the politically incorrect truth why TA can't work (for you)

[Brass]

Quote from TheBlackHand:

TA does not provide an edge...

Perhaps it provides more of an angle than an edge.

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[Wide Tailz]

Quote from luckyluciano:

Here is another where I entered on a breakout at around $59.10.

http://stockcharts.com/h-sc/ui?s=PCYC&p=D&yr=0&mn=3&dy=0&id=p59462657555&a=274635918

Is this not a breakout? With a 5% gain a a few short days? After a pullback? Cup and handle formation? After profit taking? After consolidation?

Yeah right, TA is not real! What a joke this topic is! It's being used by millions all over the world everyday. Of course, the 95% rule applies to everything in life even in TA. 95% fail. If it doesn't work for you it's because you are one of the 95% as far as TA is concerned.

Funny you got a piece of this one...... it was on my radar at the bottom of the cup. I don't know why I didn't get it.

It's been so strong after the breakout that I'm considering getting in for the momentum.

-TA user

 

[oilfxpro]

Quote from Xspurt:

In reality, this is one of the best kept secrets that is funny enough, one of the worst kept secrets( if you catch my drift).

reversals have very low profitability statistics.

 

[oilfxpro]

Quote from cornixforex:

Think so? So that's purely retail pikers who cause huge spikes on huge volume in world's top markets when Ben Bernanke speaks?




Good.

Absence of big participants and low volume.

 

[oilfxpro]

Quote from luckyluciano:

So TA offer no edge?
Using the ITP.to chart I posted before, let the naysayers go short for the next 20 trading days and I'll go long. ( I already am )

I am willing to post chart after chart after chart using a trend as my sole edge. I will go with the trend and all the naysayers go against the trend for 20 days. Lets conduct our own real life proof. Since you are sure it's 50/50, I will pick the trending charts.

Do you agree to to the challenge? Should I bother with the effort of posing the charts? Will this work for you? It should be 50/50 after 20 days. Is 5 charts good? I believe I will be show a profit on 5/5, at least 4/5.

Oilfx, and others who claim no edge, what do you say. Let's make this fun.

( of course you are going to use some excuse like we need more than 5 charts. I say bullshit! You can't flip a coin five times and get a 4/5 heads )

Your success is not based on t/a but on your own ability, because if everybody could not make profit from it , then it is not t/a.

 

[Redneck]

Quote from NoDoji:

But, you know, my ring finger is longer than my index finger and that ballerina swings both ways

A neat little to do Ma’am

See if you can get her to swing to and fro – yet never completing a full turn

I can, but only if I center myself first



Which brings me to another thought

Possibly there are traders who get so tensed, keyed up, stressed, whatever – they end up getting mind locked – and can’t register what’s right in front of their face


My proof

Anyone ever look at a chart at the end of the day – clearly see the move – and think wtf didn’t I trade that way

I have…

So I adjusted; now I see it happening…, as its happening

=============================

Aside;

Really its kind of funny when the damn breaks – a flood of things (reading the mkt…, TA…, seeing the moves as they’re happening…, seeing what is likely to happen next…, understanding why) all seem to fall in place at once – least they did for me

That was an eye opener…

==============================

Don’t get me wrong, I still have losing trades – but what the hay, I’m only human

And as I fully acknowledge I hate losing - therein resides yet another mind field I must navigate

(play on words btw; I know it should read mine..., well except for me)

RN

 

[jnbadger]

Quote from GoldenMember:

How many different threads on the same subject must be debated?

..

No shit. It's tiring. The problem is that when someone posts something positive (a real rarity on this board) no one believes it.

I seriously wonder how many potential new guys are turned away from trading because of the constant influx of negative bullshit on elite trader.

 

[oilfxpro]

Quote from jnbadger:

No shit. It's tiring. The problem is that when someone posts something positive (a real rarity on this board) no one believes it.

I seriously wonder how many potential new guys are turned away from trading because of the constant influx of negative bullshit on elite trader.

You must hire a rebuttal team to start positive bs threads on forums , ideal solution is to hire failures and then send them to baby pips , they can return and they can re-register as new pricks and start positive threads.

 

[Xspurt]

Quote from jnbadger:

No shit. It's tiring. The problem is that when someone posts something positive (a real rarity on this board) no one believes it.

I seriously wonder how many potential new guys are turned away from trading because of the constant influx of negative bullshit on elite trader.

Nah not turned away from trading jnbadger, they just go somewhere constructive. Look at the BigMike stats and compare them with ET. We are averaging down here and in terminal decline, but that's how Baron wants it.

A fatal mistake when two trends are in opposition like this and a few more years will show the obvious end results.

 

[siafx]

TA is like a weapon in the hand of a black belt martial artist, or a stick in the hand of a child. With the well trained and highly disciplined martial artist, it is deadly. In the hand of a child, it is nothing.

TA is nothing by itself. But in the right hands, it can be the edge, or it can be the naught. It is both a lamp to the feet of the wise and a stumbling block to the feet of the untrained.