Technical analysis :useless junk science

Quote from Xspurt:

Oily, you are the biggest scammer on the Internet. On one hand you claim 40,000 pips a year using TA and here you are on ET bombing the place with TA bashing threads.
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If your t/a was that good ,I would not need to bash it.When you put real money on the line ,and u realize t/a fails most of the time and losses incur , that is time to realize the truth about t/a and to use it with a pinch of salt.

I am proud of the title.:) .Not one scammer has presented evidence against me.

Let us work on using t/a and it's failure , and find alternatives like gambling systems , mechanical price based systems and mathematical systems related to future price movements.
 
Quote from oilfxpro:


Let us work on using t/a and it's failure , and find alternatives like gambling systems , mechanical price based systems and mathematical systems related to future price movements.
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STOP LOOKING FOR HOLY GRAIL, IT DOESN'T EXIST. I'm serious. If you keep this way, you're doomed to do it forever. Better open your eyes and watch to SEE (not "just watch"). All is there on the charts in front of you. Winners see the same charts, but they see what you don't see. :p
 
Quote from cornixforex:

STOP LOOKING FOR HOLY GRAIL, IT DOESN'T EXIST. I'm serious. If you keep this way, you're doomed to do it forever. Better open your eyes and watch to SEE (not "just watch"). All is there on the charts in front of you. Winners see the same charts, but they see what you don't see. :p
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I am not looking for it anymore , have already found it ......I already use very little t/a , but use price combined with a mathematical formula entry /exit for future price activity ,gambling/betting sequences on position sizing to cater for failure of technical anylysis, stop loss stretch formula ,spoofing the 5% entries and a few other tricks ....like a profitable ranging market formula and range to trend conversion of trades.

It takes years of studies to set up the holy grail , which makes 200% a year without compounding.
 
Quote from cornixforex:

STOP LOOKING FOR HOLY GRAIL, IT DOESN'T EXIST. I'm serious. If you keep this way, you're doomed to do it forever. Better open your eyes and watch to SEE (not "just watch"). All is there on the charts in front of you. Winners see the same charts, but they see what you don't see. :p
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This is wrong-- edges exist in all markets, but they are always changing as the market mistress bobs and weaves to stop edges from taking her money for too long....

The charts are an illusion- and only illusitrate the past-- do you really think patterns exist in the future? ---- once you realize this, your journey as a trader will begin. Until you have obtain this understanding, you will be on the wrong path with most everyone else. best wishes, surf
 
Quote from oilfxpro:

I am not looking for it anymore , have already found it ......I already use very little t/a , but use price combined with a mathematical formula
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which is the definition of TA.

So you are saying daytrading using TA is the Holy Grail. :)
 
Quote from oilfxpro:

I am not looking for it anymore , have already found it ......I already use very little t/a , but use price combined with a mathematical formula entry /exit for future price activity ,gambling/betting sequences on position sizing to cater for failure of technical anylysis, stop loss stretch formula ,spoofing the 5% entries and a few other tricks ....like a profitable ranging market formula and range to trend conversion of trades.

It takes years of studies to set up the holy grail , which makes 200% a year without compounding.
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Hmm... Isn't price action = TA? :)

As for gambling/betting techniques, I don't believe money management can give you an edge, it can only optimize (or make things worse) effectiveness of capital usage.

As for mathematical models... good luck, but what makes you think markets can be predicted by math formula, but can't be predicted using TA?
 
Quote from marketsurfer:

This is wrong-- edges exist in all markets, but they are always changing as the market mistress bobs and weaves to stop edges from taking her money for too long....

The charts are an illusion- and only illusitrate the past-- do you really think patterns exist in the future? ---- once you realize this, your journey as a trader will begin. Until you have obtain this understanding, you will be on the wrong path with most everyone else. best wishes, surf
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Well, I didn't say edges don't exist, I said holy grail can't be just "found". Of course "personal" holy grail does exist, but it's in the results of deliberate practice for a long time and not some hidden treasure, which one can dig out and get an instant jackpot.

As for charts, no they are not an illusion, they are the most objective reality of what happens on the markets. And I don't think patterns exist in the future, I know for sure that certain patterns provide an edge in the form of odds of consequence X being higher than odds of consequence Y upon pattern confirmation, because patterns show typical human activity and humans change very slowly, so slowly it can safely be neglected in real life market analysis.
 
Quote from cornixforex:

Hmm... Isn't price action = TA? :)

As for gambling/betting techniques, I don't believe money management can give you an edge, it can only optimize (or make things worse) effectiveness of capital usage.

As for mathematical models... good luck, but what makes you think markets can be predicted by math formula, but can't be predicted using TA?
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T/A is based on historic p/a.

Betting gambling does provide an edge ,only if your betting formula is robust and is practically applicable.Say you have a 50 % hit rate, 50 % of your trades are losses and 50 % are profits , with betting you can design a betting method to eventually be your on higher position sizes than your losing trades.

There is no prediction involved in trading probabilities.
 
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