Technical Analysis does not work, never did, never will

NoVoodooHere said:
Can't help that I have a limited mind - I don't pick on you for being a false prophet.
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People like you remind me of my father in law and his views on politics, it's his way or the highway, no open mind.

My father in law is an ahole.
 
NoVoodooHere said:
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!
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It appears that you are again making up your own reality. Apparently, you just assume things and believe that they are true. Please show me where I claim that I use TA. I never said that I use TA. Please feel free to prove me wrong and show me the quote that states otherwise.

Secondly, what do you mean that there isn't a class called fibonacci religion 202? If that is the case, I need to ask for a refund. FYI - I don't use fibonacci in anyway whatsoever.

Also, what exactly do you think that Quantitative Finance is? You first.

Lastly, I may or may not have a super secret crayon that does wonders.
 
WeToddDid2 said:
It appears that you are again making up your own reality. Apparently, you just assume things and believe that they are true. Please show me where I claim that I use TA. I never said that I use TA. Please feel free to prove me wrong and show me the quote that states otherwise.

Secondly, what do you mean that there isn't a class called fibonacci religion 202? If that is the case, I need to ask for a refund. FYI - I don't use fibonacci in anyway whatsoever.

Also, what exactly do you think that Quantitative Finance is? You first.

Lastly, I may or may not have a super secret crayon that does wonders.
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+0.5 kid, if it were not for the rambling at the beginning, I'd say that's a solid post worthy of a trader. Your re-education is coming along brilliantly.
 
Autodidact said:
People like you remind me of my father in law and his views on politics, it's his way or the highway, no open mind.

My father in law is an ahole.
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I wouldn't take this dog and pony show too seriously...these two guys perform this same act every week with the same script...
 
Technical analysis works for me 70% of the time.

Traders and investors are in a very risky business.

Risk management. Traders blow up when they are 90% margin.

Check this Dragon pattern. High Risk = High Reward. == positive correlation between risk and reward.

The back and head with high volume is the breakout == confirmation of dragon or dud?

Confirmation must be fundamental. Reward/Risk is 100:1

http://www.elitetrader.com/et/index.php?threads/dragon-pattern-and-bottom-formation.295655/
 
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It doesn't work for all charts or all stocks.
T.A. works 70% of the time.
You can still make money only right 70% of the time.
Even pros are wrong 33% of the time. in fundamental and technical analysis
Buffet was wrong about investing in lots of investments. and trades.

I don't know anyone who is 100% right all the time.

Check this dragon pattern.

http://www.elitetrader.com/et/index.php?threads/dragon-pattern-and-bottom-formation.295655/
 
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