Why does TA not work (for you)?
- Thread starter Xspurt
- Start date
A few years ago, in passing, I read about a study which showed that people with certain types of brain injuries were actually able to trade successfully at better than chance levels. The hypothesis was that the injuries had shut off parts of the brain associated with emotion, leaving the individuals able to trade without any emotional involvement whatsoever. I don't think any of these individuals were traders prior to these injuries, so it wasn't that they were drawing upon skills they'd had before the injuries. As I recall, they just watched stock charts until they decided to enter a trade.
A lot of people talk about "shutting off your emotions" when you are trading, but here was a group of people who had no choice in the matter and did well. I don't know if this would constitute "proof" that all you need to trade is to look at charts, but I think the results (assuming they held up over multiple studies. I can't even seem to find the original with a quick Google search) are provocative.
I would like to see links to that study ( brain damage winning traders). O I surmise it doesn't exist and if it does it's published low tier with lots of issues. Thanks!
There are a few. I have personally met 9 hedge fund managers ( 3 of whom are in the billion plus AUM area) that post on elite. You would never guess who they are -- they are all very humble and post infrequently. I have met 2 traders from Knight and several others from institutions who post here. You should attend the surf fest this year,(2013 NYC trader expo weekend) I'll introduce you. I do agree, they are the minority but they are here
Surf.
PS. I dont know what bright is teaching now-- however I do know it isn't TA except to describe what has happened.
Well, like I said, I couldn't find it with a quick Google search and I'm not going to hunt all over for something I've already read just to help someone else read it. I only mentioned it because it's the kind of thing that sticks with you once you see it in print and it fit with the idea that some people are just better hard-wired for trading or can become better hard-wired if they can turn off certain parts of their brain.
If I remember correctly, it was linked over at the old Brent Steenberger (sp?) site. Not his most recent one, which shut down about 2 years ago, but the one before that.
Currently, the market has a status in a trend.
The trading fractal I reference is the seen as the middle fractal of the three fractals showi9ng in the familiar 5 minute chart.
Put up ten different charts from 10 different platforms and they all say the same thing.
We are in the mifddle of a long trend.
Tomorrow Monday (06AUG12) you may enter long at the beginning of bar 1 which I call the 9:35 bar (it is named for the time at the end of the bar 300 seconds into the five minute bar.
Bar 1 is like a seesaw fulcrum, some of the trend is in the past and some of the trend will happen as the future comes into the Present.
It is proper to monitor and analyze in the Present.
What is left of the trend is (in volume) are xeveral events. Six named events are possible. Think of them in a funnel being poured into the present.
As the funnel they pass through narrows some get ahead of others. If the last part of the trend pieces arrive soon, then the other pieces will not be part of the trend.
For PA type people, in this trend the first move has not been completed. This means two other moves will follow when the first move is completed.
So lets define what will be happening on bar1, 2, 3, etc on the open tomorrow.
A point that will be used to set the LTL will come first.
You have point FTT on bar 78. This is the End of the prior short you traded as your last trade on Friday. Bar 79, bottom, is the first point of two points of the RTL of the new long trading trend. Think of it as a place where a line begins and which has a positive slope. So first off draw a horizontal line from the bottom of bar 79 of friday. I do it as a ray and I call it a bookmark.
The first trough of the long trend is on bar 81.
Lets learn to read bar 80 as a life shaking experience. Bar 80 does not count. On your screen you see it is in a yellow bow indicating it is a symmetric pennant and it has a lower volume. since price is in a shadow AND volume is NOT the larger volume of the formation, then there is no possible signal from bar 80.
If you read about the failure of the software people marketsurfer trust, the bar 80 story is one they do not know about. Hence they can flush all their work so far down thier toilet. Their is a humorous book about their ilk that is set in Santa Fe. I hope all of you getto read it someday.
Ti is on bar 81 and before that you label P! on bar 79.
You need to find P2. It will be on bar 1. Make a note to begin the LTL on bar 1.
you have been in long for about 290 seconds as bar 2 begins. It will begin on the close of bar 1 and grow in volatility. Use PRV to know if it will be longer in ticks than bar 1. Notice bar 1 is much longer than bar 81.
