Technical analysis :useless junk science

[oilfxpro]

Quote from Xspurt:

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?

You miss the point .Many calls will be incorrect as nobody can predict the future , and there is random distribution of profits and losses.

There is also random distribution of profits and losses using t/a set ups , in fact a simple 30 pip price move in either direction will produce results as good as t/a.T/A has no edge.So some of the t/a working is only make believe illusion , to please the hearts of gamblers and t/a junkies.


The only EAS that worked are not based on t/a , t/a produced very few inconsistent results , because past price action history does not repeat itself.

Hope you understand.

 

[R. Raskolnikov]

This is a joke right? If not, keep digging!!

Quote from oilfxpro:

because past price action history does not repeat itself.

 

[blnbr]

If everyone thinks that Technical Analysis is useful, then it would become useless. I am glad to see a post like this

 

[Xspurt]

Quote from oilfxpro:

[B bla, bla, bla...

The only EAS that worked are not based on t/a , t/a produced very few inconsistent results , because past price action history does not repeat itself.

Hope you understand. [/B]

I understand you don't understand trading, but ok surf has these great non-TA EA's and he calls the market.

I use TA and I call the market - care to show me where I was wrong?

But more to the point, time for your squirming excues is up. You say you have EA's better than TA, then call the market.

I am confident in what I do. I stick my neck out and make the calls. Surf makes his calls. Now it is time to put up or shut up. Either you know what you are doing and have confidence in it or you are scamming.

MAKE THE CALL

 

[oilfxpro]

Quote from colonial dr:

oilfxpro, why dont you spend your time doing something else

Just to make your weekend ...........a failed ascending triangle

 

[oilfxpro]

This is for xpurt


Just to make your weekend ...........a failed ascending triangle

 

[Xspurt]

Quote from oilfxpro:

Just to make your weekend ...........a failed ascending triangle

Let me make this a dead cert for you to win. TA is junk - can't work - right? You got nothing to fear from TA - correct? You're trying to prove it here - let's go all the way...

You make the call and I'll post an immediate real TA analysis of it and I'll make the call and we'll see which makes the $'s.

If you're so sure TA is junk you'll win hands down. Surf says I make lucky guesses. Let's see if my luck runs out.

Now back up your certainty or back down like a chicken.

 

[Xspurt]

Quote from Xspurt:

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?

 

[R. Raskolnikov]

You've never heard of reversing at an inflection point if a setup, such as this one, fails? A small initial loss can turn into a huge gain.

You have a lot to learn my friend.

Quote from oilfxpro:

Just to make your weekend ...........a failed ascending triangle

 

[oilfxpro]

A rising wedge formation can be costly for t/a junkies.Here re-entry is costing pips or maybe missed trend