Why does TA not work (for you)?

Quote from cornixforex:

No, it is not difficult at all. I ask in stages for the purpose of clarity and to avoid misunderstanding.

Does it mean reading chart + the book is the same kind of activity as tape reading?
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Geez, I give up on this! :confused: it's like trying to debate theology with a fundamentalist religious person. How many times will you revert to your "ancient writings" say? I mean "chart"?

Read " winner take all" by Gallacher for a simple explanation why charts make no sense as a real time directional bias trading tool ( although they are great for explaining and illustrating". In addition, practical speculation by niederhoffer/kenner should be on your reading list.
 
Quote from marketsurfer:

Geez, I give up on this! :confused: it's like trying to debate theology with a fundamentalist religious person. How many times will you revert to your "ancient writings" say? I mean "chart"?

Read " winner take all" by Gallacher for a simple explanation why charts make no sense as a real time directional bias trading tool ( although they are great for explaining and illustrating". In addition, practical speculation by niederhoffer/kenner should be on your reading list.
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I am not asking Gallacher, I am asking you (and Black): what is the difference between T&S and a chart? Does one have any benefit over another?

Is that so difficult to answer? :)
 
Notice, I don't even claim chart is "better"... Only ask questions... But nobody seems to give the straight answer... :confused:
 
Quote from cornixforex:

I am not asking Gallacher, I am asking you (and Black): what is the difference between T&S and a chart? Does one have any benefit over another?

Is that so difficult to answer? :)
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Simply put, the chart creates optical illusions, hindsite biases, and a host of other "interpretive" issues. Gallacher succinctly illustrates. TS is raw data.
 
Quote from marketsurfer:

Simply put, the chart creates optical illusions, hindsite biases, and a host of other "interpretive" issues. Gallacher succinctly illustrates. TS is raw data.
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If one analyses chart only as "raw data" too, simply to spot previous highs/lows and the recent trends of supply/demand, can it be said chart is not much different from T&S?

How did charts appear? For what purpose people who first started to draw market charts started doing it?
 
Quote from marketsurfer:

Simply put, the chart creates optical illusions, hindsite biases, and a host of other "interpretive" issues. Gallacher succinctly illustrates. TS is raw data.
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You don`t trade since 2005 as you said.You are illusionist..so are and Galaxer..TS is a boiled data..Kopperfield illustrates..
 
Quote from cornixforex:

If one analyses chart only as "raw data" too, simply to spot previous highs/lows and the recent trends of supply/demand, can it be said chart is not much different from T&S?

How did charts appear? For what purpose people who first started to draw market charts started doing it?
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Chart TA is regulated to the "marketing departments" of banks because it illustrates what happened for the clients. Charts are pushed on retail because the market needs you to lose money.
 
Quote from R. Raskolnikov:

I've had this same argument for a few years with these types of guys.
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Price action is a form of TA without the illusional quality of a chart. However, book reading is completely different-- the book is how HFT's trade generally.

PA is a more pure form of TA, eliminating the chart deception, but it's concept, alone, us still fatally flawed for directionally biased entries.
 
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