At first on bar 2 you see it is in a yellow box. this means it is one of 8 possible two bar formations and you can relax as you hold in your long position.
At some point the box will disappear. Note the time in seconds in the sconds column of your log.
Since bar 2 is an offset black bar from bar 1 and the volume is greater, then you have another repeated P2.
The funnel has dumped two P2's in a row and you can see the volatility of the long trend parallelogram is gaining in volatility. This tells you about the pending slope of the RTL. It is in a direct (as opposed to an inverse) relationship to the slope.
Following P2 is the trough (T2) of volume that givesyou the point 3 of the RTL. To go from a peak volume to a trough volume can take 1 or 2 or 3 bars.
The point is this. You have time on your hands (boredom the ignorant call it) because the usual trend ends inside the drawn parallelogram. we need to have point 3 to get the parallelogram drawn.
There are 8 exceptions that bring a trend to a close at either Ti, P@ or just after P2. the hyper ocean 5 calls them swans (colorless because he is lazy, too). To make a list of these, you go to my prior calls where theyappeared for your learning pleasure.
Let me do one for you, since we are in a long and a P1 and a T1 have occurred.
If there were another T1 on bar 1 (there won't be) AND then if the P2 were BETWEEN the two T1's with no interuption of an internal (yellow box "wait"), then the long trend would end right then and there. So make a list of the 8 "quickies" that I put on the hete to risk illustration.
as the day opens, you know full well that the opening range will be established. TA does this. you will see black bars then red bars then black bars and an FTT in the parallelogram you have draw,
A reminder: you have to degap the close of bar 81 and the open of bar 1. (again marketsufer's coders donot know this either.; they are all fucked and eaningtheir paychecksuntil the company folds) to be able to draw the parallelogram.
you also have to degap bar to bar to KNOW if a shadow is being cast to create an internal.
All of these things are omitted by all of the posters in this thread. So they either learn to do it correctly or they do not succeed in trading. There are percentages available on this and the percentages are true.
Now we have breaezed through, roughly the first 30 to 40 minutes of the day on a long range opoening trend like every other day of trading existance.
most of you do not carry over trends from day to day. YOU ARE MISTAKEN. So you either shape up or not trade the open.
read xspurt, he cannot trade the open and now you know why.
nodoji is explaining reading to you. There is also a comment on how hard it is to learn a foreign language. You all need to learn about markets since the posting about learning is going to be in a language that, so far, is foreign to you. Capishe!!!!
My post, the first one here from me, answers a question that came up on page 16 from freaky.
So I am not posting again today since you all are ready to make money starting from 12 seconds into bar 1. You exit the long when your feeleings tell you that you "do not know that you know".
Annotate and log.
I have the anwser to all questions ever asked on ET.
The trading fractal I reference is the seen as the middle fractal of the three fractals showi9ng in the familiar 5 minute chart.
Put up ten different charts from 10 different platforms and they all say the same thing.
We are in the mifddle of a long trend.
Tomorrow Monday (06AUG12) you may enter long at the beginning of bar 1 which I call the 9:35 bar (it is named for the time at the end of the bar 300 seconds into the five minute bar.
Bar 1 is like a seesaw fulcrum, some of the trend is in the past and some of the trend will happen as the future comes into the Present.
It is proper to monitor and analyze in the Present.
What is left of the trend is (in volume) are xeveral events. Six named events are possible. Think of them in a funnel being poured into the present.
As the funnel they pass through narrows some get ahead of others. If the last part of the trend pieces arrive soon, then the other pieces will not be part of the trend.
For PA type people, in this trend the first move has not been completed. This means two other moves will follow when the first move is completed.
So lets define what will be happening on bar1, 2, 3, etc on the open tomorrow.
A point that will be used to set the LTL will come first.
You have point FTT on bar 78. This is the End of the prior short you traded as your last trade on Friday. Bar 79, bottom, is the first point of two points of the RTL of the new long trading trend. Think of it as a place where a line begins and which has a positive slope. So first off draw a horizontal line from the bottom of bar 79 of friday. I do it as a ray and I call it a bookmark.
