Technical analysis

[Wingz]

In reference to the OP (thread starter) chart...price data is missing from the chart. I'm just not sure if such was intentional. Simply, if you look at your own chart (not his)...you'll know what happen in the price after the last date shown on that chart.

In other words...go Long for a few days.

Haha! yeah I didn't look at the timeframe :eek: , looking at the chart now I'd still say short at 2026s, market looks likes it's just at previous support point where the chart seems to have spiked up from. I'd need to see it on a ladder to really see what's going on but I imagine there are a few traders defending that level. Last time it was there there were multiple attempts to break it - those guys are probably still lurking around.

 

[wrbtrader]

The real question is why is any trader who uses TA/PA is obligated to come here and prove to anonymous posters with verified statements or repeated chart calls...

Naysayers do not reveal the details of their trade method...TA believers are not obligated to do the same.

Naysayers do not post broker statements with their real-time calls. Some TA believers post real-time calls but no statements while others post statements but not real-time calls. Yet, nobody post statements, real-time calls and the details of their trade method all in the same thread...that includes the naysayers and the TA believers...its not done.

Simply, the naysayers obviously believe they aren't obligated to do the above and the TA believers believe the same although the TA believers easily out pace the naysayers for posting statements or real-time calls.

Most of the naysayers use chart analysis, statistical analysis of data but not technical analysis. Yet, they do not believe chart analysis or statistical analysis falls under technical analysis.Therefore, there's an obvious difference of opinion what is Technical Analysis and what is Chart Analysis and what is Statistical Analysis...a few heavily debated threads on this issue alone.

 

[volpunter]

TRADERS TRADERS TRAAAAAAADERS. BUHAAAAAA. now anyone with Ninja, Multicharts and a 2.5k account can call himself a trader? Ridiculous. Some would call such person a "life career looser".

You should care, because sometimes you insult fellow traders that don't deserve such treatment and as traders themselves, they deserve respect.

It's a brave thing to become one.

 

[volpunter]

Lol, ever thought of the possibility that he is just knocking on the door and it could be the TA crowd's fault not to open. Why nobody among the TA proponents can shut up a loudmouth with a single proof or evidence, empirical or factual to make a point once and for all. Ever thought of that?

After spending 2 years reading so many posts, I do think yours are a bit over the top against the PA/TA crowd. Although I do agree that I don't think you've ever been vulgar, your posts are less than useful. I fully acknowledge that the TA/PA crowd isn't showing nearly enough to make an informed decision about the validity of their method, and I applaud your continued perseverance in pointing this out, but in my opinion, its getting to be too much. Too many good discussions that I have wanted to see continue have stopped because you keep saying the same thing over and over again.

This is after all the TA forum, so the people who are here are more than likely looking for help with TA, not to be told over and over again that it doesn't work or that only verified statements are acceptable. You had even said that you were warned to stop, and yet you haven't.

The thing is that you clearly are a nice guy, and very passionate about your cause, but I do wish you would stop derailing some of these threads. At the same time, I do also wish that some of the experts would step up to the plate and amaze us with some better data. At the moment, we've got Eddiemora and Schizo doing some great calls, but even great charts with trades taken would be a nice addition. Far too many people just talk and talk and talk about TA/PA and don't actually show a chart or a trade.

So I'm with you about how all of this might look hindsight and all that stuff if more isn't shown, but honestly, if you were banned from posting in this forum at least, we could probably get more accomplished. Perhaps post all you want in the education resources forum. I think there its really good to have a strong presence of people demanding more proof and I would welcome your objections there, but anytime someone wants to have a thread about Techincal Analysis, you show up and derail it.

 

[Autodidact]

Lol, ever thought of the possibility that he is just knocking on the door and it could be the TA crowd's fault not to open. Why nobody among the TA proponents can shut up a loudmouth with a single proof or evidence, empirical or factual to make a point once and for all. Ever thought of that?

I bet him, any amount he desired, that my TA would beat his PD signal regarding the Dow this year, he chose to only bet $500.00.

He will lose that bet, that would be direct evidence of success.

 

[volpunter]

This perfectly reflects the lack of rigor, artistic mumbo jumbo, and Alice in Wonderland thought process I attach to TA.

So let me ask you then an even simpler question: why does today the 50 day SMA matter, tomorrow the 24 day EMA and the day after the 55 day WMA? Certainly there must be a reason for that... other than hindsight curve fitting right?

Although I don't use market profile, it shows price points where traders are actually buying and selling with very high volume. For a simple strategy, one trader might short at each of these points and then add contracts at each higher point until he make a profit, decides to take a loss, or gets a margin call.

A 5 min bar matters more than a 4.7 min bar since most in most charts you can create a 5 min bar and not a 4.7 min bar. This is easy to verify if you took the time to use any of the free chart programs.

Most people will use time and not volume since it's easier in most charts to display time. Again, for those that use market profile you can in fact display volume and have no need of time since its a volume based chart and many technical traders do use it to make their trades.

 

[volpunter]

...Maybe because people who make bold claims are asked to back up their claims with evidence? At least that's how it works in my corner of the earth.

The real question is why is any trader who uses TA/PA is obligated to come here and prove to anonymous posters with verified statements or repeated chart calls. I know of no trader worth anything who wants to waste time doing that. I certainly can spend a few moments posting a chat but to post charts and trades to prove to a bunch of anonymous internet posters about something that will neither add or subtract to the bottom line is a colossal waste of time. Which explains what those who post so frequently on this topic are doing...

I have had long-term success working Heikin Ashi charts into my analysis but will I make more money if I prove to the smurfettes that it works when applied as a tool for analysis rather than a black box system? not really... In fact whether I make money on it or not, affects none of you but many of you certainly waste plenty of time during trading hours trying to convince the other.

One side demands proof and traders demand to know how someone who belittles TA/PA can actually trade since without price charts or price information or even fundamentals, you are basically just guessing even more so than everyone else. Bottom line is everyone uses a tool that is simply less than 50% effective all the time so the tool has nothing to do with their success.

I cannot believe all of you have this much free time....

 

[volpunter]

Did you setup a thread with live calls? Or just BS talk?

I bet him, any amount he desired, that my TA would beat his PD signal regarding the Dow this year, he chose to only bet $500.00.

He will lose that bet, that would be direct evidence of success.

 

[k p]

Lol, ever thought of the possibility that he is just knocking on the door and it could be the TA crowd's fault not to open. Why nobody among the TA proponents can shut up a loudmouth with a single proof or evidence, empirical or factual to make a point once and for all. Ever thought of that?

Yes, I have thought of that, and it is a huge gaping hole that I would love to see filled. But I also know that there is no benefit to the trader who shares all, so sometimes we just have to be happy with whatever is shared, and see if we can somehow piece it together.

I've been noticing your posts lately are quite vulgar and you have attacked many people, and yet, you don't show anything about your trading, so whatever you're doing is just as hollow as what you claim of the PA/TA crowd. If you're willing to show more than they are, I might have some respect for you, but unfortunately, all you're doing lately is "kicking and screaming" with zero substance.

 

[Autodidact]

Did you setup a thread with live calls? Or just BS talk?

Just BS talk, I don't work for anyone except my family.

However, if you ever want to bet against me, we can arrange it somehow, I don't fuck around, not when it comes to trading.