Technical Analysis Doesn't Work

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Quote from ProfLogic:

RCANFIEL EXPOSED!

rcanfiel is the own of this website...

http://www.futures-systems.com

The above link will take you to his personal track record that shows his method is not profitable.

http://www.collective2.com/cgi-perl...stemid=15923627

Further, as a system designer, he started a thread here at ET and tried to market his method via posting direct links to the Futures-Systems.com website. I'm not that ignorant.

Magna (moderator) found out about it and deleted the info along with posting a warning message in his thread.

Soon afterwards, rcanfiel started posting message after message in a rage about how TA doesn't work.

His hypocrisy doesn't end there.

Prior to the TA Doesn't Work rants...he's on record at ET to state specifically that trendlines and s/r levels are valuable TA tools.

Later, after someone discovered his quote...he tried to back track by saying he doesn't use the stuff but think there's some value.

Recently, he started posting in the following thread and you can read the interactions with him, trying and pin him that he's interested in TA.

Just wanted you to know what this guy (system designer) is all about...

A simulator trader that uses TA but he's too embarrassed to admit he uses TA and that's the reason why he's running around ET claiming stuff like trendlines, s/r levels, market seasonal patterns are not TA.

If they were TA...that would punch a huge hole in his theory that TA Doesn't Work.

That and his Website that charges for something you can see for yourself doesn't work. No wonder he's pissed at the world.

Shoe Fly . . . go lay your maggots somewhere else.
More...

BWAAAHAHAHAHAAAAAA !!!

Thanks, ProfLogic, this post made my day. :D

I should've guessed some little bitch claiming to be a genius ("IQ of 158") couldn't make even 4% gain in 2 years.

11 name changes! ROTFLMAO

ET is funnier than any comedy club I've ever been to. :D :D
 
<img src="http://www.collective2.com/images/charts/equitychart15923627.png"/>


Futures-Systems.com:

-- publishes market open-to-close signals (Long, Short or No Trade). Market conditions might prompt a pre-open signal, stoplosses or profit targets. Signals are useful for stock indexes (S&P, Nasdaq, Dow, ...). This may assist your trading decisions with:

o futures (such as emini NQ, ES, ...)
o mutual funds (such as Vanguard/Fidelity stock funds)
o ETFs (such as QQQQs, SPYders, DIAmonds, ...)
o Options (such as OEX, etc.)
o leveraged funds (such as Rydex/ProFunds/Potomac-Direxxion)
o as a general guide for your stock trading.



Statistics are for combined open and closed positions. If open positions are included, results calculations may be delayed by several hours.


Realism Factor 94.2
Trades 244
Profitable 119
Losses 125
Win % 48.8%
APD Ratio 0.05

Correlation w/ S&P -0.073
Cumu $ $3,824
after typical commission $339
Avg Win $901
Avg Loss $827
Profit Factor 1.0:1
P/L per unit $13.02
after typical commission $10.52
Avg Trade Length 1.1 days
Compound Annual % 2% over 722 days
Sharpe Ratio -0.154
Max Drawdown 20.63% (20061012 to 20061221)
Risk of 20% account loss 0.9%
Risk of 50% account loss 0.0%
Risk of 100% account loss 0.0%
 
Quote from ProfLogic:

RCANFIEL EXPOSED!

rcanfiel is the own of this website...
More...


So you sat, looking through old posts to try and find something interesting? How many minutes did that take you, since this was recent stuff?

This was all hashed out in an ET thread, publicly viewable by all. Nothing is "EXPOSED."

As I said before, since you cannot defend yourself, all you can do is distract.

I would be more than happy to compete with you one on one in a competition. Perhaps you would care to put up all your hot air on the line.
 
Does this thread make sense!??!?

Did anyone ask himself this???

What the hell does the work "WORK" in the thread's title means?

This is abstract and any REAL trader that is profitable should refuse to read and get involved in this crap....

