What is Technical Analysis? Why does it work?

i am nobody said:
Random is not market related but person related. Those who have the knowledge see non random markets, those who don’t have the knowledge see random markets.

Scientists who try to find a medicine to threat a disease, first have to understand how this disease works. Until they find a cure the behavior of the disease looks like random. Once they find what causes the disease, the behavior is not random anymore and a new medicine can be developped. The disease never changed from random to non random, but the knowledge changed and by that it changed the opinion from random to non random.
More...
I have a profitable system that is not dependent on picking the right direction, unless not picking a direction is a direction lol. Do you have or know of a system that predicts direction with any statistical significance? I am always open to learning something new. So far I haven't found that system.
 
userque said:
Would you consider a coin flip (H or T) a random result?
More...

Yes, but trading has nothing to do with flipping coins. If you flip the coin now or in 1 hour it will make no difference. If you trade now or in 1 hour it can make a hell of a difference. In trading there are techniques to enhance your chances, in flipping coins you cannot influence the result unless you cheat. In a good week I have +90% profitable trades. I never have less than 75% good trades in any week. I never heared about somebody who can perform this in flipping coins.
 
Last edited:
Robert Modd said:
I have a profitable system that is not dependent on picking the right direction
More...
:wtf: You can never make profits by taking the wrong direction. I know that Elite Traders are elite, but even for Elite Traders that is impossible. :D If you make profits it means the direction was right.

Robert Modd said:
Do you have or know of a system that predicts direction with any statistical significance? I am always open to learning something new. So far I haven't found that system.
More...

Yes I know of such a system, but unfortunatelly for you I don't want to disclose it.
Your statement confirms my point as you said:So far I haven't found that system.
The person defines if something is random or not.
 
Last edited:
Sounds like you have something really good! Maybe you can give me a few directions on the SPY or whatever your trading. What do you say?
 
i am nobody said:
I hear this question every day. I never received anything from anybody, so I keep it in the family. I give back to the world what the world gave me: nothing.
More...

That's basically how it works, unless someone is offering you a substantial monetary gain. My oldest is finishing up his undergrad in physics. I'll be showing him some tricks of the trade after he graduates
 
Robert Modd said:
It's all good were all just here to help and learn. We all have our own ways.
More...

You have to find your own way. Most don't and give up. Odds of success increase if you find a credible mentor or work for a place to learn the tactics.
 
You must log in or register to reply here.
Back
Top