Why does TA not work (for you)?

[NoDoji]

Quote from HurricaneUS:

you've just made surf's point

Surf knows I've called plenty of trades in advance here on ET, based on technical analysis. If I got all of my former trading roomies to confirm that I trade the same TA based setups all day every day and make money doing it, it wouldn't change the mind of anyone who claims that TA doesn't work.

So until a few folks honor the intention of this thread (please prove to us that it DOESN'T work), we'll just have to enjoy each others company

 

[traderchi128]

Quote from marketsurfer:

<b>Quote from RCG Trader:

So you are in a twist about the type of data used, is that it? If you took order and graphed it for visual use, guess what you have?

An indicator!

So instead instead of graphing your data you are using spreadsheets and waiting for certain drivers to line up. And that is not TA, you say. Really?</b>


TA deals with post trade data. Price Driver deals with pre trade data. Price Driver isnt TA per the accepted definition of TA.

You don't even know what a price driver trade is. Your YM trade at first was a price driver. Then when it only made a little money it wasn't a price driver trade. Now that JCP is against you I am sure that one will not be a "true" price driver trade either.

Keep cherry picking....

 

[marketsurfer]

Quote from NoDoji:

Surf knows I've called plenty of trades in advance here on ET, based on technical analysis. If I got all of my former trading roomies to confirm that I trade the same TA based setups all day every day and make money doing it, it wouldn't change the mind of anyone who claims that TA doesn't work.

So until a few folks honor the intention of this thread (please prove to us that it DOESN'T work), we'll just have to enjoy each others company

Yeah, I used TA for years-- made money with it. BUT I know I wold have made the same $ just guessing. I don't claim that subjective, intuitive type TA doesn't work for some people. I do claim that objective, programmable TA does not work and if it does, success will be short lived and not outside the parameters of randomness.



What type of yearly returns do you generate with your TA method?

Thanks

Surf

 

[hoodooman]

NODOGI:So until a few folks honor the intention of this thread (please prove to us that it DOESN'T work), we'll just have to enjoy each others company

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+1

 

[marketsurfer]

Quote from traderchi128:

You don't even know what a price driver trade is. Your YM trade at first was a price driver. Then when it only made a little money it wasn't a price driver trade. Now that JCP is against you I am sure that one will not be a "true" price driver trade either.

Keep cherry picking....

Huh? Exits are not part of Price Driver. Price Driver is my concept and contribution to trading-- so what do you mean, I don;t know what it is? Price Driver will give you a solid edge on entry, how you manage after that is not my concern. surf

 

[traderchi128]

Quote from marketsurfer:

Huh? Exits are not part of Price Driver. Price Driver is my concept and contribution to trading-- so what do you mean, I don;t know what it is? Price Driver will give you a solid edge on entry, how you manage after that is not my concern. surf

Another way of you saying "I have no idea when I am getting out. I have no defined risk on the downside"

Good luck with that Surf.


Some "method " you have. It gets you in, but on the most important part of a trade (where to cut losses), it has no gameplan. What's your risk/reward? You don't have one? Adios.

I would love to hear how you would market this to outside investors/backers/trading firms. You would be shown the door in 2 minutes.


You talk so much about guessing with TA......your strategy doesn't have an exit plan. Talk about throwing darts...

 

[marketsurfer]

Quote from hoodooman:

NODOGI:So until a few folks honor the intention of this thread (please prove to us that it DOESN'T work), we'll just have to enjoy each others company

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+1

There is overwhelming evidence but TA's still use the TA crutch to support their success or lack of

Dozens upon dozens of empirical studies have proven it doesn't work.
http://scholarworks.uno.edu/cgi/viewcontent.cgi?article=1049&context=econ_wp

http://www.stockopedia.co.uk/conten...easons-why-we-dont-believe-in-charting-63806/

by the way, burden of proof is on those making the claims of success, not on the skeptics.

surf

 

[marketsurfer]

Quote from traderchi128:

Another way of you saying "I have no idea when I am getting out. I have no defined risk on the downside"

Good luck with that Surf.


Some "method " you have. It gets you in, but on the most important part of a trade (where to cut losses), it has no gameplan. What's your risk/reward? You don't have one? Adios.

I would love to hear how you would market this to outside investors/backers/trading firms. You would be shown the door in 2 minutes.

Correct. I agree, its only 1/2 a method right now. I wouldnt market this to anyone----- its way too new.

surf

 

[traderchi128]

Quote from marketsurfer:

Correct. I agree, its only 1/2 a method right now. I wouldnt market this to anyone----- its way too new.

surf

In all honesty Surf, how in the holy hell can a trader have a method that they trade that is only half done? Entries without exit plans?

You have a system that is 1/2 thought out...the other half guessing.

 

[logic_man]

Quote from marketsurfer:

I do claim that objective, programmable TA does not work and if it does, success will be short lived and not outside the parameters of randomness.

Eh, the fewer people looking for it, the better. I hope everyone listens to you. I also hope they aren't stupid enough to give you any money to manage.