Tell me how Tech Analysis was supposed to forecast this flash-crash?

crgarcia · Oct 7, 2010

Quote from ProfLogic:

I'm not asking you to prove you can't trade. I've searched your posts and can see that for myself.

You said, "I made 6 figures profit from the market rebound.
Now I'm on cash waiting for another plunge (double dip)."

PROVE IT.

(Which we all know you won't. We all know you will tuck your pick diaper between your legs and run like always but it is fun to watch anyway.)

The proof is in the REAL TIME trades posts.

Quote from Bob111:

in your first post in this thread you specifically mentioned BROKERS.
i did ask you very specific question-can you prove that the BROKERS are pushing TA to their customers.now you start referring to some "BS websites"...

We can start with ET advertiser: Puretick

ProfLogic · Oct 7, 2010

Quote from crgarcia:

The proof is in the REAL TIME trades posts.

That only proves you've called a couple trades. It absolutely doesn't prove your exaggerated statement of wealth and trading prowess.
As predicted . . . you can't provide proof.
Oh
I hear your employer calling you to clean the toilets.

crgarcia · Oct 7, 2010

Quote from ProfLogic:

That only proves you've called a couple trades. It absolutely doesn't prove your exaggerated statement of wealth and trading prowess.
As predicted . . . you can't provide proof.

Nice try, but I'm no fool.
I know brokers are trying to get my real name and address to send a hitman and silence the inconvenient truth: that all frequent traders lose and brokers recommend frequent trading to get more commissions.

Quote from ProfLogic:

Oh
I hear your employer calling you to clean the toilets.

Is that all you have?

(Pretending to) insult me because you can't post real arguments to support frequent trading?

Fireplace · Oct 7, 2010

Garcia, DEFINE 'frequent trading' please

ProfLogic · Oct 7, 2010

Quote from crgarcia:

Nice try, but I'm no fool.
I know brokers are trying to get my real name and address to send a hitman and silence the inconvenient truth: that all frequent traders lose and brokers recommend frequent trading to get more commissions.

You aren't worth the effort.
You aren't relevant.

Bob111 · Oct 7, 2010

I know brokers are trying to get my real name and address to send a hitman and silence the inconvenient truth: that all frequent traders lose and brokers recommend frequent trading to get more commissions.

failed_trad3r · Oct 8, 2010

Quote from gtor514:

What exactly do you mean by technical analysis? That could encompass alot of methods. If your talking about stochs and MACD's - yeah throw that crap away.

However price action clearly shows you wanted to be short into and thru the U.S. session. The fundamentals also were bearish.

I've been following alot of commentary today about the flash crash. It appears that the HFT's were looking for ideal conditions to short. As a trader you should be looking for the same conditions.

I was shorting the euro that day and did well.

but it was pure luck. if technicals tell you to get short and there a unexpected rate cut announcement, which sends market up 5% (100 ES points), what do you do?

Another thread i saw someone get short euro yesterday at 1.40 and gloating about it. I also saw somebody get short euro at 1.36 and got crushed. Euro is now at 1.39. Tell me who won? They both use technical analysis, both use fibonacci.

If you ask me, technical analysis is a self-fulfilling prophecy... of bogus.

krtrader09 · Oct 9, 2010

I personal use price action setups to tip me off to impending market moves. I agree that there really aren't any "secret" technical analysis methods, which is why I try not to use any indicators, I don't think it's necessary at all to accurately read a price chart.

crgarcia · Oct 10, 2010

Quote from Fireplace:

Garcia, DEFINE 'frequent trading' please

Scalping, daytrading, swing trading.

Quote from ProfLogic:

You aren't worth the effort.
You aren't relevant.

So six figures is an unbelievable amount of money to you?
I must stress unbelievable because literally you don't believe somebody could earn that much in the stock market.

Of course. In your (pathetic) little world of shilling for peanuts, and flat broke traders grinding a living.
You must also think that golf and country clubs are fictitious places?

Quote from failed_trad3r:

If you ask me, technical analysis is a self-fulfilling prophecy... of bogus.

Nice to see somene else can see the light.

ProfLogic · Oct 10, 2010

Quote from crgarcia:

So six figures is an unbelievable amount of money to you?
I must stress unbelievable because literally you don't believe somebody could earn that much in the stock market.

Of course. In your (pathetic) little world of shilling for peanuts, and flat broke traders grinding a living.
You must also think that golf and country clubs are fictitious places?

Earning a 6 figure income from trading is more than reasonable in this environment, some earn much more than that . . . you don't earn that though and if you did you would be willing to prove it.

You don't so you can't. Enough said. Teenage weasel.