Who started this thread is imature and should be ashamed of himself. Man, you should know better!
 
Quote from alex.samant:

Does this thread make sense!??!?

Did anyone ask himself this???

What the hell does the work "WORK" in the thread's title means?

This is abstract and any REAL trader that is profitable should refuse to read and get involved in this crap....

Who started this thread is imature and should be ashamed of himself. Man, you should know better!
More...

The number of ridiculous threads is going up every day.

And the funniest thing of all is that these threads attract each time the same people (or should i say idiots).

Can Baron make a separate part where al the idiots can try to kill their free time without annoying others?

The quality of ET is going down steadily since a few years. Sometimes it looks like this is a subdivision of Raging Bull.
The only difference is that at Raging Bull you expect this kind of nonsense.
 
I used to read ET regularly some time ago, but now, i access it once a week, read a thread like this one and shut the whole thing down.

It seems as though everyone is talking negative things, why this, why that, when 90% of the discussions don't really have a coherent direction .... It's just some idiot waking up one day, feeling strongly about something, posting his thoughts and then 90 other guys dissing him or getting into a fight....

ET needs moderation... really.
 
Quote from alex.samant:

Does this thread make sense!??!? Did anyone ask himself this???
What the hell does the work "WORK" in the thread's title means? This is abstract and any REAL trader that is profitable should refuse to read and get involved in this crap....

For "WORK" read the OP : "This is a thread dedicated to the principle that Technical Analysis (by and large) has little to no value. It is contended that people continue to learn, sell, promote or believe in technical analysis, contrary to the many studies that continually demonstrate little to no special predictive value from TA indicators or chart patterns [also including Fibonacci levels, Elliott Wave, Gann, and probably Volume.]"

Who started this thread is imature and should be ashamed of himself. Man, you should know better!

The subject is closer to what ET is for, then many threads. This strikes at the heart of what trading is about. In other words, why do so many people cling to mostly useless trading methods? Your assertion acts like people are not allowed to challenge widely held beliefs. If you do not agree, then disprove the OP. Otherwise, read other threads. So far, this one has been relative correct.
More...
 
Let me see if I have this straight..

"We" are engaged in a 122 page debate on technical analaysis working or not with some shmuck who has a CAR of 2% and a Sharpe of -.154??

Perhaps we should change the thread to

"Does technical analysis work,or do I simply suck as a trader"

Yes and Yes...

Thread closed


Quote from Option_Attack:

<img src="http://www.collective2.com/images/charts/equitychart15923627.png"/>


Futures-Systems.com:

-- publishes market open-to-close signals (Long, Short or No Trade). Market conditions might prompt a pre-open signal, stoplosses or profit targets. Signals are useful for stock indexes (S&P, Nasdaq, Dow, ...). This may assist your trading decisions with:

o futures (such as emini NQ, ES, ...)
o mutual funds (such as Vanguard/Fidelity stock funds)
o ETFs (such as QQQQs, SPYders, DIAmonds, ...)
o Options (such as OEX, etc.)
o leveraged funds (such as Rydex/ProFunds/Potomac-Direxxion)
o as a general guide for your stock trading.



Statistics are for combined open and closed positions. If open positions are included, results calculations may be delayed by several hours.


Realism Factor 94.2
Trades 244
Profitable 119
Losses 125
Win % 48.8%
APD Ratio 0.05

Correlation w/ S&P -0.073
Cumu $ $3,824
after typical commission $339
Avg Win $901
Avg Loss $827
Profit Factor 1.0:1
P/L per unit $13.02
after typical commission $10.52
Avg Trade Length 1.1 days
Compound Annual % 2% over 722 days
Sharpe Ratio -0.154
Max Drawdown 20.63% (20061012 to 20061221)
Risk of 20% account loss 0.9%
Risk of 50% account loss 0.0%
Risk of 100% account loss 0.0%
More...
 
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