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

[cornix]

Quote from oilfxpro:

I have experience of failed trends , noise , false breakouts , failure of t/a , unexpected resistance and support , unexpected reversals etc etc , so I try t/a as a dubious science..

I have loss marks to want me to not rely on t/a , but my sixth sense of the markets.

So you equate your own failure with failure of the tools?

If you were given a diamond to cut and break it due to not having experience of a qualified jeweller you also would start blaming the tools and the diamond?

I meet such cases very often in my psychological practice, also Vic Sperandeo whom you seem to not take seriously devoted a whole section in his book to these typical issues... He did a great job working together with psychologists to find the reasons behind traders failure. Read it and maybe you notice some resemblance... It's not about just trading but your whole life and your ability to be ultimately happy or not...

 

[Cheese]

There is not the slightest doubt that TA works. Its simply a question of the requisite aptitude for success. And in particular when playing in markets it is again that aptitude for success. In markets success stems from the problem solving capability of the player combined with the all important ability to play with confidence.

The combination of that capability and that confidence is confined to the few or very few - and not the many.

 

[oilfxpro]

Quote from Cheese:

There is not the slightest doubt that TA works. Its simply a question of the requisite aptitude for success. And in particular when playing in markets it is again that aptitude for success. In markets success stems from the problem solving capability of the player combined with the all important ability to play with confidence.

The combination of that capability and that confidence is confined to the few or very few - and not the many.

So T/A by your definition is very subjective , and it only works subjectively for some.

Some traders find lagging info and hindsight trading to noobs works better.It works in hind sight as well.

 

[luckyluciano]

Quote from marketsurfer:

No incongruity.
I would never invest in such a system. I just want to witness a TA system that has such wonderful claims actually work ( as I surmise its all smoke and mirrors) surf

I already gave you the system and you dismissed it by stating it has been proven not to work millions of times ( a child like quote )

Take 5 trending stocks, divide your money evenly, and you will be up in the next 20 days. To difficult for you, oily and blackhead to comprehend?

 

[cornix]

Quote from oilfxpro:

So T/A by your definition is very subjective , and it only works subjectively for some.

Some traders find lagging info and hindsight trading to noobs works better.It works in hind sight as well.

Some TA elements are almost purely objective.

Some TA setups are objective. Some nuances are more subjective, those provide an extra edge in the hands of experienced trader.

Like many other things in life: you start with the simplest objective stuff and progress to the stage of an art... if you progress and don't get buried under your own set of mental/emotional issues, which kick in severely even in the case of objective setups.

 

[oilfxpro]

Quote from cornixforex:

So you equate your own failure with failure of the tools?

If you were given a diamond to cut and break it due to not having experience of a qualified jeweller you also would start blaming the tools and the diamond?

Diamond cutters do not use tools which work for only 2 % of diamond cutters , and don't work for every one else.

 

[cornix]

Quote from oilfxpro:

Diamond cutters do not use tools which work for only 2 % of diamond cutters , and don't work for every one else.

If 98% of diamond cutters tried it from scratch without any experience, failed for a few times and dropped, diamond cutting would have about the same success rate.

But what you're right about is that diamond cutting doesn't have element of uncertainty and constant need for decision making in this environment of uncertain outcome.

Due to this difference trading is so hard mentally/emotionally and even is able to deform one's psyche irreversibly if practiced in the "wrong" fashion long enough, which producers a special breed of chronic losers with unmotivated aggression, neurosis and other typical characteristics often exposed here and on other online trading resources.

 

[oilfxpro]

Quote from cornixforex:


Due to this difference trading is so hard mentally/emotionally and even is able to deform one's psyche irreversibly if practiced in the "wrong" fashion long enough, which producers a special breed of chronic losers with unmotivated aggression, neurosis and other typical characteristics often exposed here and on other online trading resources.

I guess that sums up all these E T members .

 

[cornix]

Quote from oilfxpro:

I guess that sums up all these E T members .

Correct, even successful trading leaves it's print on one's psyche and I must say, not the best possible one, because chronic stress is inevitable part of trading at least to some degree.

But desperate chronic losers express this especially clear.

 

[marketsurfer]

Quote from luckyluciano:

I already gave you the system and you dismissed it by stating it has been proven not to work millions of times ( a child like quote )

Take 5 trending stocks, divide your money evenly, and you will be up in the next 20 days. To difficult for you, oily and blackhead to comprehend?

I'm really happy you posted this, lucky, as it gets to the core issue. Define " trending stocks"-- then we can try your experiment. Thanks, surf