Technical analysis :useless junk science

oilfxpro · Sep 17, 2012

Quote from Xspurt:

meanwhile Oily promises 40000 pips a year and a 100% Martingale "system"

https://www.google.co.uk/#hl=en&sug...pw.r_qf.&fp=a779429bbfa0f72f&biw=1680&bih=918

Where is this back test so we can all copy it Oily and be clever like you, standing there with your TA trouser down round your ankles

HURRY UP OILY!

So you want me to hand you a profitable system and all it's details ?How many people hand over their wealth?

cornix · Sep 17, 2012

Quote from oilfxpro:

So you want me to hand you a profitable system and all it's details ?How many people hand over their wealth?

It's not profitable, you are not consistent.

Xspurt · Sep 17, 2012

Quote from oilfxpro:

So you want me to hand you a profitable system and all it's details ?How many people hand over their wealth?

Ah so it's a profitable system now? But it was me who said it was profitable and you who said it was a 10 year loser and you were going to show my ignorance with the back test results

Don't you remember - you're not supposed to be on my side Oily?

So you can't give me the exact set up and back test results of this losing set up because it makes you wealthy - WELL DONE OILY!

So as well as confessing to using TA that you said was junk, you are now using a losing set up to create wealth.

Well thought out Oily

I'm real impressed. You can pull your TA trousers up now

Xspurt · Sep 17, 2012

Quote from oilfxpro:

Those counter trend moves fighting the bulls and bears , are statistically are the most unprofitable trades.I could show you 10 years of back testing to prove your ignorance.You are losing gambler.

http://www.dacharts.com/articles/_22ru**********.htm

Just a reminder of what you said so you can regain your composure

Mysteron · Sep 17, 2012

Quote from Xspurt:

Hang on till I pick myself up after rotflmao

Your opinion versus some others that count...

http://minervini.com/

http://minervini.com/bio.php

I haven't time for more.

Oh, and for talking such rubbish you're on ignore ( multiple alias

Thats no problem for me X, especially as you've been recognised as the 2nd most verbose poster of twaddle on ths site. JH is the 1st BTW.

kut2k2 · Sep 17, 2012

Quote from marketsurfer:

Trends don't even exist in the stock market. They can't be measured, they can't be quantifiably defined

This is hilarious. The same academics you hide behind when claiming they have "proved" that TA doesn't work have no trouble whatever believing in trends. There's even an academic definition of trend.

So the questions for you, surf, are (1) Can you even find the academic definition of trend?, and (2) Assuming you find it, can you take it apart to support your audacious claim that trends are mythological?

Not holding my breath on this one.

oilfxpro · Sep 22, 2012

Quote from Xspurt:

So as well as confessing to using TA that you said was junk, you are now using a losing set up to create wealth.

Set ups fail , support gets broken , resistance gets broken, trend lines break , indicators lag , trends breakdown , reversals break down ,false moves here and there.................that is junk science...........................and your existence here is living proof.

There is no firm or fixed science . just junk.

Xspurt · Sep 22, 2012

Quote from oilfxpro:

Set ups fail , support gets broken , resistance gets broken, trend lines break , indicators lag , trends breakdown , reversals break down ,false moves here and there.................that is junk science...........................and your existence here is living proof. There is no firm or fixed science . just junk.

Ah glad you're back Oily. We were just saying how much we miss your delusional ramblings.

I thought you'd blown a fuse last time when you came over to my point of view

jamespond · Sep 22, 2012

Thx for posting a chart.

The eurusd had a rather volatile session on Friday which was a real gift. It's something we should actually be thankful for

I'm not going to debate on your trendline drawing skills, it makes me actually a bit dizzy. I think it's good practise to remove trendlines that are not ok from your chart. It keeps the charts clean. But I understand for the sake of the exercise that you left everything on this chart.

Another matter is the bottom stochastic. If you look from ~9:30 to ~19:30 on your chart, you'll see that it makes a couple of very nice almost perfect sinus-like up and down swings. Just trading the stochastic cross in that area would have made you many pips.
So really, it's all in front of you. But you seem to not (want to) see the forest through the trees.

Oh, and btw, I notice the "test version" of your charting software expires at the end of the year. Better hurry up with polishing those charting skills.

Gr,
JP

cornix · Sep 22, 2012

Quote from oilfxpro:

Set ups fail , support gets broken , resistance gets broken, trend lines break , indicators lag , trends breakdown , reversals break down ,false moves here and there.................that is junk science...........................and your existence here is living proof. There is no firm or fixed science . just junk.

Do you understand probabilities? Is probability theory a junk science?

You're obviously stuck in the past centuries... Newton physics, "fixed" science as you say, is far not the cutting edge of the science anymore, not even speaking of whole reality itself.

Technical analysis :useless junk science

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