Why does TA not work (for you)?

Quote from logic_man:

You clearly misunderstood my post.

I didn't say "it can't be quantified", what I said was that the "trend logic" has to drive the quantification on a case by case basis. The quantification is more like an algebraic equation than a single number. Real-time and historical data get fed through the equations to come up with the number for that specific context. The "probabilities" refer to all instances where that equation is used to generate a trade.

Expecting someone to come out and say "It takes 3 moves of 1.42% to make a trend" is ridiculous. The market is obviously much more subtle than that.
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The above statement is psychobabble.

You refer to "probabilities"-- probabilities DO NOT exist outside of quantification--they are not derived on a case by case basis --- please demonstrate how a probability can be arrived at without the ability to quantify? I think you are going by intuition, feelings but hiding that in rhetoric. Nothing wrong with intuition, just don's use the wrong terms to describe it to make it sound "scientific".

surf
 
Well, that's for WRBtrader to find. He seems to recall it pretty well.

And what if he does find it, posts it here and its as he says?

Quote from marketsurfer:

That's what he says. I don't remember that thread-- -- please post it again, would like to see it-- as I don't believe its as stated....

surf
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Quote from R. Raskolnikov:

Well, that's for WRBtrader to find. He seems to recall it pretty well.

And what if he does find it, posts it here and its as he says?
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I'll review it to see if I should reassess my opinion.

vmpzer.jpg
 
Quote from marketsurfer:

The way around this issue is to demonstrate in real time on a third party verification site-- there are several.

The hated Tim Sykes is the ONLY elite member to EVER demonstrate consistent profits via a 3rd party veriifier.

I challenge ANY TA USER to show 90 days of over all profitable trades on a third party verification site. If so, I will recant my position that I don't believe it can be done via TA. anyone???

Logicman, Redneck Nodoji, BR, Cornx forex-- anyone up for it?
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This thread is starting to confuse me now.

First you mention T. Sykes as the only ET member that ever demonstrated consistent profits via a 3rd party verification site.

Next, you say you will recant your position because you don't believe it can be done via TA.

Why does T. Sykes not qualify considering he does use TA amongst many other resources he uses. The reason why I say he uses TA is because I've seen videos of him showing his charts, him discussing price patterns (e.g. breakouts) merge with all those other variables I've mentioned earlier (e.g. trading experience, money management, discipline and so on) that he considers to be more important than TA.

Regardless, he uses TA and if you say he's the only one you know that's had his profitability verified...why aren't you recanting your position about TA users. :confused:
 
Quote from BSAM:

Brother Surf, are you planning to use this thread as part of your book?
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Potentially--- these talks overall are extremely educational and some may make it into the book. Believe it or not, I have the utmost respect for anyone who tries to make it trading---- If I seem harsh, its in an effort for more info on the subject.
 
Quote from marketsurfer:

The above statement is psychobabble.

You refer to "probabilities"-- probabilities DO NOT exist outside of quantification--they are not derived on a case by case basis --- please demonstrate how a probability can be arrived at without the ability to quantify? I think you are going by intuition, feelings but hiding that in rhetoric. Nothing wrong with intuition, just don's use the wrong terms to describe it to make it sound "scientific".

surf
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Do you understand what an algebraic or mathematical equation is?

The probabilities are derived from the successes and failures of the equation to generate profitable trades.

Again, asking for "a number" is ridiculous. I am telling you that asking for "an equation" is much smarter and gives you much more flexibility in reacting to the specific market context.

And, guess what, "equations" ARE quantification!!!!! Every equation, when given specific inputs, generates a unique quantitative output. In Einstein's famous e=MC2 "equation", you only know the answer to what "e" is when you know what "M" is and vice versa. I'm not saying my equation for the markets is on par with Einstein's, but if you are criticizing my equation-based approach to the market as being "intuition", you have to say the same thing about Einstein's equation-based answer to "how much energy is contained within a given mass?". I know you don't mean to say that or, if you do, you are seriously deranged.

Did you even take algebra in high school?
 
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