Technical Analysis Doesn't Work

Status
Not open for further replies.
Quote from marketsurfer:

i will not play the spell check game here, but your lack of understanding is palatable. "hedge fund owners" LMAO! there is no such thing as a "hedge fund owner". attorneys, sure most attorneys know nothing about the markets. seriously, so what-- it still looks like you built a good business--that's impressive--regardless.

however, why not post some calls here, put your system on collective2 or whatever, even papertrades are good enough to prove it is what you claim it is??

surf
More...
Attorneys! Now THAT is funny!!!! According to his marketing & seminars, he is looking for farm boys. The less educated the better
 
Quote from ProfLogic:

. My students know that to succeed they MUST validate everything I teach them ON THEIR OWN!
More...

Which is why you refuse to subject your methods to independent verification (Sorry, unless they send you some valuable artwork or money). After all, why prove to the world that you can trade? Perfectly?

Based on what your student wrote, he considers you a thief.
 
Quote from ProfLogic:

Good point and I agree.
As long as the outcome of CASH is not eliminated.
Ratcanfiel needs to put his money where is mouth is for a change.
More...

Yes, it is obvious you are desparate for money. Need to round up some more farmers to milk them for $$$ ???
 
Quote from nitro:

I am glad that you see the value. But what I am saying goes deeper than that. I claim that if you are a vendor, and you know that you have something to offer potential clients, why wouldn't you already be doing this? These things I am suggesting are elementary business documentation of skill and a viable business.

Everyone wants to know things like what are your draw downs, how does it handle risk, how does it bet/manage money, how much money does it need to trade, how scalable is it, what is it's basic premise, what if a plane hits a building - how will your model react, etc etc etc.

EXACTLY!!!!

If you are a businessman, why aren't you doing these things already? Not one person I have come in contact with has wanted anything less, and usually I have to provide even more than I anticipated.

That is why he markets to farmers, I would suppose. Try to find people who might be more trusting and less educated. They might ask fewer hard questions.

As a businessman, why not provide these things with or without rcanfield's challenges? Doing so would not only put rcanfield and the rest of ET in awe, but would probably win you several dozen (hundreds ?) paying customers as well as respect.

Read message 3 on page 160 of this thread. It is a PM from one of Proflogic's former students. THAT is why he is avoiding being tracked. That is why I am trying to force him to prove himself. I intend to beat the Proffy

He is hoping if he puts up big enough money demands, people will run away. He did the same challenge at least once once before on ET.

Proffy, trade or hide. Money is irrelevant to whether or not YOU CAN TRADE!!! I do not want your money. I want your unproven trading claims independently verified, mano a mano.
More...
 
Rcanfiel,
As you are the OP may I humbly ask what is your definition of T.A. working vs not working??

Is it simply outperforming a benchmark??

Is it risk adjusted return,or some method that incorporates the volatility of return??

I am a little confused as to how you view "successful" trading.

Surf(or anyone else),feel free to respond as well...

Tao
 
Quote from taowave:

Rcanfiel,
As you are the OP may I humbly ask what is your definition of T.A. working vs not working??

Is it simply outperforming a benchmark??

Is it risk adjusted return,or some method that incorporates the volatility of return??

I am a little confused as to how you view "successful" trading.

Surf(or anyone else),feel free to respond as well...

Tao
More...


hey tao,

my definition of TA working is a statistically significant edge upon entry, an increase of odds shown via testing that an entry at this time will perform better than a random time entry. anecdotal evidence and hero worship doesnt cut it. im interested in real edges not voodoo or nebulous claims.

surf

ps. please note--- subjective, intuitive TA is not what im addresing, im talking about objective, binary TA in the style of p.logic or j.hershey. these tactics, by their very nature, lend themselves nicely to standard testing procedures, yet for some reason, they ALWAYS fail when tested objectively.
 
Perhaps one of the more interesting observations is that essentially two participants have led the rest of us by the nose for 168 pages thus far in a pseudo debate. Two participants whose trading performance (marketsurfer), or absence of same (rcanfiel), does not suggest that either of them should be holding court on the subject matter. And yet they do. Will this trend continue? ("What trend?")
 
Quote from Thunderdog:

Perhaps one of the more interesting observations is that essentially two participants have led the rest of us by the nose for 168 pages thus far in a pseudo debate. Two participants whose trading performance (marketsurfer), or absence of same (rcanfiel), does not suggest that either of them should be holding court on the subject matter. And yet they do. Will this trend continue? ("What trend?")
More...

do you utilize charts when you trade? are you aware that most hyper succesful pro traders do not per ET's esteemed and highly experienced LESCOR?

http://www.elitetrader.com/vb/showthread.php?s=&postid=1591367#post1591367

surf
 
Status
Not open for further replies.
Back
Top