The market is not random, but TA does not work

TSGannGalt · Sep 2, 2008

Seriously...

You guys are retarded. All of you who's posted in here trying to prove some useless point = retarded.

You're giving TA a bad name by posting things like this letting people with average intelligence looking at the followers as a bunch of monkeys.

Think about it... replace term TA with any noun out there in the real world...

"Stat. Arb doesn't work"
"Systematic Trading doesn't work"
"Discretionary Trading doesn't work"
"Network doesn't work"
"Computer doesn't work"
"Scissors don't work"
"Ladder doesn't work"
"My iPod doesn't work"
"Coffee doesn't work"
"P*nis doesn't work"
"Crack doesn't work"

Retards.

rawfist · Sep 2, 2008

Quote from Spydertrader:

Every aspiring trader should read (and understand) this most excellent quote. Spot on.

- Spydertrader

Please don't make yourself out to be some kind of expert, you are a pathetic paper trading lackey of Jack Hershey.. you wouldn't know trading from shinola

ProfLogic · Sep 2, 2008

Quote from rawfist:

Please don't make yourself out to be some kind of expert, you are a pathetic paper trading lackey of Jack Hershey.. you wouldn't know trading from shinola

. . . and you know this first hand . . . how?

kiwi_trader · Sep 2, 2008

The true quality of the title's argument is revealed by the number of 2008 poster's supporting it.

They're either old shit stirrers or new dickheads. Perhaps I'm making a mistake by attempting to differentiate.

rawfist · Sep 2, 2008

Quote from kiwi_trader:

The true quality of the title's argument is revealed by the number of 2008 poster's supporting it.

They're either old shit stirrers or new dickheads. Perhaps I'm making a mistake by attempting to differentiate.

No.. your mistake was posting in here and exposing yourself as among their ranks

Buy1Sell2 · Sep 2, 2008

Quote from shark:

Hey. I have been deeply interested in technical analysis for a while, and have spent countless hours trying to find the right combination of indicators to predict the future. However, when you look at it from a legitimate economic standpoint, there is absolutely no reason for technical analysis to work.

The

These posts and threads are typically written and started, by traders who have failed.
--Indicators combined with price and prudent money management is the correct answer.

---------Thank you for your time.---------

LodeRunner · Sep 3, 2008

Quote from OTCkrak:

... it comes back to basic economic theory of supply and demand.. and a theory can't be disproven.

Errr, that's a very odd definition of "theory". The rest of the world defines a scientific theory is something that can ONLY be supported or disproven, never proven. If something can't be disproven (i.e. is not "falsifiable") then it is not a theory.

NihabaAshi · Sep 3, 2008

Quote from crgarcia:

It's the new way to market TA so it can never be proved wrong.

Because it's subjetive, it will never be the fault of PA, it's your fault; you still have to learn it well (and pay for courses, seminars, books, etc.).

The new dogma.

Price action TA was here when Wall Street first started...

Not traditional indicators TA (e.g. RSI).

Therefore, one could state that indicators are the new way to market TA.

It's also the typical route most charting program vendors market their software and data...

You know, all those bells & whistles advertisements about what you get if you use their charting program.

Mark

The Swordsman · Sep 3, 2008

Excellent point Mark!

Quote from NihabaAshi:

Price action TA was here when Wall Street first started...

Not traditional indicators TA (e.g. RSI).

Therefore, one could state that indicators are the new way to market TA.

It's also the typical route most charting program vendors market their software and data...

You know, all those bells & whistles advertisements about what you get if you use their charting program.

Mark

kiwi_trader · Sep 3, 2008

Quote from rawfist:

No.. your mistake was posting in here and exposing yourself as among their ranks

I already knew you were an idiot. But clearly you are not in the old shit stirrer category.

Common practice at ET is to adopt a new nick every month or two and espouse opinions as stupid as yours - hence the old shit stirrers (in new clothes).