Technical analysis :useless junk science

marketsurfer · Sep 28, 2012

Quote from bigarrow:

I can understand how you use some of your price drivers to trade longer term, what do you use to day trade? Pivots, ACD, tape reading are all TA aren't they, what else is there?

Book reading is not TA-- it's how 90% of HFT works. The book is prior to the tape. surf

Xspurt · Sep 28, 2012

Anyone seen Oily? He's gone all quiet...

Guess he's picking a good EA to call the market with.

kut2k2 · Sep 28, 2012

Quote from Frits:

So much anger, so much frustration...

I'm not angry or frustrated. Delusional much?

Quote from Frits:

I rest my case

You've made no case. You deliberately ignored a valid criticism of your article and tried to change the subject to my so-called "emotional troubles." Very amateurish, and a big FAIL.

Quote from Frits:

I leave you to it to keep arguing about it on this forum, while I spend my time actually trading.

Shaka ,

Frits

So you're now revealed as a hit-and-run cheapshot artist. Figures. Maybe you should have thought about spending your time trading before exposing so many of your shortcomings.

oilfxpro · Sep 28, 2012

Quote from Frits:

So much anger, so much frustration... I wonder, could it be the lack of success in your trading? Maybe you should try something different then TA.

I rest my case and I leave you to it to keep arguing about it on this forum, while I spend my time actually trading.

Shaka ,

Frits

Fuckin idiot

you missed the most important point!

You are busy making money , whilst these clowns are working together on making noob sandwich , you are doing the right thing.Why / Because t/a does not work.

murray t turtle · Sep 28, 2012

Quote from oilfxpro:

Most professors who teach in business schools feel that most technical analysis rules are historic , and are aids for gamblers.Gamblers need a reason to bet , and technical anylysis gives gamblers the reason.

A recent study by finance professors at Massey University in New Zealand examined more than 5,000 technical trading rules to see if they added value. The authors found "no evidence that the profits to the technical trading rules we consider are greater than those that might be expected due to random data variation."

http://www.cbsnews.com/8301-505123_162-37840656/is-technical-analysis-a-waste-of-time/?tag=mwuser

Most of you will give opinions of why t/a works , you can not provide any evidence or studies because technical anylysis can not be tested , it does not always work , all context can not be applied in testing , emotional trading failures due to t/a failure can't be tested , stress and it's negative influences of t/a can't be back tested.WTF. F O S .

Give me 50 opinion posts without evidence ,and start up 10 other threads positive about t/a , that t/a works.

95 % losers in trading probably use t/a to place bets.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=236978

=============
o pro;
Youre exactly right on the ''does not always work'' part;
you have to do the work.If you think TA or moving averages does the work, for you , no wonder........................

You may want to do much more reading on the subject;
even though that would require much more work.LOL

Wisdom is profitable to direct.

Lucrum · Sep 28, 2012

Quote from bigarrow:

I can understand how you use some of your price drivers to trade longer term, what do you use to day trade? Pivots, ACD, tape reading are all TA aren't they, what else is there?

I asked smurf about that in his "journal". He's going to do the simulated trading "COMBINE" using his "drivers", some of which are no more than the equivalent of lagging indicators of whats already happened. No wonder his trading record sucks so bad.

marketsurfer · Sep 28, 2012

Quote from bigarrow:

I can understand how you use some of your price drivers to trade longer term, what do you use to day trade? Pivots, ACD, tape reading are all TA aren't they, what else is there?

Another thing bigarrow, show 5 TA analysts a chart and you will get 6 interpretations of it! surf

cornix · Sep 28, 2012

Quote from marketsurfer:

Another thing bigarrow, show 5 TA analysts a chart and you will get 6 interpretations of it! surf

True... But what's even more amazing, it may turn out all 5 make money.

Xspurt · Sep 29, 2012

Hey Oily, good to see you back.

Now where is your market call that we have all been patiently waiting on? It's gotta be easy for you with all those EA's screaming at the click of a mouse.

Time to move on from your mantra that TA doesn't work to your true persona that YOUR EA's work and make 40,000 pips with the 100% success formula.

Now go on, call the market, there's a good lad.

(I hope your reluctance isn't fear of being found out)

oilfxpro · Sep 29, 2012

Quote from Xspurt:

Hey Oily, good to see you back.

Now where is your market call that we have all been patiently waiting on? It's gotta be easy for you with all those EA's screaming at the click of a mouse.

Time to move on from your mantra that TA doesn't work to your true persona that YOUR EA's work and make 40,000 pips with the 100% success formula.

Now go on, call the market, there's a good lad.

(I hope your reluctance isn't fear of being found out)

Just too busy trading with failed technical anylysis

Technical analysis :useless junk science

Attachments