Why does TA not work (for you)?

Quote from TheBlackHand:

Whats sad is your apparent inability to count from 1 to 2.

My first sentence that you quoted was in fact 'Lets start where we all agree' or similar. The following sentence was my second sentence, not my first.

That is what is sad. No wonder you rely on charts so much, as numbers seem to confuse you! LOL



:D
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Your first sentence is wrong (we don't all agree) precisely because your second sentence is wrong. LOL indeed. :p
 
Quote from kut2k2:

Your first sentence is wrong (we don't all agree) precisely because your second sentence is wrong. LOL indeed. :p
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Please dont be silly. Your showing all the signs of a bad loser.

Besides, THE THREAD IS CLOSED!

TA CAN NOT BE TESTED, as admitted by one of the high TA priests of ET. The case is closed. A decision has been reached. You have been found wanting,

TA crowd have shot themselves firmly, and painfully in the foot! With an elephant riffle no less!!

THREAD CLOSED!

END OF.
 
Quote from TheBlackHand:
Quote from R. Raskolnikov:

I've tried to make this point many times...it always gets ignored by the negative nellies. Of COURSE all TA cannot be tested or evaluated. There are an infinite combination of inputs that can create a working system.
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THE THREAD IS CLOSED!

TA CAN NOT BE TESTED, as admitted by one of the high TA priests of ET. The case is closed. A decision has been reached. You have been found wanting.
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A person who was actually seeking to advance the knowledge base of the forum and was not simply trolling for debating points would make the logical conclusion that RR misspoke.

When he said "Of COURSE all TA cannot be tested or evaluated", the logical interpretation (except for a troll) is that he was meaning "Of COURSE not all TA can be tested or evaluated". This interpretation is verified by the rest of his post: "There are an infinite combination of inputs that can create a working system. To suggest that someone has tested them all is ludicrous. And to suggest that someone has not only found everything that one could use to evaluate trading opportunities but that also has implemented them in all possible sequences to test their effectiveness is even more ludicrous."

Congratulations on "winning" your childish debating point by focusing like a laser on RR's mistake. He's only human but at least he's not a troll.

Enough time wasted on you, troll.

TheBlackHand >>> ignore
 
Come on guy, you know what I meant and it's the same point I've made to you time and again. There are an infinite combination of inputs and sequences which one COULD use to find trading opportunities and, if found, could be tested. My point to you, who always claim that testing has been done and TA is garbage, is that you and your ilk have NOT tested everything and therefore you do not know what is possible.



Quote from marketsurfer:

Wow, I am surprised and bewildered at the admission by one of elite's high priests of TA. High Priestess NoDoji admits that intuition and skill are key to TA success, Nihabi says TA doesn't work without money management and other talents, now Rasholiski admits it cant be tested.

Sounds like even the hard core admit the reality of TA. unreal! But i am impressed with the honesty.

surf
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Thanks Kut2k2, you nailed it exactly. A small mistake in wording has caused such a commotion :D

Quote from kut2k2:

[B

When he said "Of COURSE all TA cannot be tested or evaluated", the logical interpretation (except for a troll) is that he was meaning "Of COURSE not all TA can be tested or evaluated". This interpretation is verified by the rest of his post: "There are an infinite combination of inputs that can create a working system. To suggest that someone has tested them all is ludicrous. And to suggest that someone has not only found everything that one could use to evaluate trading opportunities but that also has implemented them in all possible sequences to test their effectiveness is even more ludicrous."

Congratulations on "winning" your childish debating point by focusing like a laser on RR's mistake. He's only human but at least he's not a troll.

Enough time wasted on you, troll.

TheBlackHand >>> ignore
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Quote from marketsurfer:

Huh? I work hard at finding edge and exposing market myths-- nothing has gone to waste.

surf
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you should work on better trading instead. price drivers method looks like a random entries, subjective system so far.
 
Quote from kut2k2:

THE THREAD IS CLOSED!

