the basic flaws in TA
- Thread starter marketsurfer
- Start date
But that is the beauty of a symmetrical triangle! It doesn't matter which direction it breaks out, although it is more likely to do so in the major direction which has been down...
The trick was to be ready (prediction) and act (reaction) when it happened. here I am refering to another thread where it was asked if prediction or reaction is the first...
There is only one guy that fell into a still bigger trap. He's called Jack.
ascending triangle
I personally was trading YM long last Friday because of the inverted head and shoulder set up.
I personally was trading YM long last Friday because of the inverted head and shoulder set up.
Are there really "BASIC" flaws in TA, or is it just the user?
In the longer run i think we all will agree that the fundamentals will be confirmed, basic supply and demand rules in the end.
So if the fundamentals are needed to confirm the trend then what is used in the short term to recognize the trend? What tells you a turn is happening before the fundamentals are confirmed?
Do the technicals support the fundamentals? How would you develop a disciplined and consistent approach to a speculative game without technicals?.....Beats me for sure.
How would you know what to look for?
How would you know when you were wrong? After your bride flew the coop?
How would you sit in a trade of dead money as the mkt just went sideways?
Without technicals would you just be like a dog of Pavlov? If you were a pavlov dog you would let the mkt condition you. You know you can not condition the mkt. The only thing in the game that can be conditioned is YOU.
In the longer run i think we all will agree that the fundamentals will be confirmed, basic supply and demand rules in the end.
So if the fundamentals are needed to confirm the trend then what is used in the short term to recognize the trend? What tells you a turn is happening before the fundamentals are confirmed?
Do the technicals support the fundamentals? How would you develop a disciplined and consistent approach to a speculative game without technicals?.....Beats me for sure.
How would you know what to look for?
How would you know when you were wrong? After your bride flew the coop?
How would you sit in a trade of dead money as the mkt just went sideways?
Without technicals would you just be like a dog of Pavlov? If you were a pavlov dog you would let the mkt condition you. You know you can not condition the mkt. The only thing in the game that can be conditioned is YOU.
Check this out:
Somewhere in a post someone (i do not mean to pick on anyone, it might sound like that but it is not the intention)....anyway some bozo....
said that if a system was "OUT THERE", i assume he means if it was in print. The system would be nullified because it was "OUT THERE".
The fear of it being out there is a fallacy, even a detriment to your own winning. I believe that if someone "FEARS" it being out there, then the question that must be answered is: What is it that is out there? Is it the "HOLY GRAIL", is it the secret of the mkt, is it something only you could conceive of because you are a brain? Come on, clue me in, What is it? is it an ego trip, a figment of your imagination? Do you even know what it is? O, i get it, it is your ticket to ride....
But, seriously now, lets be honest with ourselves, surely we all want to crack the safe, thats the goal, untold riches. But here is a fact of being a trader: There are no secrets at all.
To become a well paid neurosurgeon, that is no secret, a be a top notch lawyer, that is not a secret. How about to become a rocket scientist, a mathematician, a card shark, a nurse, a geologist. Those are all good professions for sure, how about an astro physics person?
The point is quite simple: It is already "OUT THERE", it is for the taking. The same for all the professions listed above, do you have what it takes to become one? Do not think you must discover it, just pretend you can do any of the above, it is "OUT THERE" if you got the right stuff.
Best wishes.....
Somewhere in a post someone (i do not mean to pick on anyone, it might sound like that but it is not the intention)....anyway some bozo....
said that if a system was "OUT THERE", i assume he means if it was in print. The system would be nullified because it was "OUT THERE".The fear of it being out there is a fallacy, even a detriment to your own winning. I believe that if someone "FEARS" it being out there, then the question that must be answered is: What is it that is out there? Is it the "HOLY GRAIL", is it the secret of the mkt, is it something only you could conceive of because you are a brain? Come on, clue me in, What is it? is it an ego trip, a figment of your imagination? Do you even know what it is? O, i get it, it is your ticket to ride....
But, seriously now, lets be honest with ourselves, surely we all want to crack the safe, thats the goal, untold riches. But here is a fact of being a trader: There are no secrets at all.
To become a well paid neurosurgeon, that is no secret, a be a top notch lawyer, that is not a secret. How about to become a rocket scientist, a mathematician, a card shark, a nurse, a geologist. Those are all good professions for sure, how about an astro physics person?
The point is quite simple: It is already "OUT THERE", it is for the taking. The same for all the professions listed above, do you have what it takes to become one? Do not think you must discover it, just pretend you can do any of the above, it is "OUT THERE" if you got the right stuff.
Best wishes.....