Those who still use T/A don't get it! :-)

[Fibbin-Archie]

Quote from deaddog:

TA is one tool that a trader can use. Don�t blame your tools if you can�t do the job. Maybe you are using it wrong.

No one has yet given an example of where TA didn�t work.

A poor workman always blames his tools...

 

[max_skinner]

Quote from athlonmank8:

Explain your strategy for doing that..............You sounds like you're better than the market. Ok sounds good. Time to back it up.

What's your strategy for trading "market context"????

Who are you kidding?

You should practice harder in being a better troll.

Your flaming is quite pedestrian and quite naive in hoping someone will disclose their strategy to you - an anonymous poster on a public forum just to prove their worth.

Hint - That's what context is all about.


Best,
Christopher Maxwell

 

[Fibbin-Archie]

Quote from iplay1515:

The pattern that I have noticed using the alternate T/A definition is when the proper shaped wedge pattern is in place, a noticeable up-trend will follow.

Descending or ascending?

In my book descending = bullish

ascending = bearish

Of course any indicator signal or pattern should only be read in the context of what everything else is telling you.

 

[oraclewizard77]

TA boy: Do not try and guess the price. That's impossible. Instead... only try to realize the truth.
Neo: What truth?
TA boy: There is no price.
Neo: There is no price?
TA boy: Then you'll see, that it is not the price that moves, it is only yourself.

 

[Dackster]

Quote from traderum:

Folks, forget T/A since prices are made by the Market Maker (MM) arbitrarily to fit his own case.
Remember that guy is there to provide, in theory, liquidity.
As a reward for this "service to the mankind" he is allowed to make profits of his own.
Some MMs have taken this literally and it doesn't bother them to let the price fall 30%, 40% or even more than 50%
to maximize their profits as much as possible.

One can say MMs are greedy thieves who want to legally rob you,
some call them even "blood suckers".

For example: if you buy long a stock or option the MM will let the price fall,
just to panic you, so that you close with a loss. It's a psychological game.
That means, the price is determined by the MM only, not by support&demand by the crowd.

Think about it, and forget all the T/A crap.
(yes, I belonged to that camp too, long ago)

Institutions, commercials, funds,......then your one contract.

I'm sure it's worth ripping you off.

Stop blaming everyone else for your own inadequecies.

 

[Fibbin-Archie]

Big Money DOES NOT automatically equate to Smart Money...

As a caveat to my previous post, that's usually following an initial false break of the horizontal reaction level of the ascending/descending triangle... and that ain't in the classic TA text books...

 

[Weakhand]

Quote from Fibbin-Archie:

Big Money DOES NOT automatically equate to Smart Money...

As a caveat to my previous post, that's usually following an initial false break of the horizontal reaction level of the ascending/descending triangle... and that ain't in the classic TA text books...

what testing has been done to quantify this hypothesis. In fact are there even testable parameters?

Weaky

 

[Fibbin-Archie]

Quote from Weakhand:

what testing has been done to quantify this hypothesis. In fact are there even testable parameters?

Weaky

Put in a bit of chart time or better still trade it with small money, best way to do any testing... You get these patterns frequently on all time frames.

Moreover test it for yourself, don't rely on other peoples' studies or opinions.

Why not load up at trend line support/resistance, scale out on the horizontal then dump the rest if the break out fails, then reverse your position once price reacquires the range, fast moves often follow false breaks especially out of narrow consolidation, double bubble.

I make it sound simple I know, it's not really that simple, but it comes with experience which means sitting in front of a screen and studying price action for hundreds, if not thousands of hours.

It has roughly a 75% success rate, but even if the break out is genuine, you'd still be on board for the ride. Moreover, you have very clearly defined risk parameters.

 

[Zen Student]

Quote from Fibbin-Archie:

Put in a bit of chart time...

I make it sound simple I know, it's not really that simple, but it comes with experience which means sitting in front of a screen and studying price action for hundreds, if not thousands of hours...

Empty your cup.

Nan-in, a Japanese master during the Meiji era (1868-1912), received a university professor who came to inquire about Zen.

Nan-in served tea. He poured his visitor's cup full, and then kept on pouring.

The professor watched the overflow until he no longer could restrain himself. "It is overfull. No more will go in!"

"Like this cup," Nan-in said, "you are full of your own opinions and speculations. How can I show you Zen unless you first empty your cup?"

 

[Fibbin-Archie]

Quote from Zen Student:

Empty your cup.

Nan-in, a Japanese master during the Meiji era (1868-1912), received a university professor who came to inquire about Zen.

Nan-in served tea. He poured his visitor's cup full, and then kept on pouring.

The professor watched the overflow until he no longer could restrain himself. "It is overfull. No more will go in!"

"Like this cup," Nan-in said, "you are full of your own opinions and speculations. How can I show you Zen unless you first empty your cup?"

Zen & the art of trading... empty your cup grasshopper...

Not entirely sure I get the point you're making...