The best traders in ET

[GloriaBrown]

Quote from CalVolibrator:

yeah and Tudor Jones paid a fortune to have his cheesy video and other statements disappear from the surface of the earth due to embarrassment (obviously to no avail). You really come up with more and more obscure examples to defend yourself. It almost appears bizarre.

All I said having link to prove their creditability, where is yours? Both of my PHD Carol and Jones cases are good examples with authority, I don't see your arguments even have an link or serious challenging point at all.

For PHD Carol head and shoulder paper, so you think she should backtest every single data in all history and make sure she has a way to perfectly predict the future? What she did in the paper has statistical significance and New York Reserve Bank approved that to let her release the paper.

For Jones case, no one in the world can understand what you are talking about. Prove what you said with link or whatever, don't just spam.

 

[Laissez Faire]

Marty Schwartz used technical analysis and I believe he was very successful as a trader, no?

 

[sheda]

P.S.: When I say TA, I mean each and EVERY last one of the indicators included in ANY retail software application you can think of

http://dc654.2shared.com/download/3WPo7db-/OVTI.JPG?tsid=20130817-103053-fbcb4b32


So you are admitting here that there was no way you could have made money, more money than you lost, with the above chart?

 

[sheda]

What incredible arrogance. They even subscribe to ideas like " being on God's side" and other metaphysical advantages to their claimed market reading abilities. It's all very similar to hearing the corner psychic explain themselves.

Actually its you who says a person must have a "special ability" to read the market every time you need to avoid admitting they are consistent for other reasons.

It takes 18 hours a day of study, don't seek out edge from pros and prop shops---and other strong DIY sentiments show a deep delusion and nearly religious attachment to the hind sight biased falsehoods known as TA.

No, dont. Unless you want to end up like surf, who after decades in the market is as consistent as a chocolate kettle, but hey he has memory's of edges! None of which he is or ever has been able to replicate, otherwise known as use, you know, make money from..

 

[marketsurfer]

Quote from sheda:

Actually its you who says a person must have a "special ability" to read the market every time you need to avoid admitting they are consistent for other reasons.




No, dont. Unless you want to end up like surf, who after decades in the market is as consistent as a chocolate kettle, but hey he has memory's of edges! None of which he is or ever has been able to replicate, otherwise known as use, you know, make money from..

Special ability IF they are telling the truth. There has been zero evidence of consistency over time of anyone on ET who claims to only use TA to make decisions.

 

[rtr1129]

Quote from CalVolibrator:

No, and there are countless academic papers...

Academics. Those who can't. TA is a tool to be used in an art, by an artist. If you try to use a math formula to test a paint brush, it's easy to conclude that paint brushes don't work, despite overwhelming empirical evidence to the contrary. You seem to have already made up your mind though. It's ironic how everything in life, even concrete matters of scientific research, are ultimately based on one's faith.

 

[marketsurfer]

Quote from Laissez Faire:

Marty Schwartz used technical analysis and I believe he was very successful as a trader, no?

Many many years ago--- not to mention picking individual successful traders is selection bias. Just like the astrologer who won the lottery since she picked numbers using astro. This does not mean astro works or makes sense.

Same goes for PTJ-- it was many years ago plus selection bias.

When tested, the vast majority of academic papers find TA doesn't lend any advantage.

The Fed paper is very weak-- it was not published in a peer reviewed journal but rather is an internal research paper. I wouldn't use it as an authority on anything. surf

 

[sheda]

So you are as a trader, admitting to us here and now that you lack the ability to have traded, for a profit, the following stock using nothing but the chart on the given days:


http://dc654.2shared.com/download/3WPo7db-/OVTI.JPG?tsid=20130817-103053-fbcb4b32

And you are admitting you could not consistently trade such minor basic price swings, with the most basic of tools.

Is that correct?

Quote from marketsurfer:

Special ability IF they are telling the truth. There has been zero evidence of consistency over time of anyone on ET who claims to only use TA to make decisions.

 

[marketsurfer]

Quote from rtr1129:

Academics. Those who can't. TA is a tool to be used in an art, by an artist. If you try to use a math formula to test a paint brush, it's easy to conclude that paint brushes don't work, despite overwhelming empirical evidence to the contrary. You seem to have already made up your mind though. It's ironic how everything in life, even concrete matters of scientific research, are ultimately based on one's faith.

I don't disagree on possible subjective value. I'm talking about objective, automated binary decision making based on TA. Testable stuff, not art.

 

[marketsurfer]

Quote from sheda:

So you are as a trader, admitting to us here and now that you lack the ability to have traded, for a profit, the following stock using nothing but the chart on the given days:


http://dc654.2shared.com/download/3WPo7db-/OVTI.JPG?tsid=20130817-103053-fbcb4b32

And you are admitting you could not consistently trade such minor basic price swings, with the most basic of tools.

Is that correct?

No idea, I don't look at charts of the past for any decision making. Hind site is 20/20.

It rained yesterday, are you admitting you didn't get wet? LOL! You peeps are weak.