Technical analysis :useless junk science

Quote from oilfxpro:

A rising wedge formation can be costly for t/a junkies.Here re-entry is costing pips or maybe missed trend
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You continually mock TA and specifically mock my TA calling it hindsight when I've made over 100 future calls on ET.

You say it's impossible to trade with the tight stops I use.

You give endless stupid examples of what you think TA is.

BUT THERE IS ONE THING MISSING - MAKE A CALL AND PROVE YOU KNOW WHAT YOU ARE TALKING ABOUT!

Now your bluff is called and you're in the Octagon and the door is closed. There is no crying off this time. You wanted this scrap - you got it. It is time to make the call and I'm going to do a full blown TA job immediately on your call.

Let's see where you put these crazy wide stops and how you manage the trade. Let's do a comparison.

According to you, I will have the weak TA hand so you can't lose. You've nothing to fear apart from total exposure. It's time OilfxChicken to put up instead of offering 40,000 pips to noobs.

MAKE THE CALL.
 
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?
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Here stochastics is trending ...a false signal and price is above support , next it fails and reverses.

Technical anylysis is deceiving and delusional , hence the 95 % club of failures use t/a.
 

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He's not going to accept your challenged which is why the mods for this thread should send it to chit chat.

Quote from Xspurt:

You continually mock TA and specifically mock my TA calling it hindsight when I've made over 100 future calls on ET.

You say it's impossible to trade with the tight stops I use.

You give endless stupid examples of what you think TA is.

BUT THERE IS ONE THING MISSING - MAKE A CALL AND PROVE YOU KNOW WHAT YOU ARE TALKING ABOUT!

Now your bluff is called and you're in the Octagon and the door is closed. There is no crying off this time. You wanted this scrap - you got it. It is time to make the call and I'm going to do a full blown TA job immediately on your call.

Let's see where you put these crazy wide stops and how you manage the trade. Let's do a comparison.

According to you, I will have the weak TA hand so you can't lose. You've nothing to fear apart from total exposure. It's time OilfxChicken to put up instead of offering 40,000 pips to noobs.

MAKE THE CALL.
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Quote from 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.
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I've successfully done this many times. Often a setup where the market does the opposite of what it's "supposed" to do is better than the original setup.

Mentally it can be challenging though, you have to 1) admit you were wrong 2) take a loss 3) jump on, often quickly, in the opposite direction


I have made up for many a loss in this way.
 
TA is like any type of analysis. It not so much the science behind it as much as it is the person interpreting the science. Trading is an art, not a science. We just use scientific tools to help us conduct our artistic activities.
 
Quote from cornixforex:

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.
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Hedged systems use the hedges often using grids and averaging up/down etc .They do not use any p/a t/a , and they just buy and sell releasing hedges as and when probabilities are in favour.
 
Quote from oilfxpro:


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.
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Hope you understand that the ONLY thing ANY EA can be based upon is TA, because ONLY data MT4 provides is PAST PRICES, period.

If you stop deluding yourself and others talking about how "failure of TA" is not TA, then maybe, maybe you will give yourself a chance.
 
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