineer by degree with several international patents regarding robotics and radiation shielding - point being, I can digest technical concepts. I have looked at volume from many different aspects, and I cannot find a lasting edge with it. I know Pete Steidelmeyer personally. I know the Market Delta guys here in Chicago.

My conclusion is that the volume analyzers do not understand, nor do they appreciate, the infidelity inherent in their source material. In terms of liquidity takers leaving a tangible footprint in the marketplace, Market Delta is superior because they are taking their source material directly from a trading platform and they are segregating liquidity makers from liquidity takers via execution platform order servers.
 
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