Technical Analysis Doesn't Work

[PitchBlack]

Confucious on Knowledge :

Real knowledge is to know the extent of one's ignorance.

To know, is to know that you know nothing. That is the meaning of true knowledge.

When you say something, say what you know. When you don't know something, say you don't know. That is knowledge.

Study the past if you would define the future.


Some people should think about these quotations serioiusly because it could be useful for them. But they probably think it is not meant for them but for the others, as they already know everything.

 

[dalaialama]

Quote from chloride:

Jack when you say that informed trader recognize each other you are right of course

Can you tell me something

can you clarify to all of us

the public trading contest where you lost 20 something percent

why did you do it, did you suddenly decide not to demonstrate your trading

did you have a medical emergency

what happened ????

Started losing and suddenly remembered he had a pressing engagement elsewhere.. left the contest early.. just as well.. minus 26% was flattering compared to him seeing it through to the bitter end

 

[ProfLogic]

Quote from spike500:

Confucious on Knowledge :

Real knowledge is to know the extent of one's ignorance.

To know, is to know that you know nothing. That is the meaning of true knowledge.

When you say something, say what you know. When you don't know something, say you don't know. That is knowledge.

Study the past if you would define the future.


Some people should think about these quotations serioiusly because it could be useful for them. But they probably think it is not meant for them but for the others, as they already know everything.

Bravo.
One of the best posts I've read in some time.

 

[Lamont_C]

Quote from rcanfiel:



That is your concept. There are many who disagree with you, some of which posted earlier in this forum. Labelling some as incorrect and yourself correct purely because you think so dismisses your entire post as interesting to me.

Goodbye

Disagree all you like, but TA existed long before indicators.

See ya.

LC

 

[dalaialama]

Quote from marketsurfer:

yes. man has been trying to predict the future since time began.

with no success, i might add.

surf

Depends on your definition of prediction..

Do I know if the next flip of the coin will be a head or a tail?

No

Do I know if the next 100 flips will roughly be 50 heads and 50 tails?

Yes

Hmmm so I don't really need to know if the next trade will be successful.. thank you probability

 

[ProfLogic]

Quote from Lamont_C:

Disagree all you like, but TA existed long before indicators.

See ya.

LC

Charles H. Dow (1851 - 1902), considered to be the father of Modern Technical Analysis, used only price and began his research in the mid 1800's. Hamilton and Rhea added to and interpreted Dow's work with indicators but the foundation Dow created with grounded in price only.

All analysis begins with price, that is an absolute. We analyze price because we trade, invest or hedge based on price fluctuating, not time or indicators. Some posters on these threads have made comments that focusing on price/volume relationships as they occur in real-time are mystical but what could be more pure. What about pure price, pure volume and real-time quotes are mystical. It is a good thing that common sense, critical thinking and original thought isn't completely lost in today's halls of learning.

 

[Lamont_C]

Quote from marketsurfer:

yes. man has been trying to predict the future since time began.

with no success, i might add.

surf

And yet you continue to claim to be able to do so.

Another inconsistency . . .

LC

 

[marketsurfer]

Quote from ProfLogic:

Charles H. Dow (1851 - 1902), considered to be the father of Modern Technical Analysis, used only price and began his research in the mid 1800's. Hamilton and Rhea added to and interpreted Dow's work with indicators but the foundation Dow created with grounded in price only.

All analysis begins with price, that is an absolute. We analyze price because we trade, invest or hedge based on price fluctuating, not time or indicators. Some posters on these threads have made comments that focusing on price/volume relationships as they occur in real-time are mystical but what could be more pure. What about pure price, pure volume and real-time quotes are mystical. It is a good thing that common sense, critical thinking and original thought isn't completely lost in today's halls of learning.

does the professor believe the markets are the same now as they were in charles dow's days??

 

[marketsurfer]

Quote from Lamont_C:

And yet you continue to claim to be able to do so.

Another inconsistency . . .

LC

my claim is seeking an edge and trying to remain flexible as the ever changing market regimes ebb and flow.

i am not proflogic or uri geller, sorry.

surf

 

[Lamont_C]

Quote from marketsurfer:

my claim is seeking an edge and trying to remain flexible as the ever changing market regimes ebb and flow.

Yes, of course

LC