Technical analysis :useless junk science
- Thread starter oilfxpro
- Start date
Quote from cornixforex:
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?
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.
Trending methods lose in choppy markets , scalpers get scalped , ranging systems fail in trending markets ...........................
No, you can't otherwise you would already do it rather than talk about it.
And remember brother Oily, failure of TA setup is TA setup... and a failed failure is a setup too.
So whenever you base your trading on "TA failure" you still trade TA. No other way for you, but to learn TA (correct TA, relevant to today's markets, not some crap you think is TA).
Any EA by definition will always be based on TA.
Quote from cornixforex:
No, you can't otherwise you would already do it rather than talk about it.
And remember brother Oily, failure of TA setup is TA setup... and a failed failure is a setup too.
Failure of technical anylysis is accepted , that it has no edge over mechanical systems without using t/a.
You seem to not even realize that any system, mechanical or not, which is based on price action is TA. And any EA is by definition based on price action, because forex market simply doesn't have any other data available, at least not on the MT4 platform.
That's what Xspurt is trying to explain: you haven't even started the journey to learn what TA is, not even speaking of having solid information about if it "works" or not.
Is this continual diversion a cover for you throwing the towel in and admitting with all your advertising, you have not one scrap to offer - you can't make even one EA call? It's just all scam and hype?
You want to offer 40,000 pips a year to the noobs but you refuse to stick your neck out... once... and make a call?? And you know they will get financially whacked on that but the gamblers will come back looking for another EA that is "better".
And here you are sanctimoniously pontificating about what works and what doesn't, but you have no balls to back it up with a market call?
You just want to tell everyone you know what works and what doesn't, and get splashed all over Google offering outrageous performances, but when the rubber meets the road you want to talk about everything under the sun but making a call.
You want to sound good. You want to look good. But when it comes to making a call, suddenly you become a two-bit circus performer - aren't you?
Call or Chicken - which will it be?
oilfxpro, why dont you spend your time doing something else