What is TA?

[ammo]

Quote from marketsurfer:

Yes, but out of context. Price Drivers occur before price therefore in context are the "now" whereas price is the past.

surf

are you saying price action moves irrelavant of past or present data,rain or sunshine ,happen regardless of weather to the west moving east over past 12 hours?

 

[R. Raskolnikov]

Why can't you realize that traders keep their proprietary methods secret? When something is not shared with the world, it doesn't get tested or evaluated. Therefore, YOU do not see it.

Why does this concept continually allude you?

Quote from marketsurfer:

Unaware of what? Where's the evidence?

Best wishes, surf

 

[marketsurfer]

Quote from wrbtrader:

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.

No, you are not correct. I am heading out now, FINALLY, and will be off the grid for awhile--- will address your points when I return.
all the best, surf

 

[marketsurfer]

Quote from R. Raskolnikov:

Why can't you realize that traders keep their proprietary methods secret? When something is not shared with the world, it doesn't get tested or evaluated. Therefore, YOU do not see it.

Why does this concept continually allude you?

No doubt-- but success shows in other ways, I am not asking for anyone's code or method-- just proof of success. Heading out, storms almost over here. surf

 

[jcl]

Quote from kut2k2:

Sorry but you're completely wrong. Regarding astrology, dates and times are part of price data and volume data (how could they not be? we're talking about time series afterall). But locations have nothing to do with prices or volumes.

How you made the leap to mathematics and statistics is a complete non sequitur, but for the record: math and stat are not data, they are methods of data analysis, and I clearly said "method" in my definition.

Your definition of TA is wrong because (a) there is such a thing as discretionary (aka intuitive) TA and (b) I've never tried to predict price data in my life, yet I've developed a very successful TA-based trading strategy.

You're right about the leap to mathematics and statistics, but wrong otherwise.

Your suggestion that TA should only use price and volume data makes not much sense IMHO. For instance, there's a quite profitable TA method that uses the opening and closing times of stock exchanges. TA traders certainly won't be pleased if they are forbidden to use other data in their algorithms.

Also, discretionary trading is not intuitive trading. Discretionary traders can use a system.

It can be argued whether intuitive trading is TA or not - in my opinion it's not, as the trade decisions are not based on, in the literal sense of the word, technical analysis. Maybe it's a third method besides TA and fundamental.

 

[ammo]

Quote from marketsurfer:

No doubt-- but success shows in other ways, I am not asking for anyone's code or method-- just proof of success. Heading out, storms almost over here. surf

what data are you using to determine the storm is almost over ?, that it was coming ?, that it was happening is a small amount of the big pic

 

[Xspurt]

When the squiggly lines are set up properly they don't lag PA and everything you need is in the chart. That's what TA can be about because the drivers have to show on the chart.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3609308#post3609308

 

[R. Raskolnikov]

How does this affect my bottom line? What do I get out of this?

Quote from marketsurfer:

No doubt-- but success shows in other ways, I am not asking for anyone's code or method-- just proof of success.

 

[wrbtrader]

Quote from jcl:

...Also, discretionary trading is not intuitive trading. Discretionary traders can use a system...

I strongly agree that discretionary trading and intuitive trading are different but often misused as one for the other. Yet, both can be used together in a trading plan. For example, trade entry based upon discretionary rules but the exit based upon trade experience, gut feel or just happy to call it quits for the day.

 

[dv4632]

Quote from NoDoji:


TA Trader: "Fred posted live calls in advance for months proving how well TA works."

TA Naysayer: "Well, he's not posting now so it obviously quit working."

TA Trader: "Phil's been posting advance TA-based calls on ETcompetitor.com since March 2009 and is generating a return of more than 400% annually."

TA Naysayer: "Anyone can make money in a bull market. Let's see how he does when market conditions change!"

Say someone then offers proof of profitable TA-based trading through bull and bear:

TA Trader: "Linda's been using TA to trade profitably for nearly 20 years and posted copies of her statements to prove it."

TA Naysayer: "Photoshopped."

TA Trader: "I requested audited statements before joining her live trading room and she provided them."

TA Naysayer: "Yeah...well...Enron provided lots of audited statements and you see how well that worked out."

TA Trader: "Wow, you're right! Thank you so much for opening my eyes. I can see that there really is no proof that trading based on technical analysis is any better than a coin toss! First thing in the morning I'm going to donate my fortune to Gambler's Anonymous!"

LOL