Technical Analysis = CRAP

Status
Not open for further replies.
Quote from kut2k2:

Because you've personally tested every possible objective-TA-based strategy there is, right? :D Or are you hoping to goad somebody into just handing you their successful objective TA strategy, just to shut you up?

Tell you what. You PROVE that objective TA doesn't work under any circumstances and I'll become one of your greatest praisers. But I hope you have something better than Aronson's myopic approach to the problem.
More...

Not personally, but I'm associated with folks who have tested most everything in a rigerous fashion. I have had several conversations and meals with Aronson-- he is a good guy.

Unfortunately, it's impossible to prove a negative. The burden of proof is on those who claim success, your leader Proflogic will be sending me his program to test-- I'll report back the findings.

Surf
 
Quote from marketsurfer:

:D

Actually Mav owes me a favor for access granted a couple of years ago :D

I'll look over the thread and comment later.


Surf
More...

I doubt that, on both counts.
 
Quote from marketsurfer:

Not personally, but I'm associated with folks who have tested most everything in a rigerous fashion. I have had several conversations and meals with Aronson-- he is a good guy.

Surf
More...
Most everything in the public domain, you mean. There's stuff in the private domain you have no idea about. Nobody knows everything there is to know about objective TA. And I'm sure Aronson is a great guy; that doesn't mean his analysis isn't flawed.
 
Quote from kut2k2:

Most everything in the public domain, you mean. There's stuff in the private domain you have no idea about. Nobody knows everything there is to know about objective TA. And I'm sure Aronson is a great guy, that doesn't mean his analysis isn't flawed.
More...

Sure, secret recipes may exist. There may also be
savants and wizards that do quite well with intuitive type TA. I have no beef with that---

Yes, everything I have seen. I can't speak for stuff I haven't seen. However, it's common sense that the future can't be divined from the past and by definition TA only maps the past.

Are there inter market relationships that can be used over a longer term period effectively--yes. But this isn't objective chart reading intraday like the prof and fireplace claim.

I mean just look at those charts posted earlier-- the guy never misses a turn. Seriously, how can this be supported?

Surf
 
I like how you hedged yourself with the word 'most' :D

Even still I highly doubt that given the vast number of combinations that exist.

Quote from marketsurfer:

Not personally, but I'm associated with folks who have tested most everything in a rigerous fashion.

Surf
More...
 
As a public service, here's the content of Jack's file -- turns out it's a MSFT Word doc, though missing the extension --

<i>The 8 basic rules for annotating and doing analysis to stay in the market all the time and take the full market’s offer. (Note there is NO predicting nor betting nor stops required.)

1. Annotate using a parallelogram.

2. Trade from FTT to FTT of the trading parallelogram.

3. Use hold/reversal trading.

4. Use a green bookmark at each FTT.

5. If a bookmark is violated, then reverse and hold until the new FTT.

6. If an internal (there are 10 cases, only) bridges or straddles the RTL, then fan the RTL.

7. Accelerate the RTL on VE’s of the LTL.

8. On VE’s the FTT will show up after M1 and M2 sub-fractals when VE closes in the zone between the old and new LTL. Otherwise, if the close is NOT in the described zone, reverse on the VE close and use the VE as the new point 1 (See step 1 above) of next parallelogram.</i>
 
Quote from Rodney King:

Looking at the sheet -- quick question -- how to tell what expiry month of CL is being traded? I see only a price, "78.38" or whatever, for each transaction. Thanks.
More...

We trade the front month untill the next month's volume exceeds that of the front month. then we automatically roll to the higher volume month.

Attached is my favorite Crude resolution chart to trade.
 

Attachments

Quote from ProfLogic:

front month untill the next month's volume exceeds that of the front month. then we automatically roll to the higher volume month.
More...

Right, but someone reading your sheet can't check the trades because you don't indicate the expiry month. Why not include a column with, say, "CLQ" for each transaction?
 
Status
Not open for further replies.
Back
Top