He has answered this at his annual party. the answer was no, I'm told.
Why does TA not work (for you)?
- Thread starter Xspurt
- Start date
He has answered this at his annual party. the answer was no, I'm told.
I'm currently working with a newbie who I confirmed was clueless about PA/TA. He is very young, too, so I'm pretty sure he doesn't have a whole lot of trading experience.
Once I've completed the Vulcan Mind Meld and he's had a couple months of live day trading experience using the 5m time frame (which is pure noise and offers no exploitable edge), I'll encourage him to offer an opinion here.
Once I've completed the Vulcan Mind Meld and he's had a couple months of live day trading experience using the 5m time frame (which is pure noise and offers no exploitable edge), I'll encourage him to offer an opinion here.
Quote from R. Raskolnikov:
He's definitely not stupid, but he's arrogant and ignorant (about this particular topic)....a deadly combination
I'm sure he excels in his area(s) of expertise. But when he ventures into day trading discussions, he becomes a fish out of water.
Surf works as a fee based introducer. He introduces people with money to people who are incorporated and who charge fees and commissions for services.
You are correct about the fish part. He pegs those who pay him by how they do "intake" of the money he scares up.
When he is talking to people who are independent and operate making money themselves, he is searching to see if they do better than those who pay him for prospects.
You become a prospect if you don't do too well or if you might know someone with money who got interested in you.
When I met a good trader, the conversation always comes around to am I filled up with POA's, if not could I handle some money that is not being handled (too filled up) by my acquaintance.
All the good traders I know are always looking to lay off money where another trader can handle it. Most are private pro's.
This has nothing to do with surf's money manager corps; they do not make any money to speak of. They just take money from rich people who have NO place to go.
surf said he thinks they colude with one another. lol....
Here you see a lot of baggage falling by the wayside.
There is no way surf could get into the Links Club, the Cos Club, or the Century Club. All these clubs are filled with passive money types. They stay close and defend their turf from those who want to introduce them to money handlers.
Surf's quiver has to have "TA doesn't work" in it. Prospecting has to get clients that are "conditioned" for closing.
Is surf going to take anyone I have passed on? No, they cannot be conditioned to write the check to those who pay him fees.
TA's first part is what is talked about in this thread. The monitoring part.
Analysis is being separatd away and not discussed.
If analysis had two parts, they would be: the present and the Book and the games on the book.
I am lucky because the Present has a status part way through a trend and just how far is precise. My leading indicator tooling is binary as well. All I do is find out if the Book is going to convert one kind of an order to a different kind. I know this for all values, each value separated by the granularity.
Watch a WALL being touched (i.e., the limits turned to "market" orders). The "markets" are FIFO'ed and they move the market "away" from the wall quite smartly.
Reversals are running long about every ten bars or so today.
Truth up brothers and sisters of the TA defender syndicate
I'll bet One or more of you has a vested interest in defending TA-- you sell education, run a site, do seminars sell books or offer "coaching"--- sister doji admitted to this earlier.
Who else makes money from promoting TA?
No shame in that, just trying to understand the defense when the evidence is clearly not with you-- other than personal claims...
I'll bet One or more of you has a vested interest in defending TA-- you sell education, run a site, do seminars sell books or offer "coaching"--- sister doji admitted to this earlier.
Who else makes money from promoting TA?
No shame in that, just trying to understand the defense when the evidence is clearly not with you-- other than personal claims...
Just to clarify, I have been involved in the market since 1990 when I made my first option trade with borrowed money. I am very experienced in this arena. Hence my ability to call BS on claims. Surf.
Surf, you haven't daytraded in 7 years and you don't even trade full time! Stop embarrassing yourself and just admit that, PERHAPS, there are things that you do not know or understand.
I know very little about swing trading so I never talk about it. It's a good rule for all to follow.
I know very little about swing trading so I never talk about it. It's a good rule for all to follow.
Quote from BSAM:
His name wouldn't be Surfer, Jr., would it?
Sister ND, I thought you used to use the 5 minute time frame.
Just like my trading evolved, Sister doji will evolve and understand the truth about TA. It's all noise without a quantifiable edge. She sees the light with 5 min time frame calling it noise. Soon all true seekers of market truth will understand my words.