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Technical Analysis does not work, never did, never will
- Thread starter NoVoodooHere
- Start date
HO LEE FOOK you'r still here!
Truth be told in the time of this little hissy-fit of yours (this evening), this TA-idiot (a-yup that's me) went and did make his-self $3,350USD in one very fortunate very opportunistic daytrade in Hong Kong... And... Not a damn was given about any single little line drawn on a chart, nor a moving average, nor support or resistance. Straight dope cash!
...But I digress, back to the matter at hand, I see more drivel was posted, a quick skim reveals something about a prestigious school haling by the name Kellog's of the cereal clan. Is that the school where you learn about cereal crop agriculture?
Yeah, you learn about cereal crop ag there.
I see you make reference to quantitative finance and I find that rather interesting. Do you know what that is? Do you imagine that there is a class called drawing stupid lines on charts 101 or fibonacci religion 202? What exactly do you think that Quantitative Finance is, as you employ those rather large words? I assure you that your toddler-level "TA" has nothing to do with applied statistics, and encourage you to educate yourself further on the subject.
Good night my beloved pet, sleep tight!
I dont tell you, you cannot make money using something other than TA, because I know there are many ways to skin the cat.
However, why does your limited mind think the opposite about me/us?
You don’t have to be a super genius and trade everything perfectly all the time. It only takes one trade to make your day. One day to make your week. Week to month. Month to year.
You don’t have to know anything about what you’re trading. Yesterday BIDU made a big deal of trading down to 193.30. This is not because of their CEO or their new product or service; this is purely technical.
Wasn’t a great trade, wasn’t an easy trade, but even this shit trade and poorly-drawn line should indicate technical analysis is alive and well and very real.
You don’t have to know anything about what you’re trading. Yesterday BIDU made a big deal of trading down to 193.30. This is not because of their CEO or their new product or service; this is purely technical.
Wasn’t a great trade, wasn’t an easy trade, but even this shit trade and poorly-drawn line should indicate technical analysis is alive and well and very real.
Trading is hard. I don’t know what CL is. But you correctly identified a significant level. You will see a LOT that it breaks the level then runs the other way.
Trying the break is fine and trying the reversal is fine. The trades after are too late imo. At that point, it’s over. The set up was the level. The break didn’t work, the fade might have been ok. I don’t know how to predict which will be right or how to deal with how many times you try one or the other before quitting. To me, that is figuring out how to trade. After the break failed and the reversal happened, it was over and you shouldn’t be entering.
Trying the break is fine and trying the reversal is fine. The trades after are too late imo. At that point, it’s over. The set up was the level. The break didn’t work, the fade might have been ok. I don’t know how to predict which will be right or how to deal with how many times you try one or the other before quitting. To me, that is figuring out how to trade. After the break failed and the reversal happened, it was over and you shouldn’t be entering.
Read the title of this thread.
the secrets are available in a shaolin temple but1st you must become a shaolin priest which takes many years of study and discipline to become one.