Technical Analysis does not work, never did, never will
- Thread starter NoVoodooHere
- Start date
(oh dear, I hope I don't get banned)ops:
I consider charting to be part of TA, so unless you using fundamentals or tea leaves or roll of the dice, darts, not much left.
the models can always be wrong.
http://www.investopedia.com/articles/trading/09/quant-strategies.asp
"This is one of the reasons quant funds can fail, as they are based on historical events that may not include future events."
http://www.investopedia.com/articles/trading/09/quant-strategies.asp
"This is one of the reasons quant funds can fail, as they are based on historical events that may not include future events."
All you fortune tellers and palm readers think they have a crystal ball. I luv making you angry! I just pulled out $9420 for mar. Hahahaaha.
TA doesn't account for an endless number of possible market scenarios. It argues in favor of the market repeating often enough while it does exactly the opposite - never repeats.
Actually, here is the punchline:
“This isn’t useful to retail investors given the small fluctuations in returns.” An investor who takes advantage of recent intra-day trends to time his or her daily buying and selling—rather than trading at the same set time each day—could save a cent for every $30 of stock price on average. At certain times of the day these average savings approach three cents for a $30 stock. Given the small magnitudes of these savings compared to the costs involved in executing trades, it would be difficult to profit by trading based solely on these intra-day fluctuations.'
A penny for every $30. A penny. They won an award. For finding a penny.
I'll take my money elsewhere, thanks.
Hmmm--as little as that--Ok
thanks for keeping the light focused on truth
Sorry about delayed response. I trade with a neutral strategy, average down when the trade goes against me. No one can tell the future...
yeah as little as that monthly.