Technical Analysis Doesn't Work

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Quote from kiwi_trader:

I won't enumerate my degrees.

But I agree that it doesn't need many words to describe you - one's enough "for those who exhibit both ignorance and arrogance." Wanker.
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Agreed 100%.
ET only seems to attract people with arrogance and very insecure Egos such as Mr. Canfiel.
 
Quote from rcanfiel:

It is called buy the dip, sell the rally. Fib retracements have been tested as no more useful than other retracement levels.
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Really now?
Says who???

Yet another statement offered as FACT by Mr. Canfiel.
Yet, he once again shows how hypocritical he is by not substantiating his claim with anything other than his opinion.

How absurd.
 
Quote from ProfLogic:

Do you plan on answering my questions based on your accusations?
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do you plan on providing any proof outside of your claims of success?

collective2 is waiting for you to post the system. why are you hesitating?

surf
 
gann was somewhat of a mystic and is completely t/a based on price and time. i use a psychological technical indicator that i constructed and is not available in any charting or analytics software. psychology is not accepted as a natural science in many circles. trading is far from science. esoteric t/a is an attempt to make it scientific. there are many forms of t/a.

Quote from marketsurfer:

ok.

TA consists of price/volume---no matter how you mix, slice it, dice it or crunch it. secret rules, the future of TA--thats all mumbo jumbo, unlike medicine, TA has two basic components. these other things are best left to mystics and the pseudo scientific like et's own proflogic.

EBTA was the first full book to look at the subject in a true scientific manner--- its a great book, however this does not mean I agree with DA 100%.

best,

surf
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Quote from Landis82:

Really now?
Says who???

Yet another statement offered as FACT by Mr. Canfiel.
Yet, he once again shows how hypocritical he is by not substantiating his claim with anything other than his opinion.

How absurd.
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You have never substantiated anything, except for retorts and weak appeals to PTJ, so that not a surprising comment, coming from you. If you must, the evidence was in this thread:

http://elitetrader.com/vb/showthrea...87&perpage=6&highlight=fib level&pagenumber=1

However, I already know your response even when evidence is put in front of you. A sticking out of the tongue and diving into fine print to look for a weasel clause.

But your own evidence will be never coming, so I don't give a whoopee what you think, honestly.
 
Hey folks.

I find it hard to believe that you folks are willing to have any kind of dialogue with Rcanfiel...I put him on ignore a while back.

An ET member who is a licensed medical professional has suggested that Rcanfiel displays the symptoms of a person who has a problem called "Cognitive Dissonance". I am ignorant about this subject and am reading about it now..

http://en.wikipedia.org/wiki/Cognitive_dissonance

Frankly I just thought the guy was a class A asshole but apparently there is more to it than that.

I find him a much more sympathetic character now that I know he has a psychological disability. The gentleman who suggested it tells me that this is a growing problem and that he sees it much more often now that the internet exists. I need to give this a little bit of thought, but I think we should give sick people a little bit of a break, don't you?

Steve
 
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