Yeah man, paying taxes sucks. Especially when the more you make the more you pay. You're better off being marketsurfer or oilfxpro who perpetually lose. That way, no tax liability!! 
the politically incorrect truth why TA can't work (for you)
- Thread starter Xspurt
- Start date
Wtg and still going strong.
But it won't matter because the premise of this thread is that if you have the GCG factors in your favor you can learn TA and if you don't, tough titty, it makes no sense to your eyes and brain.
However a lot of the whining about TA is nothing more than a thinly disguised bluff for a lack of structured effort and hence the almost total lack of any attempts to show TA failures.
Geez, if it's not hard enough to discuss TA with these people, it's going to be even harder for them to accept/believe that their eyes and brain wiring are inferior
Quote from R. Raskolnikov:
Geez, if it's not hard enough to discuss TA with these people, it's going to be even harder for them to accept/believe that their eyes and brain wiring is inferior
LOL
Before the bashers fry me, "inferior" is your term and not mine, but I get your meaning. As far as being equipped by nature for recognizing shapes and making connections visually, it's a fact that 50% are good at that and 50% are not.
However in my experience many are just chancers that lack drive and creativity so their cop out is to say TA can't work because the truth is they are useless at TA.
So bring it on - let them show us how TA fails by posting their profound knowledge of TA. I can only dismiss something if I have proven to my satisfaction through real effort it cannot work.
The counter balance is that they may be a great leaf brain thinker and be able to make market algebra work for them. I'm inferior at that but I am hot at seeing structural relationships in multiple time frames (MTF) that most traders miss.
MTF fries their brains more than anything to the extent they can't tell what is past, present and future. Such is life
Yeah but he seems to be very reluctant to give any details:
ignored
You gotta wonder: what kind of "marketer" is hunting around for other people's edges and spends half his time telling them that certain edges (TA) can't work? And when you point out the holes in his logic, he just blithely ignores them and continues on his anti-TA crusade, all the while claiming he's really looking for edges. It borders on the psychotic, and I'm putting it charitably.
He never said he was any good at it
Surf ignores any searching questions on TA while he clings to his mantra that TA can't work... yet he claims to be a past master on the topic.
Holes in his logic?? His apparent grasp of TA is so below basic that it's little wonder he runs shy of demonstrating why TA can't work (for him).
Surf said trading has been very kind to him over the years yet also said he used to trade using TA.....
Either he's lying about having done well or he just really enjoys disliking TA. Something is definitely not adding up.
Either he's lying about having done well or he just really enjoys disliking TA. Something is definitely not adding up.
I've read somewhere here that someone tested "all indicators" on their computer systems. As nothing usefull came out of that (or at least nothing that made money consistently I guess), the conclusion was made that TA/indicators etc. don't work.
Who am I to disagree that so many things don't work indeed, the average ET reader will certainly agree.
It intrigues me however on how you would exactly do that, test "everything" on "any" indicator.
Computers don't have feelings, a blessing for many I suppose. But on the other hand I think you need to feel the heartbeat of the market. You must spend hours (x1000) behind that screen to see not only what does not work but hopefully also what DOES work.
You must do your own homework, due diligence or whatever you call it. It's not really realistic to expect the holy grail to fall out of the sky on your head just like that.
Anyway, those who tested "everything" probably forgot to test the "white arrow indicator". (a stupid name, I know, but in absence of anything better...)
The "tested everything" guys maybe missed this because it's not exactly an off the shelf thingy.
I attached a screenshot of it from my 100tick chart eur/usd from last week somewhere. The white arrows are generated by the indicator. I've put the green and red arrow on it afterwards for clarity but I guess you know the drill... which action should be taken when a white arrow pops up. I'm sure you guys don't mind that I've hidden some of the stuff on that chart.
Some say indicators lag on price action or that it's impossible to pick top/bottoms. Or maybe that it's a photoshop trickery. That is the easy way of course as this route takes very little effort. You can sit back and relax in your chair and nag for the rest of your life that TA does not work, that it's all an illusion.
I'm sorry Xspurt to post a chart of something that looks too good to be true (since you asked to only post charts proving TA does not work). Just let me know if you want to have it removed.
Back to my lurking hole now.
JP
Who am I to disagree that so many things don't work indeed, the average ET reader will certainly agree.
It intrigues me however on how you would exactly do that, test "everything" on "any" indicator.
Computers don't have feelings, a blessing for many I suppose. But on the other hand I think you need to feel the heartbeat of the market. You must spend hours (x1000) behind that screen to see not only what does not work but hopefully also what DOES work.
You must do your own homework, due diligence or whatever you call it. It's not really realistic to expect the holy grail to fall out of the sky on your head just like that.
Anyway, those who tested "everything" probably forgot to test the "white arrow indicator". (a stupid name, I know, but in absence of anything better...)
The "tested everything" guys maybe missed this because it's not exactly an off the shelf thingy.
I attached a screenshot of it from my 100tick chart eur/usd from last week somewhere. The white arrows are generated by the indicator. I've put the green and red arrow on it afterwards for clarity but I guess you know the drill... which action should be taken when a white arrow pops up. I'm sure you guys don't mind that I've hidden some of the stuff on that chart.
Some say indicators lag on price action or that it's impossible to pick top/bottoms. Or maybe that it's a photoshop trickery.
That is the easy way of course as this route takes very little effort. You can sit back and relax in your chair and nag for the rest of your life that TA does not work, that it's all an illusion.I'm sorry Xspurt to post a chart of something that looks too good to be true (since you asked to only post charts proving TA does not work). Just let me know if you want to have it removed.
Back to my lurking hole now.
JP