Technical Analysis does not work, never did, never will

[samuel11]

Hi Surf. Lol

I seriously thought about the exact same thing lol

 

[Brook]

Hi,

I have one question. Can we make money if we sell 1 month Straddle after a Crash (lets say 10% crash) ?

It sounds pretty safe strategy... Since we dont expect another crash during the time being (except Volsvagen...)

 

[OddTrader]

(oh dear, I hope I don't get banned)ops:

Thanks for starting this "TA thread of the week"!

 

[i am nobody]

So you suck at TA. Got it.

I can't do it therefore nobody can.

Thanks for confirming that I can.

 

[marketsurfer]

Trading is about probabilities. Yes, with TA - Technical Analysis - one can find an edge that gives you a probable trade that has a better chance of succeeding than failing. Its a business of probabilities not certainties, don't ever forget that.

That's all well and good if it was accurate. Unfortunately, whenever you use the term probabilities it means something that can be quantified exactly-- like the house does when gambling---TA can't be quantified therefore there are no "probabilities" involved. These terms are used in error by vendors who want to make TA appear t be something it is not.

surf

 

[marketsurfer]

Dang...You mean I have to give back the many many thousands I have made over the years using strictly TA methods and options?

The wife ain't gonna like that...

You made the money despite TA, not because of it. Fooled by randomness.

 

[NoVoodooHere]

I can't get a perfect score on the SAT therefore nobody can.

I can't make money trading using fundamentals therefore it doesn't work.

Every time I see your handle it just makes me think of wesuckdicks, but I see now it is actually wtodddid2, must have been a Freudian slip

 

[NoVoodooHere]

Real men do not use technical analysis.

And also, WTF is this "TA" that everybody keeps referring to?

 

[NoVoodooHere]

Trading is about probabilities. Yes, with TA - Technical Analysis - one can find an edge that gives you a probable trade that has a better chance of succeeding than failing. Its a business of probabilities not certainties, don't ever forget that.

Where's a down-vote button when you need one!?!

 

[NoVoodooHere]

I can't get a perfect score on the SAT therefore nobody can.

I can't make money trading using fundamentals therefore it doesn't work.

geez sounds like there's a lot you can't do