Why does TA not work (for you)?

Hey surf one thing, I speak only from what I know from experience, and from what I am told by an institutional veteran and spot FX dealer who I have spoke to who I would believe over anyone on this board, both have been trading FX markets since before the EUR was a ccy. They didn't sell me anything and just gave me some really good pointers and info on FX markets and how they work. I still have plenty to learn about markets.

And for the record, I work a job I can't trade for sole income. I will never sell a damn thing here, you can follow me on my journal as I try and better my trading but I will probably loose interest soon enough. I had hopes to come here and find some more knowledgeable people, I have seen only two so far, but this place might actually be worse then the rest. However, I am finding it actually good for my own trading to keep a journal.

All TA is good for is risk management and timing. If any poor noob thinks he is gonna strap a 20ma on a 5min chart and make money with nothing else, I feel sorry. That sh*t is NOISE.

and yes surf, TA is watched by the big guys, as there main strategy? not unless they just started up and plan on being shut down by the end of the month lol
 
Quote from Fah Q:

i dont know anyone who makes money using price drivers. it sounds made up.
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It is made up, I invented it to describe what I do. I declare a common-law first use trademark on the term when used in this context. Thanks for reminding me!
 
Quote from marketsurfer:

It is made up, I invented it to describe what I do. I declare a common-law first use trademark on the term when used in this context. Thanks for reminding me!
More...

does it work? if so, how long have you been using a price driver strategy? TIA
 
Quote from marketsurfer:

It is made up, I invented it to describe what I do. I declare a common-law first use trademark on the term when used in this context. Thanks for reminding me!
More...

So let me get this straight....am trying to understand your method.

If a stock/future is going down, you will not buy or sell it without knowing the "reason" it's going down? Ergo...what is driving the price?
 
Please see surfs special situation journal, the surf report part 2 and the surf report that document the development of price driver and many trades taken with it as well as when I was a TA trader.
 
Quote from marketsurfer:

Please see surfs special situation journal, the surf report part 2 and the surf report that document the development of price driver and many trades taken with it as well as when I was a TA trader.
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no thanks, that sounds like a lot of reading. i don't know any price driver traders who make money so i'm not sure i want to put that effort in. thanks anyways.
 
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