Technical Analysis Doesn't Work

Thunderdog · Aug 14, 2007

Quote from marketsurfer:

what are you 12 years old...

It would appear that one of us is. The one who is not owning up to previous comments and who tailors his subsequent arguments retrospectively to deal with annoying contradictory references. Imagine a 12-year old who didn't do his homework, but answers a teacher's questions vaguely in class so that he believes he's giving the impression that he read the assigned reading material. How many people do you think he's fooling? Same slippery personality, different context. You get the picture. Class dismissed. Your homework is to read the following two posts.

Thunderdog · Aug 14, 2007

Quote from marketsurfer:

... i NEVER said that there is no value in subjective TA...

Quote from marketsurfer:

actually, there is no evidence that ANY ta signal increases the odds of success of an entry/exit.

regards, surf

Thunderdog · Aug 14, 2007

Quote from marketsurfer:

...TA is a form of trading of which some forms( objective) can be subjected to testing procedures to determine if the results are any different than random over a statistically relevant time period--the testing indicates no edge...

Quote from marketsurfer:

...TA has dramatic hindsight bias issues, it not objective, is untestable, is undefinable, if anything its an art and can't be quantified...

Spydertrader · Aug 14, 2007

Quote from marketsurfer:

what are you 12 years old, tdog? i NEVER said that there is no value in subjective TA. Testable, objective TA is what can be shown via testing not to offer any edge.

I trade using Price and Volume. Certainly, using such input values qualifies one as using 'TA' for trading in whatever form or definition you prefer.

As one of the few people to whom I have sent a trade execution report, you know that I trade profitably. In addition, other members of this web site have stated they have used the same methods as I (as described in my futures Journal) to trade profitably. Finally, on several occasions you have entered the ET Chat room in an effort to solicit opinions with respect to Market Direction. On each occasion I have answered your request, the market followed the exact direction foretold to you (by me) in advance. On one of those occasions, you acknowledged the very same in this thread.

Now, given that a) you have seen the results of my trading in digital form and those results were profitable, b) you have seen me make live trade 'calls' profitably, c) other (long time and respected members of this web site) individuals have stated they too use these same methods profitably, and finally d) these methods do fall under the heading of 'TA', how is it you can continue this discussion when you know your position to be untenable?

BTW, there is nothing subjective about the methods I use. Everything is binary.

- Spydertrader

Vienna · Aug 14, 2007

Quote from Spydertrader:

Now, given that a) you have seen the results of my trading in digital form and those results were profitable, b) you have seen me make live trade 'calls' profitably, c) other (long time and respected members of this web site) individuals have stated they too use these same methods profitably, and finally d) these methods do fall under the heading of 'TA', how is it you can continue this discussion when you know your position to be untenable?

BTW, there is nothing subjective about the methods I use. Everything is binary.

- Spydertrader [/B]

Now watch the Papersurfer Foxtrott/ Sidestep maneuver:

1. "Apparently, YOU can trade successfully using TA. I am not saying there are no discretionary traders being successfull with TA. But that does not mean that TA shows any objective edge in testing."
or 2. No answer

marketsurfer · Aug 14, 2007

Quote from Spydertrader:

I trade using Price and Volume. Certainly, using such input values qualifies one as using 'TA' for trading in whatever form or definition you prefer.

As one of the few people to whom I have sent a trade execution report, you know that I trade profitably. In addition, other members of this web site have stated they have used the same methods as I (as described in my futures Journal) to trade profitably. Finally, on several occasions you have entered the ET Chat room in an effort to solicit opinions with respect to Market Direction. On each occasion I have answered your request, the market followed the exact direction foretold to you (by me) in advance. On one of those occasions, you acknowledged the very same in this thread.

Now, given that a) you have seen the results of my trading in digital form and those results were profitable, b) you have seen me make live trade 'calls' profitably, c) other (long time and respected members of this web site) individuals have stated they too use these same methods profitably, and finally d) these methods do fall under the heading of 'TA', how is it you can continue this discussion when you know your position to be untenable?