TA CAN NOT BE TESTED, as admitted by one of the high TA priests of ET. The case is closed. A decision has been reached. You have been found wanting.
More...
A person who was actually seeking to advance the knowledge base of the forum and was not simply trolling for debating points would make the logical conclusion that RR misspoke.

When he said "Of COURSE all TA cannot be tested or evaluated", the logical interpretation (except for a troll) is that he was meaning "Of COURSE not all TA can be tested or evaluated". This interpretation is verified by the rest of his post: "There are an infinite combination of inputs that can create a working system. To suggest that someone has tested them all is ludicrous. And to suggest that someone has not only found everything that one could use to evaluate trading opportunities but that also has implemented them in all possible sequences to test their effectiveness is even more ludicrous."

Congratulations on "winning" your childish debating point by focusing like a laser on RR's mistake. He's only human but at least he's not a troll.

Enough time wasted on you, troll.

TheBlackHand >>> ignore [/QUOTE]


This is where the "god" complex comes into play with the TA wonks.

I know the secret type claims are classic in the psuedoscience literature.

The premise that any past action, price, volume can increase the odds of a future move is the only premise that needs to be knocked down. Which it has numerous times.

What is being said above is ludicrous-- One knows astrology makes no sense without testing every combination of stars/alignments--- the same can be said for TA. Although, TA has been tested time and time again resulting in no edge or an edge that doesnt' even beat the vig in rare circumstances.

surf
 
I guess I'll be the only person to answer the original question. :)

For me the biggest problem I've run into with TA not working is on smaller timeframes... in some situations the slippage can kill an idea. For example, I once came up with an intraday breakout strategy in CL and it looked very promising from my initial analysis. But after a short time of watching the trades play out in real-time I decided it probably wasn't workable. Price would shoot through the level by several ticks in the blink of an eye. I never actually tried to sim trade it, just figured from watching alone that I'd never be able to get the fills I had been expecting. And seemed pretty stressful too, to trade such a bucking bronco of an instrument. So I let the idea go and went back to focusing on less crazy stuff like ES.

I realize that's not really a problem with faulty TA, but it is related to the TA. I assume price was reacting in that manner because many other market participants were using the same TA to enter trades at that spot..... hence price moving 10 ticks in a split second, etc. :D
 
Quote from dv4632:

I guess I'll be the only person to answer the original question. :)

For me the biggest problem I've run into with TA not working is on smaller timeframes... in some situations the slippage can kill an idea. For example, I once came up with an intraday breakout strategy in CL and it looked very promising from my initial analysis. But after a short time of watching the trades play out in real-time I decided it probably wasn't workable. Price would shoot through the level by several ticks in the blink of an eye. I never actually tried to sim trade it, just figured from watching alone that I'd never be able to get the fills I had been expecting. And seemed pretty stressful too, to trade such a bucking bronco of an instrument. So I let the idea go and went back to focusing on less crazy stuff like ES.

I realize that's not really a problem with faulty TA, but it is related to the TA. I assume price was reacting in that manner because many other market participants were using the same TA to enter trades at that spot..... hence price moving 10 ticks in a split second, etc. :D
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rumor is cl is gamed by only six large players,if they are in cahoots the temptation is strong to take advantage of seeming s/r
 
Its so very easy when you find a ta system that works:

DATE MKOPEN T= W/L WIN%
8-2 UP 1.5 27/3 90%
8-3 UP 1.5 18/1 95%
8-6 DWN 1.0 18/1 95%
8-7 UP 1.5 35/8 81%
8-8 DWN 1.5 47/1 98%
8-9 DWN 1.0 24/2 92%
8-10 DWN 1.0 25/1 96%
8-13 DWN 2.0 33/0 100%
8-14 UP 2.0 37/1 97%
8-15 DWN 2.0 34/1 97%
8-16 UP 2.0 35/2 94%
8-17 UP 1.0 19/0 100%
8-20 DWN 2.0 24/3 89%

regards
 
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