Why does TA not work (for you)?

Quote from RangeTrader:

Study up on Taylor sequences ocean5... This market is declining in sequence duration. The market spends about the same amount of time falling as it does rising when going sideways. If it's in an uptrend it spends more time rising than falling. Downtrend... More time falling than rising.

Not sure if the next short setup is Monday or Tuesday... Meh, need to get more momentum readings and see some Monday price action.

It was also kinda obvious we were testing the 50% retrace...

After five five day rallies in a row it was definitely time for the sequences to start being varied a bit because people were starting to catch on.
More...

It`s all an approximaion and another dead end,i suspect.I`d rather study something related to certainty.
 
Quote from SamGold:

1-Post your 2011 year 1040 if you are US citizen or resident (we both know you are), and a broker run of all your trades since January 1, 2012 till yesterday (preferiby also load the results in EXCEL so we can chart your equity day-by-day).

How do we know you aren't a hindsight clown, as you have clearly demonstrated to be countless times in the past?.

If you post yours I'll post mine, but I'm not a US resident or citizen.

Put up or not. Your choice.

How's yoohoo doing, full moon was 2 days ago, is he out of the psychiatric ward for the weekend yet?.
More...
Exactly.

Post a blotter, or it's bullshit.

TA makes ass clowns out of the arithmetically incompetent.
 
Quote from FreakofNature:

These hindsight geniuses are everywhere these days.
More...

I agree.It`s kinda obvious until it is not,and you are already in.:eek:

Then what?Train of thoughts.
 
Ocean I gotta go out now but I'll deal with that later. To help, can you tell me the time frame you were trading and if you were holding overnight or day trading.
 
Quote from jcl:

How do you define TA? If you look at all the traditional TA indicators, such as moving averages, "stochastic", candle patterns, price action and so on, it's easy to show (and has been done several times) that they do not work. Except for the authors of some books and software, who get a good income through them.

However if you define TA as a general way to analyze price data with somewhat more intelligent methods, find autocorrelations, and trade them with an automated algorithm, then you can see that it obviously works and is profitable. Many people, me included, earn a living with that.

So the question is not if TA works or not, the question is just how to avoid beginner's traps and develop a profitable TA method.
More...
Hi Jcl - How are those software sales doing?

No comment on efficacy .. but from memory your package was better though out than most.

Feel free to post a link, hook a muppet etc.
 
Quote from Xspurt:

Ocean I gotta go out now but I'll deal with that later. To help, can you tell me the time frame you were trading and if you were holding overnight or day trading.
More...

i was trading FDAX - European session 45 min after the opening.TF was 8 minute.I was out with loss by 7 or 8 am EST,as far as i remember...
 
The so called "black swan" event occurred on several stocks on my list yesterday (hon, itw, nsc). I knew that these stocks were moving up like this because I use a technical indicator that told me so.

However, I was unconcerned with these stocks because the way the market was moving up, I was concerned with buying bottoms and I have a technical indicator that tells me which stocks these were.

I got 19 buy signals from two other indicators that I use and 18 of these were successful.


Regards
hoodooman
 
Quote from hoodooman:

.. I knew that these stocks were moving up like this because I use a technical indicator that told me so..
More...

This is a missing element i`m looking for.An indicator signaling the Black Swan events.Any chance you`ll give some tips on what kind of an indicator that is?
 
You must log in or register to reply here.
Back
Top