BTW, there is nothing subjective about the methods I use. Everything is binary.

- Spydertrader

yes, i did witness you make several uncanny accurate calls, and yes you did volunteer to visit my office on fifth ave in NYC to demonstrate your system--which is FAR more than many of the so called elite traders ever offered--you have my respect for your fervent belief. SO, let's program your binary system--should be easy to do--- if its what you say, i can intro you to more capital than you can imagine---let's do it!

open minded surf

ps. as a note of clarification, proflogic did offer me free tuition in his class, then i found out it was held in some god forsaken hick town 1000 plus miles away, so i politely declined. prof continues to refuse to show any evidence of a winning,non subjective system.

Thunderdog · Aug 14, 2007

Quote from marketsurfer:

yes, i did witness you make several uncanny accurate calls, and yes you did volunteer to visit my office on fifth ave in NYC to demonstrate your system--which is FAR more than many of the so called elite traders ever offered--you have my respect for your fervent belief. SO, let's program your binary system--should be easy to do--- if its what you say, i can intro you to more capital than you can imagine---let's do it!

open minded surf

ps. as a note of clarification, proflogic did offer me free tuition in his class, then i found out it was held in some god forsaken hick town 1000 plus miles away, so i politely declined. prof continues to refuse to show any evidence of a winning,non subjective system.

*Sigh*

Let it be known by all men present that marketsurfer has offices on 5th Avenue in New York. Let it also be known by all men present that it is incumbent upon you to prove to marketsurfer that your method works at a time and place of marketsurfer's choosing, notably his offices on 5th Avenue in New York. Proflogic made the fatal error of offering to show marketsurfer how his method performs, however, it was not at marketsurfer's offices on 5th Avenue in New York. And since marketsurfer has offices on 5th Avenue in New York, it only follows that any such demonstrable performance should be presented at marketsurfer's offices on 5th Avenue in New York. And in case anyone missed it, marketsurfer has offices on 5th Avenue in New York. So, if you happen to find yourself in New York, do be sure to drop by marketsurfer's offices on 5th Avenue, where he will regale you with tales of all the important men and women he met whom you have only read about. And he will make references to more capital than you could possibly imagine. All this at his offices on 5th Avenue in New York.

marketsurfer · Aug 14, 2007

Quote from Thunderdog:

*Sigh*

Let it be known by all men present that marketsurfer has offices

you really twist things to support your agenda of supporting TA by attacking the heretics---- not gonna work.

a simple CD of the system mailed to my humble abode in bryn mawr will suffice.

surf

opw · Aug 14, 2007

Quote from Thunderdog:

*Sigh*

Let it be known by all men present that marketsurfer has offices on 5th Avenue in New York. Let it also be known by all men present that it is incumbent upon you to prove to marketsurfer that your method works at a time and place of marketsurfer's choosing, notably his offices on 5th Avenue in New York. Proflogic made the fatal error of offering to show marketsurfer how his method performs, however, it was not at marketsurfer's offices on 5th Avenue in New York. And since marketsurfer has offices on 5th Avenue in New York, it only follows that any such demonstrable performance should be presented at marketsurfer's offices on 5th Avenue in New York. And in case anyone missed it, marketsurfer has offices on 5th Avenue in New York. So, if you happen to find yourself in New York, do be sure to drop by marketsurfer's offices on 5th Avenue, where he will regale you with tales of all the important men and women he met whom you have only read about. And he will make references to more capital than you could possibly imagine. All this at his offices on 5th Avenue in New York.

I don't know why but this was VERY funny to me....

Thunderdog · Aug 14, 2007

Quote from marketsurfer:

you really twist things to support your agenda of supporting TA by attacking the heretics---- not gonna work.

a simple CD of the system mailed to my humble abode in bryn mawr will suffice.

surf

I twist things? Did you read your own contradictions on the previous page of this thread, presented to you in easy bite-sized portions for your ease of absorption, digestion and assimilation?