Quote from OddTrader:
The basic flaws in TA?
Perhaps the basic flaws in TA would be probably we don't know what are the basic flaws in TA, if any.
I had copied this thread at the point where there was one more post after yours.
Over the 116 page print out I didn't run into anything beyond the scope and bounds of the TA stuff I understand thoroughly and use on an excellent level.
I highlited the more important misperceptions that posters made in the thread. On three levels of importance of misperception there were respectively 42, 18 and 10 "stupid TA facts". After these 70, there are many many more than this in total.
This thread was one way of talking about TA as a personified thing, meaning that TA is a personal construct that is a "what", "how", "why" and even for some a "when". The body of TA is actually a people oriented thing and, mostly, were it to be used for something of value, the "making money" part might show up in the picture.
Personally, I've never had a period in my life when there wasn't a public demo going on for using TA to make money over the last nearly 50 years.
I am not surprised easily, but this thread certainly has omitted salient discussion of most of the highly valuable aspects of what a person's TA misconceptions can do to instill perceptions of "flaws" in TA.
TA has four distinct independent applications: Monitoring, analysis, decision making and timely action taking.
The thread certainly is not about what TA is really (by announced intention); not a discussion of how persons rid themselves of stupid TA facts; not a discussion of being able to percieve of other's misconceptions and, finally, not a discussion of "knowing how to know". So it is very superficial and of little value. If anyone thinks that it has much value for personal use, they are mistaken.
Idirectly, the thread does go quite far to prove quite thoroughly that it is impossible to build on stupid facts and the conventional misunderstandings that abound in ET.
