Then you conveniently skipped over all my posts where I make bold claims about quantitative and programming analytical methods and provided step by step instructions how to reproduce results to back up my claims. Whether it be feed handlers or high performant tick data base implementations. When I make claims in chit chats I generally back them up. When I make claims about Jews in finance then I back up the claims equally with facts. When I accuse someone of cheating on their TA based live calls then I also backed it up with hard numbers. Please point out where you are lacking backup and I am happy to deliver.
Technical analysis
- Thread starter Josh Stefaniak
- Start date
Of course you fuck around you just admitted to it. What's the point to make a bet when you cannot back up your bet and provide follow up? You bet with surf so what? What is the point?
Well I just think that all these things you mention are to do with your technique, and you are clearly much smarter than me so I cannot evaluate much of it. But if you show me trades on a chart, if you show a screen capture of your log or P&L, then this could be something all of us could understand. Isn't this what you in fact want from the TA crowd? @romik has posted really nice charts with clear levels that have been defended, which is what I think is key to TA, but you discredit all this, so talking about technique to someone who has his mind made up is pointless.
I think the smartest posters have said that proper TA used in the wrong hands is just as useless as anything else. So why don't we just distill all of this down to the common denominator and see who is making money with whatever they are using.
You and the others who keep replying to him should form a 'Don't reply to volpunter' club.
In 3 days he'll be climbing the walls!! And then you guys can go on with a peaceful discussion.
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It's like claiming a drill or hammer in the right hands assist in trading. Sometimes people just cling on to the wrong tools. I could not care less how much money romik & Co lose ...In effect TA benefits me and market makers because I know precisely where people like romik set their stops. I just find it disingenuous how some newbies are tricked into believing TA has any sort of merit.
Two questions. How profitable are you? And what can you share about your trade methods?
I do not share any of my trading methods other than what I mentioned about my base setup already. And I never made claims about the way I trade. I only hold myself up to claims I make and hold others up to the claims they make. When someone boldly states TA works for them then obviously others have the right to ask such person to back up their claims. Claims without the slightest backup are as valuable as saying nothing at all. Again, I have backed up each of my claims with facts and empirical evidence as well as concrete steps how to implement what I stated in technical and quant threads.
TA as it relates to day trading is more like giving a jackhammer to an 80 pound kid rather than a drill or hammer, especially the vague way many trading teachers sell TA to the vulnerable masses.
TA has potential when combined with other strategies but I have never been able to use it to consistently make money and minimize losses and I think a lot of trading teachers struggle with consistency in the long-term as well, due to the randomness of the markets. That's why they end up working on the side as teachers or going full-time as trading teachers and stop day trading.
TA has potential when combined with other strategies but I have never been able to use it to consistently make money and minimize losses and I think a lot of trading teachers struggle with consistency in the long-term as well, due to the randomness of the markets. That's why they end up working on the side as teachers or going full-time as trading teachers and stop day trading.
I must be missing something here then. You call out other traders for saying their methods are crap, and yet you don't want to share anything about yours? I haven't really followed your posts too much so I'm not familiar with the quant threads you mentioned. I was merely intrigued by your ability to hunt Romik's stops, and was interested in further discussion. Its not a huge surprise to me though that traders have stops just on the other side of important levels. Its very obvious to me when I see huge spikes in volume when price penetrates a level... the trick of course is figuring out what to do about it.
Anyway... I have no interest in taking this any further and just wanted to make sure I understood what you were saying. Is it essentialy...
"TA is crap, it doesn't work, and nobody has shown any proof. My trading methods are superior but I can't/won't divulge anything relating to profits or methods. Its ok for me to be obscure with my methods, but its not ok for the TA crowd to be obscure with their methods/proof because they somehow (for whatever reason) have more of an onus to show this than I do."
Does this sound about right? I don't mean to sound like a dick, but this is seriously what I'm hearing.