Why does TA not work (for you)?

Quote from cornixforex:

Those were hilarious 20 pages (since I left) to read... Especially recommending stop-limit orders to trade CL thus almost guaranteeing one a non-fill on the best momentum moves. :D
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I guess the reason I've never had this issue using stop limit orders is because my entries are always within a range, so I get in early on moves that are going to extend.

I've only made about 40 CL trades, so I'm not speaking from a huge base of data, but if it hasn't happened in 40 trades made at all times of day, my guess is that it's not going to be a high probability phenomenon for me. For someone with a different way of selecting entries, using a stop limit for entries might be the worst idea ever.
 
Quote from Fah Q:

what do you mean exactly? you trade earnings numbers or economic data numbers?
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to THEBLACKHAND: read above post.

you mention just trading 'the numbers', what does this mean exactly? TIA
 
Quote from cornixforex:

Those were hilarious 20 pages (since I left) to read... Especially recommending stop-limit orders to trade CL thus almost guaranteeing one a non-fill on the best momentum moves. :D
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Using a stop limit at the exact price....sure you could miss a move. But if you set it to a certain number of ticks to work that limit you shouldn't miss anything. (Work a 90 stop limit with a 5 tick max. Will go in as a 90.05 bid lifting whatever is there from 90.00 to 90.05). You just have to know each market well enough to decide how much to chase.

Working a regular stop market to enter a trade, especially into a breakout can be a disaster. Try it in Nat Gas or Gold this fall when things really start moving around. Slippage can be brutal.
 
Quote from Fah Q:

to THEBLACKHAND: read above post.

you mention just trading 'the numbers', what does this mean exactly? TIA
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theblackhand?? no elaboration..just "numbers". maybe you trade using t/a too and just do not want to discuss?
 
DATE MKOP 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%
8-21 UP 1.5 18/0 100%
8-22 DWN 1.5 22/1 96%
8-23 DWN 1.0 23/3 88%
 
DATE MKOP 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%
8-21 UP 1.5 18/0 100%
8-22 DWN 1.5 22/1 96%
8-23 DWN 1.0 23/3 88%
8-24 DWN 1.0 17/1 94%
:p
 
Quote from Xspurt:

I love this thread coz, even thought it has not turned out the way I wanted, it sure has exposed a cart load of dumb ideas about what TA is and how it works by non TA users. The bashers claim the level of expertise in analysis to be able to prove TA can't work but won't demonstrate TA failures.

If it was a coding error and I was a coding whiz I would say, look here - that's the error and this is why you are wrong. But I'd have to be top of the class in coding.

If it was a math error and I was a math whiz I could demonstrate the error. But I'd have to be top of the class in math.

So if you want to say TA doesn't work, you need to be like surf. You need to be someone who was using TA for years but then discovered it didn't work. Then you can step up to the plate and show the errors on TA.

I'm still waiting guys. Instead of talking up your superior knowledge, show me how TA fails. Instead of fishing for ideas under the pretense of provocation, instead of telling me, show me.

It's doubly suspect when TA bashers want to invade EVERY TA thread and put us right on out mistaken belief. Frankly I don't have time to spend my life in threads that have no relevance to what I do because I have something that works.
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Love this post.
 
Quote from NoDoji:

It's not that hard to figure out, either. PA/TA is the ultimate "inside" information. I know I've posted this before, but it bears repeating often:

The major players can't slink around trading behind everyone's back. They leave big footprints.

Learn to identify what it looks like when the herd of them starts moving to the next watering hole and catch yourself a free ride.

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These birds are sometimes referred to as "tick pickers" :D
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Amen.
 
Is anyone currently trading the Jack Hershy Equity method? I am new to it and currently enrolled in a trial at Trade Navigator in the hope they would have the required filters. It seems they only have part of them. Technical support helped me contruct one of two missing filters. If anyone is using Trade Navigator or any other system to filter I would GREATLY appreciate a word back :)
 
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