Why does TA not work (for you)?

[BSAM]

I can't fly jets, so is everyone who can, doing it by intuition or are they using knowledge, experience, and certain tools so that they know how to keep from crashing?
If it's intuition, I might apply at Southwest.
Wanna come fly with me, brothers?

 

[cornix]

Quote from BSAM:

Why is it that some people seem to try to make trading as hard as possible?
Does it make them look more erudite than everybody else?

I'm a shrink so can't judge objectively about trading (professional mental deformation ), but experience tells me people very often make their lives in general much more complicated than is actually needed too...

And trading is great, because due to it's nature of being an environment of uncertainty and continuous decision making among this uncertainty exposes beautiful, wonderful demons inside of us.

 

[R. Raskolnikov]

I'll bring the beer!

Quote from BSAM:

I can't fly jets, so is everyone who can, doing it by intuition or are they using knowledge, experience, and certain tools so that they know how to keep from crashing?
If it's intuition, I might apply at Southwest.
Wanna come fly with me, brothers?

 

[cornix]

Quote from BSAM:

I can't fly jets, so is everyone who can, doing it by intuition or are they using knowledge, experience, and certain tools so that they know how to keep from crashing?
If it's intuition, I might apply at Southwest.
Wanna come fly with me, brothers?

Well, if you mean flying in the sense of "driving" the jet, guess it's still experience combined with "how to" information.

 

[cornix]

Quote from Redneck:

I hear ya CF.. but I was really referring to the folks who think/ believe T/A doesn't work


RN

Ah... Yes, it sure won't work if you try to see if it works while believing it doesn't. Subjective thinking works both ways.

 

[wrbtrader]

Quote from cornixforex:

Believing is the easiest part.

Because as you see "it" works again and again and again... it's not anymore a matter of a belief, but a matter of knowledge.

But I agree, at times I still sit and can't believe why "it" works so well.

Hey cornixforex,

It's not worth the time & energy trying to convince someone it works for you at these forums.

You know what works for you and what doesn't work for you. You also know that because it works for you doesn't imply it will work for someone else because there's more to trading profitably than just TA.

The key is you and you're more important than the TA. This is something profitable traders realize when they suddenly realize that TA is just a tool that's an extension of how they (you) interpret the price action of the markets.

 

[logic_man]

Quote from BSAM:

When I read your first sentence, I thought I was going to have to take your Gold Medal away, brother Logic.
Thanks for clarification.

Hah, hah. No problem.

Surf has something of a point, he's just pushing it too far.

 

[wrbtrader]

Quote from R. Raskolnikov:

I already told you some pages ago how my method uses objective entries, based on bar's OHLC in a certain sequence. Once I have that sequence, I use A, B and C criteria. If those ALSO align, in combination with the OHLC sequence a trade is placed. 100% objective and non random.

But this system was ONLY possible once I understood how to read the mkts. I used this knowledge to build an objective trading method. All based on the TA I put together.

surf has already stated many moons ago that even if such is the case that a trader is using an objective rule base trading method...it is luck if he/she is consistently profitable and such will not last.

In contrast, if he's consistently profitable via an objective rule base trading system...it is not luck.

 

[R. Raskolnikov]

That's a big IF

Quote from wrbtrader:



In contrast, if he's consistently profitable via an objective rule base trading system...it is not luck.

 

[cornix]

Quote from wrbtrader:

Hey cornixforex,

It's not worth the time & energy trying to convince someone it works for you at these forums.

You know what works for you and what doesn't work for you. You also know that because it works for you doesn't imply it will work for someone else because there's more to trading profitably than just TA.

The key is you and you're more important than the TA. This is something profitable traders realize when they suddenly realize that TA is just a tool that's an extension of how they (you) interpret the price action of the markets.

Cannot agree more... Actually quite a few people asked me "why" or laughed at me saying "making Surf to believe in TA is sure important"...

I don't know why, probably cause I met the right people (which is sure that "luck" factor still involved) and if I didn't get this lucky, would likely fall prey to this typical belief system of "rigged, impossible etc." and don't want others to suffer from that. So maybe it's not me trying to prove something to sceptics, but rather to show those who still struggle that it's really possible for nearly anyone (heck, I am a pure humanitarian with background in psychology/philosophy and no exact sciences which are so required to trade successfully as many say ).

P. S. Read most of your posts back in 2005/6 and think they too contributed in my understanding of PA/TA back then...