Why does TA not work (for you)?

[contra]

Quote from marketsurfer:

Some may look at them to illustrate what has happened. But they are not used for trading decisions by the vast majority.

I agree that may be the last thing they look at but I think they have effect in where they execute the orders, so that is good enough for me to keep an eye on.

 

[marketsurfer]

Quote from R. Raskolnikov:

Every new permutation? As brother black would say....NO WAY JOSE! LOL

There is always someone new making crazy claims--- but you are right 99% of the new claims boil down to same old stuff

 

[marketsurfer]

Quote from contra:

I agree that may be the last thing they look at but I think they have effect in where they execute the orders.

Why? They can make the book. No need to look at the past when you design the future.

 

[contra]

Quote from marketsurfer:

Why? They can make the book. No need to look at the past when you design the future.

liquidity, and thats even in the FX market.

 

[marketsurfer]

Quote from contra:

liquidity, and thats even in the FX market.

They call their friends in other firms to discover when liquidity is arriving. Past liquidity that you see is too late.

 

[contra]

Quote from marketsurfer:

They call their friends in other firms to discover when liquidity is arriving. Past liquidity that you see is too late.

come on man, the friends they compete with?

surf I am not going to argue let's just agree to disagree on that then. I know this as pretty much fact that they keep there eye on TA. maybe not all of them but enough to make it matter.

 

[marketsurfer]

Quote from contra:

come on man, the friends they compete with?

You would be surprised.....charts are for noise traders. Informed traders use info arbitrage and structural edges.

 

[R. Raskolnikov]

I never said that 99% boil down to the same old stuff. In fact, I implied the opposite.

Quote from marketsurfer:

There is always someone new making crazy claims--- but you are right 99% of the new claims boil down to same old stuff

 

[R. Raskolnikov]

7 years away from daytrading and you're still an expert, LOL

Quote from marketsurfer:

You would be surprised.....charts are for noise traders. Informed traders use info arbitrage and structural edges.

 

[contra]

Quote from marketsurfer:

You would be surprised.....charts are for noise traders. Informed traders use info arbitrage and structural edges.

there is a structural edge there in a way. Noise trading to me is people on 1min/5min charts.