Technical Analysis = CRAP
- Thread starter Frits
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Quote from Fireplace:
PA is a form of TA, IMO.
Looks like Trader28 has joined in on the fray!
Awww Gawd!
It must have been the J-word. I swear that works better than BeetleJuice for some folks around here
This said by an Aussie who has created literally 100's of alias to cyberstalk an old man before ET put the clamps on ya!
Well, okay. Whatever you say
Quote from ajvickery:
Clamps? Well I can't be T28 then can I?
And yeah it has been fun showing up Jack, Proflosses and Firey as the losers they are.. it's so hard to resist when I see them talking about being profitable.. after I wipe the coffee off my monitor I am compelled to introduce them to reality
Be careful now dontcha get banned again. You really should let this obsession of your go. It's been years, and it cannot possibly be healthy.
ET's new algo has definitely slowed you down, no doubt about it. So why don't you consider yourself a rehabbed member of society and let's talk about some TA, shall we?
Quote from ajvickery:
Ha ha.. I haven't been banned for a single day.. I've even talked to you and you thought I was such a nice guy
Did you really think they ban my real accounts.. these are just for fun
Gabriel, you are Insane.
Huh? Program trading has nothing to do with HFT. In fact, by understanding fair value, program trading actually can provide an edge to day traders. See my interview with Howard Camp for more info. Surf
Quote from RCG Trader:
Okay, fair enuf.
1. Some of your knowledge base comes from legendary trader PTJ. Losers average losers. Why do you average down? All backtested sims that I am aware indicate that sooner or later, you are going to blow up. mpressive database of trades you have left on this site. Why is this?
3. Why do you attempt to pick exact tops and bottoms, when research that I have seen indicates that this also not the best idea statistically?
BTW, surf, I like you as a person, anybody that listens to Coast cannot be all bad
But you seem to speak heavily of quantifiable edges and even if you found one, you could still blow it up using controversial money management techs. I would like you to clarify these three things for myself and the hundreds of lurkers that I know we have to this debate.
1. I'll ask him next time we get a chance to chat, but You are basing your belief about PTJ from that one picture taken in the 1980's with that post it note above his head? I thought that was photoshopped or he was making a joke about losers. I average in with a plan. I don't believe anyone can time the market perfectly based on the information available to retail. Therefore, averaging into a position allows a wider margin of error than going all in immediately. You won't blow up as long as it's controlled under your own position sizing and money management guidelines.
2. I am evolving as a trader and each of my steps in getting better need to be looked at separately.
3. Fading extreme moves is a way to pick tops and bottoms. Combined with staggered entries, is a proven edge by over 15 years and thousands of trades. What's the difference between guessing that a run in one direction will continue or that it will end? I believe betting against stretched limits makes more sense.
Surf
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