Technical Analysis Doesn't Work

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SUCCESS is counted sweetest
By those who ne’er succeed.
To comprehend a nectar
Requires sorest need.

Not one of all the purple host 5
Who took the flag to-day
Can tell the definition,
So clear, of victory,

As he, defeated, dying,
On whose forbidden ear 10
The distant strains of triumph
Break, agonized and clear.

Emily Dickinson
 
Quote from jack hershey:

They exceed your upper limits as you posted.
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No one posted "upper limits" Jack - only examples were given. You continuously struggle to read and comprehend posts. Is this how you trade?

You may feel free to "exceed" our requirements, but you seem more like someone trying to weasel away from the spotlight.

So, JOIN US!!!!
 
Quote from Vienna:

My god... don't you ever get tired?

I will gladly pay someone $1000- that's a Stop or 2, IF the person can teach me something new and profitable. (Correction: since your stops are moveable events, this analogy does not apply to you). A Stop or Two is nothing in the long run. If I learn just one thing that makes me avoid one stop or two in the rest of my trading career, the lesson has paid for itself.

And, as a matter of fact, he did (teach me something new and profitable).
That does NOT mean I am an acolyte or a believer... if I had not learned something useful, I would not say so, and I have no interest whatsoever in pushing anybody's seminars. I am learning from Spyder and Jack H. too, and they do not charge one red cent.

On the other hand, I would not go to a seminar with you or your buddy Rcanfiel unless YOU paid ME. Why?
Because you have nothing to impart. You have nothing to impart because you can not trade. Why do I say you can not trade? It is clearly visible from the trades you take. Such are the perils of a journal.

That is the main and important distinction.
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Great. Go back to the ProfLogic threads that were included earlier in my post. That should tell you what many ETers thought about ProfLogic's inability to trade.

THAT is the distinction.
 
Has anyone noticed that Jack has beady little eyes?

member_473862.jpeg


Jack Hershey sporting a pony tail at age 70.. inform your local congressional representative
 
Well, I proposed a trading challenge to ProfLogic (Yes Jack, if you cleaned your glasses, it was me, not the "Prof")

ProfLogic accepted.

I proposed terms.

ProfLogic has disappeared, apparently.

Past comments about his previous claims:

bali_survivor: he was supposed to be starting a trading contest right here on ET but that has been cancelled

vhehn: good luck on that one. the prof is a little hard to pin down. i suspect he likes it that way.

downtickboy: Yea check the other ET thread as linked to above where he claimed he was going to trade for 20 days and post his results after having a drawn out disagreement with marketsurfer on the idea of trends. Prof was the one pushing for this trading contest/exercise and calling marketsurfer out only to back out of it himself after he was the one who set the time fram and start date.

benyls: I dont think professor logic will deliver what he has promised. There is tons of excuses and debate going on over there. Well it is always not easy to post statement, but what is ironical is nobody force him and he himself set the date and he himself mention he will post the statement. I was thinking of joining his class with 2 of my friend but now I will think thrice.


 
Quote from nitro:

SUCCESS is counted sweetest
By those who ne’er succeed.
To comprehend a nectar
Requires sorest need.

Not one of all the purple host 5
Who took the flag to-day
Can tell the definition,
So clear, of victory,

As he, defeated, dying,
On whose forbidden ear 10
The distant strains of triumph
Break, agonized and clear.

Emily Dickinson
More...


are you ok, nitro?

hang in there, man.

surf:eek:
 
Quote from Vienna:

Ok, That says plenty about your aspirations and skill level if you think that 4% or whatever it was (about equal to inflation) is an achievement.

That was obviously not the point. Please reread

My point stands: you have NO qualification whatsoever, as far a I can see.

Well if you think Hershey and Prof can trade, then I guess it confirms it. Jack is weaseling out, again. Prof has plenty of past ET testimonials that he backs out of contests he himself propsoed.

But at one point you tried to hawk a service, and it seems you express aspiration to do so again

Again, reread. Show WHERE I tried to hawk a service. Nothing beyond exploratory work was ever done. As I said, I created machinery for plausible service, but instead used the C2 site for testing some possible trade methods using supp/res.....

"I may do something for a service in the future, but that is my choosing, not others"..

but I have not seen anything that shows me a craft or a skill.

These are your words. This would be similar to my saying "you didn't post broker statements" when you didn't offer to do so.

And I certainly haven't seen signs of YOUR craft or skill. And I certainly didn't ask for yours.

All you have done is- unwittingly- shown that for you, TA does not work.

This is a fabricated idea. I have already posted links to studies, and there are volumes more studies out there that paint TA as mostly a colossal waste of time. Little has surfaced to disprove this since. Are you ready to show the sheer power of TA? Otherwise, stop babbling.

Your Quantum rambling can also, therefore be ignored. However, I am quite familiar with quantum physics, and research on it and quantum computing (eg, qbits, IBM and other institutional efforts) is something I keep up on.

If you want to make points, then first you should try to establish a credible basis before droning on. Little you said above had much meaning, but there were lots of big words. Try Excedrin if it caused head pain...
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Quote from rcanfiel:

Great. Go back to the ProfLogic threads that were included earlier in my post. That should tell you what many ETers thought about ProfLogic's inability to trade.

THAT is the distinction.
More...

So to find out what to think about somebody you check on what "ET ers think about him"? Is that how you arrive at your trading methods?

This, again, fits perfectly. It amazes me often how people behave congruent with type. Consensus instead of research.
Now let me pose you a question: what do you think "many ET ers" think about somebody who had a vendor website -Futures-systems.com- complete with a tragic-comical trading record, then- when confronted with the silliness of it all- claimed this was just a TRIAL balloon (the REAL trading records will be on the future website, right?) but STILL has not shown ability?

So why don't you indulge me- even if many ET ers might think that you are full of it- and let me do it my way (I research) by showing me the track records of your REAL trading systems. You know, the ones with the great returns?

As you said yourself, 'nothing easier than that, just post it on Collective 2"?

On second thought, this is getting boring... and going in circles. Unless you post a really witty or even a relative honest reply, you are going on ignore...
 
in an effort to keep this thread on topic and away from surf, proflogic, JH flames-- allow me to propose some esoteric questions:


Q. why has TA become the method of choice for most retail traders?

A. what could be easier other than simply guessing?


Q. FX dealers give away sophisticated TA software suites--- some even have pro TA people making calls and posting signals for their clients to trade with.


A. NOW, we all KNOW that FXdealers trade against the clients---the only advantage to providing TA tools to the clients ( the enemy ) would be to deceive --- does this makes sense?

Q. Obviously and objectively, in any group of TA people, some see buy signals where others see sell signals in any and every chart movement--otherwise the market would be TA people V everyone else and this isnt the case.

A. TA is purely subjective and those who try to make it objective are doing little more than placing rules on guesses--fooling themselves that its the TA thats 'working' at times.


regards,
surf
 
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