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

oilfxpro · Aug 20, 2012

Quote from marketsurfer:

We are marketers for several funds. Correct, I look for other people's edges that work.

surf

Interesting biased debates and multiple threads with marketeers of funds ,technical anylysis courses ,signals , software etc

GoldenMember · Aug 20, 2012

Quote from R. Raskolnikov:

Ok, so you have a vested interest in learning someone's system. I see, now this all makes a bit more sense.

+1

Not a troll in the ET sense of the word, merely trolling to exploit other peoples ideas and most likely present as his own...

+1 on ignore, no desire to feed the "Fish"

marketsurfer · Aug 20, 2012

Quote from GoldenMember:

+1

Not a troll in the ET sense of the word, merely trolling to exploit other peoples ideas and most likely present as his own...

+1 on ignore, no desire to feed the "Fish"

I would love to find an ET trader/ fund with a real edge. We all would make money--- no need to "knock off" someone's edge -- most of the stuff we invest in cant be replicated easily.

oilfxpro · Aug 20, 2012

Quote from GoldenMember:

+1

Not a troll in the ET sense of the word, merely trolling to exploit other peoples ideas and most likely present as his own...

+1 on ignore, no desire to feed the "Fish"

Fishing for noobs and idiots can be very profitable.

First ignore on E T FOR ME +1

dom993 · Aug 20, 2012

Quote from marketsurfer:

This is where the "god" complex comes into play with the TA wonks.

I know the secret type claims are classic in the psuedoscience literature.

The premise that any past action, price, volume can increase the odds of a future move is the only premise that needs to be knocked down. Which it has numerous times.

What is being said above is ludicrous-- One knows astrology makes no sense without testing every combination of stars/alignments--- the same can be said for TA. Although, TA has been tested time and time again resulting in no edge or an edge that doesnt' even beat the vig in rare circumstances.

surf

Tides are a proof that astrology can work for some things.

R. Raskolnikov · Aug 20, 2012

I already make money. Why do I need you? I have all the capital I need to trade my intra-day system. Maybe I could have used your services back in 1999/2000 when I was still more or less a rook but not anymore.
The irony is back then my system was fall less tested and I'm sure you would have passed on funding it but now that it's been working since then, I'm sure you would be interested in taking a look while I'm not at all interested in what you have to offer, LOL.

Quote from marketsurfer:

I would love to find an ET trader/ fund with a real edge. We all would make money--- no need to "knock off" someone's edge -- most of the stuff we invest in cant be replicated easily.

oilfxpro · Aug 20, 2012

Technical analysis gives gamblers the incentive to bet their house on three outcomes loss/breakeven/profit.

After 9 reds in a casino .the TREND of xpert , is RED ....BET THE HOUSE ON SHORTS ,that is t/a

marketsurfer · Aug 20, 2012

Quote from R. Raskolnikov:

I already make money. Why do I need you? I have all the capital I need to trade my intra-day system. Maybe I could have used your services back in 1999/2000 when I was still more or less a rook but not anymore.
The irony is back then my system was fall less tested and I'm sure you would have passed on funding it but now that it's been working since then, I'm sure you would be interested in taking a look while I'm not at all interested in what you have to offer, LOL.

Great --- for myself and most others who do what I do, just the suggestion that TA is used for an edge is immediate grounds to dismiss the program without wasting anyone's time. I am happy we are in agreement on this.

surf

kinggyppo · Aug 20, 2012

Quote from TheBlackHand:

Which set?

The infinite set?

And if you do find one that works (probably a random sequence of heads being flipped in the infinite expanse of TA outcomes), what happens when the market cycle changes?

I like this response, however there are not an INFINITE expanse of outcomes, the market is finite math and therefore more likely knowable, the future distributions of returns is what the shouting is all about, peace.

R. Raskolnikov · Aug 20, 2012

Oh really? Because just a few days ago you wanted to meet Hoodooman with your quant and discuss his method in detail. His system is TA based. He trades using his proprietary TA.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3599295&highlight=hoodooman#post3599295

"Hey Hoodoo,

Long time no talk. Been watching your system results closely, looks sweet so far. You going to be at VN's in October? would like to chat about your work, with our quants in tow--- Thanks, Surf"

So the statement below concerning TA as immediate grounds for program dismissal is completely false. Can't you keep your facts straight?

Quote from marketsurfer:

Great --- for myself and most others who do what I do, just the suggestion that TA is used for an edge is immediate grounds to dismiss the program without wasting anyone's time. I am happy we are in agreement on this.

surf