Technical analysis :useless junk science

Quote from cornixforex:

Despite you seem to draw trendlines and levels nearly randomly, there are some great trades on your charts... The reason you missed them is not in the TA, it's between your ears. :D
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It's truly amazing that the examples he uses that are on one hand loaded with great TA signals that Oily is blind to and on the other hand full of lines in the wrong places.

Oily is compiling a very valuable cringe worthy encyclopedia of how NOT to do TA.

He's like the guy who sets up a restaurant, buys all the ingredients and wonders why the food doesn't become a recipe.

Random lines at wrong swing points are no nearer to TA than strands of pasta are to spaghetti bolognese.

This is the biggest reason why 95% of traders fail and Oily is walking us though example after example.

Funny nonetheless.:D
 
Quote from oilfxpro:

Quote from cornixforex:

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

Is this hypocrisy?Are you deluded about 5 different ways of drawing trend lines?
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Nope. There are different ways and there are wrong ways, quite simple. :)
 
Quote from Xspurt:

It's truly amazing that the examples he uses that are on one hand loaded with great TA signals that Oily is blind to and on the other hand full of lines in the wrong places.

Oily is compiling a very valuable cringe worthy encyclopedia of how NOT to do TA.

He's like the guy who sets up a restaurant, buys all the ingredients and wonders why the food doesn't become a recipe.

Random lines at wrong swing points are no nearer to TA than strands of pasta are to spaghetti bolognese.

This is the biggest reason why 95% of traders fail and Oily is walking us though example after example.

Funny nonetheless.:D
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Yea, textbook example of how tools are not enough... skill makes the master, not the tools.
 
Quote from cornixforex:

Yea, textbook example of how tools are not enough... skill makes the master, not the tools.
More...

They give you 50 indicators for free , and a load of software to bet on currency horses .The indicators change from up and down , and tell traders when to buy , are they all wrong .............considering 95 % fail using this junk.
 
Quote from Xspurt:

It's truly amazing that the examples he uses that are on one hand loaded with great TA signals that Oily is blind to and on the other hand full of lines in the wrong places.

Oily is compiling a very valuable cringe worthy encyclopedia of how NOT to do TA.

He's like the guy who sets up a restaurant, buys all the ingredients and wonders why the food doesn't become a recipe.

Random lines at wrong swing points are no nearer to TA than strands of pasta are to spaghetti bolognese.

This is the biggest reason why 95% of traders fail and Oily is walking us though example after example.

Funny nonetheless.:D
More...

You can't take the failure of t/a when you are in a position , and it fails horribly and frequently .THAT IS WHY i WANT TO BECOME A MENTOR.
 
Quote from oilfxpro:

They give you 50 indicators for free , and a load of software to bet on currency horses .The indicators change from up and down , and tell traders when to buy , are they all wrong .............considering 95 % fail using this junk.
More...

Trying to work this out on your own... if you learned to master just one indicator in a year, that would be amazing.

But trying to learn an indicator without learning advanced PA and TA is honestly a complete waste of time.

I am trying to help you here and not attempting to stick a finger in your eye so to speak. Working with EA's is fun, but it is so far removed from building the real skills necessary to trade with TA that it can wreck you.

Your TA is self destructive. It isn't even BabyPips entry level. Your use of indicators is hopeless. Putting it together is a total mess: it is absolute junk.

I don't know if you are just obstinate or unable to understand or unwilling to go to square one and really pay your dues in constructive learning, but you sure do seem to be stuck in a rut.

I stared with EA's and I could have called the market. However I discovered it wasn't a very reliable way to go about trading and there is no shortcut. Perhaps one day you too will realize that.
 
Quote from cornixforex:

Nope. There are different ways and there are wrong ways, quite simple. :)
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I developed and tested a hedged trading method , it is profitable and works in random , ranging and trending markets.One method which works in all markets.
 
Quote from oilfxpro:

They give you 50 indicators for free , and a load of software to bet on currency horses .The indicators change from up and down , and tell traders when to buy , are they all wrong .............considering 95 % fail using this junk.
More...

Any tool is junk in wrong hands.... give AK-47 or any other assault rifle to the monkey and you better hide ASAP. Does it mean weapons are junk tools? :D

Moral: WORK, Oily, WORK, don't rationalize that you work hard already, if there is no result it means you don't work hard enough, period. There is no such thing as free lunch in the real world. :)
 
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