The first trough of the long trend is on bar 81.
Lets learn to read bar 80 as a life shaking experience. Bar 80 does not count. On your screen you see it is in a yellow bow indicating it is a symmetric pennant and it has a lower volume. since price is in a shadow AND volume is NOT the larger volume of the formation, then there is no possible signal from bar 80.
If you read about the failure of the software people marketsurfer trust, the bar 80 story is one they do not know about. Hence they can flush all their work so far down thier toilet. Their is a humorous book about their ilk that is set in Santa Fe. I hope all of you getto read it someday.
Ti is on bar 81 and before that you label P! on bar 79.
You need to find P2. It will be on bar 1. Make a note to begin the LTL on bar 1.
you have been in long for about 290 seconds as bar 2 begins. It will begin on the close of bar 1 and grow in volatility. Use PRV to know if it will be longer in ticks than bar 1. Notice bar 1 is much longer than bar 81.
At first on bar 2 you see it is in a yellow box. this means it is one of 8 possible two bar formations and you can relax as you hold in your long position.
At some point the box will disappear. Note the time in seconds in the sconds column of your log.
Since bar 2 is an offset black bar from bar 1 and the volume is greater, then you have another repeated P2.
The funnel has dumped two P2's in a row and you can see the volatility of the long trend parallelogram is gaining in volatility. This tells you about the pending slope of the RTL. It is in a direct (as opposed to an inverse) relationship to the slope.
Following P2 is the trough (T2) of volume that givesyou the point 3 of the RTL. To go from a peak volume to a trough volume can take 1 or 2 or 3 bars.
The point is this. You have time on your hands (boredom the ignorant call it) because the usual trend ends inside the drawn parallelogram. we need to have point 3 to get the parallelogram drawn.
There are 8 exceptions that bring a trend to a close at either Ti, P@ or just after P2. the hyper ocean 5 calls them swans (colorless because he is lazy, too). To make a list of these, you go to my prior calls where theyappeared for your learning pleasure.
Let me do one for you, since we are in a long and a P1 and a T1 have occurred.
If there were another T1 on bar 1 (there won't be) AND then if the P2 were BETWEEN the two T1's with no interuption of an internal (yellow box "wait"), then the long trend would end right then and there. So make a list of the 8 "quickies" that I put on the hete to risk illustration.
as the day opens, you know full well that the opening range will be established. TA does this. you will see black bars then red bars then black bars and an FTT in the parallelogram you have draw,
A reminder: you have to degap the close of bar 81 and the open of bar 1. (again marketsufer's coders donot know this either.; they are all fucked and eaningtheir paychecksuntil the company folds) to be able to draw the parallelogram.
you also have to degap bar to bar to KNOW if a shadow is being cast to create an internal.
All of these things are omitted by all of the posters in this thread. So they either learn to do it correctly or they do not succeed in trading. There are percentages available on this and the percentages are true.
Now we have breaezed through, roughly the first 30 to 40 minutes of the day on a long range opoening trend like every other day of trading existance.
most of you do not carry over trends from day to day. YOU ARE MISTAKEN. So you either shape up or not trade the open.
read xspurt, he cannot trade the open and now you know why.
nodoji is explaining reading to you. There is also a comment on how hard it is to learn a foreign language. You all need to learn about markets since the posting about learning is going to be in a language that, so far, is foreign to you. Capishe!!!!
My post, the first one here from me, answers a question that came up on page 16 from freaky.
So I am not posting again today since you all are ready to make money starting from 12 seconds into bar 1. You exit the long when your feeleings tell you that you "do not know that you know".
Annotate and log.
I have the anwser to all questions ever asked on ET.
Thanks. Dr. Brett is a friend, I'll send him an email.
Surf
Now we screwed, to quote the great Pink Floyd, "the lunatic is on the grass".
colorless...b/c i`m lazy...
this is the best i`ve ever read here!i was laughing through the tears!!
why is this world so cruel Jack!i`m not lazy,i`m stupid.dont you get it?why didn`t i met you 50 years ago even though i`m 36?
let`s assign the defenition to the colorless beast?let them be 'grey' from now on!