What is TA?
- Thread starter kut2k2
- Start date
http://en.wikipedia.org/wiki/Technical_analysis
In finance, technical analysis is in the security analysis field a form of analysis of probabilities[1] relied on studies of the direction of prices through the analysis of past market data (primarily price and volume).[2] Traders use these technical studies to establish target points for buy and sell financial assets, whether to open or close trading positions.[3]
In finance, technical analysis is in the security analysis field a form of analysis of probabilities[1] relied on studies of the direction of prices through the analysis of past market data (primarily price and volume).[2] Traders use these technical studies to establish target points for buy and sell financial assets, whether to open or close trading positions.[3]
Quote from wrbtrader:
ALL data has become the past as soon as you see it. As soon as you see it as data...it is already past data.
Thus, you suggesting one can do or should only do analysis on data that has yet become into existence. If so, I'm very curious how we (I) can do such (serious question) ?
Maybe this gets into your inability or refusal to define or give a hypothetical example of a before the fact signal call. I'm now more curious about your commentaries because I think there's a connection with your recent commentaries (e.g. before the fact) and your now above quote that implies doing analysis on data that is not yet in existence as something that can provide an edge in the market.
P.S. I do understand you're making a distinction between "other data" versus "past price". Without your example of "other data", I will just consider it a smoke screen on your part in your effort to continue arguing and trolling.
P.S.S. ET has a section called "Data Sets and Feeds" @ http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=66
You are completely missing the point
Allow me to explain. Price is the past as it has already formed, otherwise it can't exist. Therefore the building block of TA--price--is past data. Data that exists prior to price being formed is not past data for purposes of this definition. Data such as the book, price drivers, intramarket realationships , money flows, etc. is all data that happens before price is formed therefore, if analysised correctly provides an edge asto what price may do in the future. Past price cannot provide an objectiv edge as it has occurred and price is what you trade. This is not semantics nor illogical. Surf
Surf doesn't believe in the present. I wonder if there's a pill for that.Quote from vinc:
so no such thing as the current bid & ask ? we all trade past prices? it's a bit like saying there is no future it's only past and that would exclude us all from the now
Then again, he doesn't believe in trends either, so I don't see much hope for him.
I understand what you're saying but you are wrong about a key point.
Price = Past Data (everybody knows that as noted earlier)
Data sets BEFORE price is still Past Data and to say its not is illogical.
For example, as soon as someone sees money flow, intramarket relationships...that's info that has happen = Past Data and if it continues happening is an entirely different story.
Therefore, don't misunderstand, I'm not debating if Price or Other Data sets helps with one's edge. I'm debating the fact that you're trying to label information that occurs BEFORE price as NOT past data...that's an incorrect labeling nor is this an issue of semantics.
Reminder - Please provide an example of a "before the fact" call so that those you're pointing a finger at can know exactly what you're talking about.
You are forgetting something.
Allow me to explain. Data such as the book, price drivers, intramarket relationships , money flows, etc. is the past as it has already formed, otherwise it can't exist. Data such as price is data that happens before the book, price drivers, intramarket relationships , money flows, etc. is formed therefore, if analysed correctly provides an edge as to what the book, price drivers, intramarket realationships , money flows, etc. may do in the future. This is not semantics nor illogical.
Remember everything has to be taken in context or its irrelevant--- you are taking your point, although its correct, out of context.
Price is what is traded, not the before price data I listed, therefore once price occurs it can not be traded as its past data. data that occurs before price changes or occurs is not past data in relation to price as it occurs prior to price changes-- THEREFORE analyzing this data makes sense and analyzing price does not make sense since it occurred in the past
Context is everything. surf
Yes, but out of context. Price Drivers occur before price therefore in context are the "now" whereas price is the past.
surf
Intramarket Data --> Price Data ---> Intramarket Data --> Price Data
Although the above statement is from left to right...its actually a loop (circle). Therefore, as you noted, context is everything.
Sorry surf, I've been around long enough to know that any data I see with my own two eyes has already occurred. If I can use it in a trading plan to form an edge is a different story. I'll let this go because its one of those things there will never be an agreement upon.
P.S. some use intramarket data in technical analysis.