Technical analysis :useless junk science

Xspurt · Sep 30, 2012

When people ask you what Oilfx "pro" means you tell them the pro part mean you are the Guru and the Master.

You offer a 100% no-loss martingale and 40,000 pips a year, and here you are with you trousers down and a teeny weeny peeper for a sword.

Let's see you show off what you can do

MAKE THE CALL!

oilfxpro · Sep 30, 2012

Quote from cornixforex:

Yes, that's indeed not TA, that's BS.

I patiently waited when you finally say that "grid trading"... Popular misconception which infected probably thousands of noobs on lame amateur forex forums.

Now it's time to open your eyes, Oily, "hedging" is simple delusive rationalization in hopeless tries to avoid accepting a loss. "Hedging" a position in the same market is EXACTLY THE SAME ACTION as CLOSING it, with the only difference being you pay the double spread.

"Hedging" a position in the different forex pair is EXACTLY THE SAME as OPENING a cross pair position, with the only difference you pay the double spread AGAIN.

Until you don't understand it, you have no chance, because you don't understand what your positions in the market really are.

You forgot triple the profits provided by hedged systems , lowest probability of stops getting hit , three times further than single position stops , You won't know how much more profitable and easier it is.Last week 200 pips...................risk lower than t/a trading .....profitability greater.

If only u knew how and the probabilities.

oilfxpro · Sep 30, 2012

Quote from Wide Tailz:

You obviously mistake TA for price pattern recognition. This knowledge comes from the illustrations in common text books. Have you read the writing on the pages?

TA is patterns within patterns, confirmed by multiple time frames and cross referenced with capital flow data & the general liquidity situation across multiple marketz........

Where is the roll eyes smiley.

You can sell all the other b/s why t/a would work , only after clear evidence it does not always work.Traders are betting hard earned cash on delusional images provided by t/a.

Why use t/a which fails and make money by trading ? Just sell snake oil on t/a , it is the only guaranteed way to make money.Game over.

I am not against t/a , but use it with a pinch of salt , as many traders will incur losses as a direct result of solely using technical anylysis.

oilfxpro · Sep 30, 2012

Quote from oraclewizard77:

He's not going to accept your challenged which is why the mods for this thread should send it to chit chat.

Just proof how commercial interest on forums play the game , after clear evidence of t/a failure ..............calls for removing thread .

Some sponsors are selling t/a courses , systems , software etc...can't accept the truth.

I could show you as many t/a set ups which fail , as the ones which succeed , so 50/50 ....no edge.

cornix · Sep 30, 2012

Quote from oilfxpro:

You forgot triple the profits provided by hedged systems , lowest probability of stops getting hit , three times further than single position stops , You won't know how much more profitable and easier it is.Last week 200 pips...................risk lower than t/a trading .....profitability greater.

If only u knew how and the probabilities.

Oh dear... You simply don't understand your own positions, but keep arguing with others about what works and what doesn't.

There is no such thing as a hedge. Forget it. 100% hedge = no position and doesn't make any sense aside from reaping the interest in the case of collar spread, period.

Non-100% hedge = cross market position, period.

You make pips due to primitive averaging down and you will keep doing it, until some day you will be unlucky enough to be heavily on the wrong side and get your ass handed to you.

Please, go to some amateurish forex forums with this crap, it's not even funny to seriously discuss it here.

oilfxpro · Sep 30, 2012

Quote from cornixforex:

Oh dear... You simply don't understand your own positions, but keep arguing with others about what works and what doesn't.

There is no such thing as a hedge. Forget it. 100% hedge = no position and doesn't make any sense aside from reaping the interest in the case of collar spread, period.

Non-100% hedge = cross market position, period.

You make pips due to primitive averaging down and you will keep doing it, until some day you will be unlucky enough to be heavily on the wrong side and get your ass handed to you.

Please, go to some amateurish forex forums with this crap, it's not even funny to seriously discuss it here.

Hedges are removed when probabilities are in favor , this was mentioned earlier.You failed to read it. Go read it again , important things like stops are also mentioned , when hedge is removed stop is put in place.So you have a naked position with a stop after hedge is removed.

It is not as simple.

oilfxpro · Sep 30, 2012

Quote from cornixforex:

There is no such thing as a hedge. Forget it. 100% hedge = no position and doesn't make any sense aside from reaping the interest in the case of collar spread, period.

Non-100% hedge = cross market position, period.

Think why hft is successful and how they use sector hedging trades , think how a broker makes 3* the spread on e/gbp /gbp/usd and euro/usd..................They don't use t/a.

95% of traders get their ass handed to them , using an unreliable science /art which fails regularly , in a negative sum game after spreads and costs.

Jack_Larkin · Sep 30, 2012

Quote from oilfxpro:

You forgot triple the profits provided by hedged systems , lowest probability of stops getting hit , three times further than single position stops , You won't know how much more profitable and easier it is.Last week 200 pips...................risk lower than t/a trading .....profitability greater.

If only u knew how and the probabilities.

oilfxpro · Sep 30, 2012

Quote from Jack_Larkin:

<iframe width="560" height="315" src="http://www.youtube.com/embed/pjvQFtlNQ-M" frameborder="0" allowfullscreen></iframe>

The true figures are around 50% of the time in the direction of market support (avoiding counter trend trades) , less spread and slippage 2 = net 48 % with same target /stop.This is for trending ,t/a based systems.

Hedging systems can do better because market ranges 80 % of the time , trending systems work only 5% of the time.Imagine a hedged system long s and p and russel , short nasdaq,and dow....potentially 80 % of the time you can make.

oilfxpro · Sep 30, 2012

Quote from Xspurt:

You continually mock TA and specifically mock my TA calling it hindsight when I've made over 100 future calls on ET.

You say it's impossible to trade with the tight stops I use.

You give endless stupid examples of what you think TA is.

BUT THERE IS ONE THING MISSING - MAKE A CALL AND PROVE YOU KNOW WHAT YOU ARE TALKING ABOUT!

Now your bluff is called and you're in the Octagon and the door is closed. There is no crying off this time. You wanted this scrap - you got it. It is time to make the call and I'm going to do a full blown TA job immediately on your call.

Let's see where you put these crazy wide stops and how you manage the trade. Let's do a comparison.

According to you, I will have the weak TA hand so you can't lose. You've nothing to fear apart from total exposure. It's time OilfxChicken to put up instead of offering 40,000 pips to noobs.

MAKE THE CALL.

What is wrong with you?Have you blown your accounts using t/a?

http://online.wsj.com/article/SB125996714714577317.html

I only saw one of your calls , and it was correct .