The best traders in ET
- Thread starter GloriaBrown
- Start date
if it was on price then it must be TA by definition? What a dumb argument, then stat arb is also TA because trading decisions are made as a function of price right? And what trading programs and blocks? All TA because they peruse DMA algos which in turn rely on price right
Sorry but I am not inclined to carry on with this nonsensical discussion any longer. May the TA gods be with you.
Sorry but I am not inclined to carry on with this nonsensical discussion any longer. May the TA gods be with you.
No, we are not discussing options, don't try and weasel out by playing the angry card.
The quote and everything else is about TA.
Options only came in because you said I'd gone quiet, I told you I was busy because of OpEx and you ASSumed I was trading options expiries. So, wrong there and I was rubbing it in.
No, we are just discussing TA, don't run away bubba.
Again, what about you listing momentum as not part of TA?
Again, if vol is a price derivative, why is it not part of the TA arsenal?
You another one of those clowns who learns for 1 year, does the same thing for 13 years and then claims 13 years experience. With your closed mind why am I not surprised?
I recall marketsurfer distinguishing between using TA to gauge the market which was a valid method according to him as separate from some other type of TA, whatever that is.
Failure to realize that the indicators are quite simply other forms to display the price as with most indicators the only input is, you guessed it, PRICE. Sounds like to him the indicators and trend lines are something mystical, he attaches labels to it and puts it all into a separate category, wrongly so.
The only meaningful input I use for trading is price and it works.
Failure to realize that the indicators are quite simply other forms to display the price as with most indicators the only input is, you guessed it, PRICE. Sounds like to him the indicators and trend lines are something mystical, he attaches labels to it and puts it all into a separate category, wrongly so.
The only meaningful input I use for trading is price and it works.
Thank you, that is indeed why I want to know what exactly is being discussed.
When someone has a particular slant on what TA is, which does not match the broad definition, it becomes difficult to resolve anything.
Why is it that the big loud negative Nellies on this site can't answer a simple question?
I wasn't trying to start an argument or make a claim about anything.
The point of my question to you was that if you automated a consistently profitable trading system based on the technical analysis of price action, you can carry on a debate with Surf who claims that it's absolutely impossible to make money consistently using a set of objective rules based on the technical analysis of price action.
why does anyone really care what someone else makes? I never understood that, self esteem issues maybe. If I made a couple million trading, Bill Gates does the same by breathing in and out on interest alone. Einstein was truly a genius cause its all relative.
The answer to your question is yes!!
Arguing about whether a method works or doesn't is rather useless. If you're not a profitable trader, investigate various methods of trading, apply the concepts in a simulated environment, and if it works for you, trade it.
The simple technical price action concepts promoted by snake oil salesmen such as myself are available for the cost of your time or a couple positively-reviewed books. If you know how to plug values into a spreadsheet and evaluate the results, you can find out in about a month whether a concept has potential or not.
The simple technical price action concepts promoted by snake oil salesmen such as myself are available for the cost of your time or a couple positively-reviewed books. If you know how to plug values into a spreadsheet and evaluate the results, you can find out in about a month whether a concept has potential or not.
