Why does TA not work (for you)?

Quote from contra:

Got



I still believe we as human traders can find inefficiencies and have good feel for markets and make money.

but using straight up TA... probably wont get anyone far.
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Agree--- edge exists but it's not with past price charts, price action after execution or TA
 
Well, as I'm sure you know, one trade does not a consistent method make. You didn't answer the question about whether your method was consistent using TA over a substantial amount of time or not. I'll take it your method wasn't. I didn't "believe" in TA until I had a year of consistent profitability, day in and day out. Sure I made some mistakes along the way, but once I proved to myself through growing my trading account that I could make proprietary TA work, then I believed in it's value. This was in late '98. Haven't looked back since :)



Quote from marketsurfer:

Nah, I had my largest win ever while deeply immersed in TA work. I use to chart by hand prior to the Internet --LOL! I took several steps back and tried to view the market as a whole plus discovered who was really making consistent money in the markets. It wasn't the TA crowd--- hence the new information required a complete change of philosophy.
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Quote from TheBlackHand:

With due respect it cant.
TA is the study of trade data in graphical form on a chart. PERIOD. Could be minute, volume, range, renko p&f bars etc. Dont matter.

Saying that T&S study is TA is balderdash. T&S study is T&S study. It isnt TA unless you place that same data on a chart. Then you can apply TA.

Is it no wonder the proponents have such difficulty defending their argument when they cant even define what they are trying to defend?????!!!!!!

Is it no wonder, that despite Surfs kind and noble efforts, you guys still dont get it?
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Exsqueeze me, brother Black but the sales are reflected on the chart.
The sales are real; that's why the chart is real.

T&S is PA.
PA is TA.

And, the sky is blue.

And, if A=B and B=C, then A=C.

It's not that hard to understand.
 
Quote from TheBlackHand:


TA is the study of trade data in graphical form on a chart.
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WRONG.

Did you read my prior post?

"Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements."

Most people seem to associate charts with TA, but any analysis using price as the sole input is technical analysis including using the T&S and what happened right NOW or one second ago, whether that is displayed on a chart or using a DOM or T&S.
 
Quote from BSAM:

My charts reveal to me all the real "price drivers", because the only truth in the market is price.

...
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Beauty is in the eye of the beholder right (just like TA patterns and meanings)
 
Quote from Laissez Faire:

WRONG.

Did you read my prior post?

"Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements."

Most people seem to associate charts with TA, but any analysis using price as the sole input is technical analysis including using the T&S and what happened right NOW or one second ago, whether that is displayed on a chart or using a DOM or T&S.
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Brother Faire, they just don't know because they simply haven't put in the time and effort it takes to understand the nature of PA.

The writings on this thread make many things so apparent.

I'm not saying anyone here is stupid, just unaware...There's a big difference.
 
Quote from TheBlackHand:

Beauty is in the eye of the beholder right (just like TA patterns and meanings)
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Not really.
I don't use TA patterns.
 
Quote from Laissez Faire:

WRONG.

Did you read my prior post?

"Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements."

Most people seem to associate charts with TA, but any analysis using price as the sole input is technical analysis including using the T&S and what happened right NOW or one second ago, whether that is displayed on a chart or using a DOM or T&S.
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Well then that just digs your camp in an even deeper hole.

No good practitioner would aver attempt to forecast. If thats what TA is for - forecasting, then thats why you cant make money with an approach based on TA.

You see a competent person does not predict or forecast the market. He/she simply manages probabilities and outcomes.

Sorry, but you really lose face when you (and BSAM) state that T&S and DOM are also TA. They arent. The fact is, you & BSAM have realised the error of your thinking and are now trying to move the goal posts of what TA is.

When you read any TA book (drivel), nowhere do they mention T&S, DOM etc. NO WAY JOSE!!
 
Quote from TheBlackHand:

Well then that just digs your camp in an even deeper hole.

No good practitioner would aver attempt to forecast. If thats what TA is for - forecasting, then thats why you cant make money with an approach based on TA.

You see a competent person does not predict or forecast the market. He/she simply manages probabilities and outcomes.

Sorry, but you really lose face when you (and BSAM) state that T&S and DOM are also TA. They arent. The fact is, you & BSAM have realised the error of your thinking and are now trying to move the goal posts of what TA is.

When you read any TA book (drivel), nowhere do they mention T&S, DOM etc. NO WAY JOSE!!
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Gosh-O-Mighty this is funny!
 
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