Why does TA not work (for you)?

[R. Raskolnikov]

"Can not be shown or proven" is entirely false, I could do so but risk revealing my methodology all for what, satisfying your curiosity?

The mkt lines up the trades and creates the "biases", I just interpret the signals and when alignment occurs on my time frames, I take the trade. All entries are 100% non random and objective. Exits can be objective but most of the time I use subjectivity with regards to time of day, whether its a slow summer trading day etc.

Quote from marketsurfer:

Yes, I have no argument with intuitive chart reading--- if you have that talent, more profits to you. My argument is with TA users who think they are quantifiably increasing the odds on an entry. This can not be shown or proven-- therefore, its chart interpretation via skill, talent, intuition whatever.... If this was just admitted, I can't argue with it.

 

[traderchi128]

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?

Tim Sykes?????

You have hit rock bottom Surf. Sykes had a very short period where he did well. Then got demlished and blew up his "fund".

Great example............

 

[marketsurfer]

Quote from R. Raskolnikov:

"Can not be shown or proven" is entirely false, I could do so but risk revealing my methodology all for what, satisfying your curiosity?

The mkt lines up the trades and creates the "biases", I just interpret the signals and when alignment occurs on my time frames, I take the trade. All entries are 100% non random and objective. Exits can be objective but most of the time I use subjectivity with regards to time of day, whether its a slow summer trading day etc.

Can it be programmed and automated? Sounds like its intuitive-- interpreting the signals....

surf

 

[marketsurfer]

Quote from traderchi128:

Tim Sykes?????

You have hit rock bottom Surf. Sykes had a very short period where he did well. Then got demlished and blew up his "fund".

Great example............

Sykes is still doing great. Check out his covestor account.

Yeah, his strategy was not transferable or scalable to OPM in the fund-- its more of a retail trader thing-- small scale.

surf

 

[traderchi128]

Quote from R. Raskolnikov:

http://www.timothysykesdotcom/2008/...rames-by-brian-shannon-or-lose-money-trading/

"So you can imagine my surprise/delight when I discovered Brian Shannon’s (Alphatrends.net) debut book Technical Analysis Using Multiple Timeframes to be the single most accurate/honest/understandable book on charting since Steve Nison’s classic: Japanese Candlestick Charts."

That’s right, I want you to pick up a copy right the hell now and read in awe as Shannon explains how it’s not just about memorizing chart patterns—anybody who tells you that is a typically useless finance freak—it’s infintely more important to understand how variables, players and emotions align to create shockingly similar, repetitive, and, more importantly, predictable chart patterns ."


Straight from your horses mouth

Game...set....match.

 

[R. Raskolnikov]

Yes, it can be programmed. Like I said exits CAN be objective but not the entries. Entries are always 100% objective and non random.

How about price driver method? Can that be programmed?

Quote from marketsurfer:

Can it be programmed and automated? Sounds like its intuitive-- interpreting the signals....

surf

 

[marketsurfer]

Quote from R. Raskolnikov:

Yes, it can be programmed. Like I said exits CAN be objective but not the entries. Entries are always 100% objective and non random.

How about price driver method? Can that be programmed?

thanks.

I don't know for sure-- price driver is still in its infancy.

Everyone should read this thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=247268&perpage=6&pagenumber=1

surf

 

[traderchi128]

Quote from marketsurfer:

Yes, I have had my ups and downs. Wins and losses-- no doubt.

I dont trash anyone. I think I remain respectful, never any personal attacks, etc I do trash concepts--like quantifiable TA that I know have little merit-- yet folks keep on believing..

surf

Surf, you are absolutely trashing guys who use TA/PA/Pattern Recognition.

You have a strategy that works for you. Great. Price drivers. I don't necessarily believe in your methodology but you know what.....if it works for you....GREAT.

Your consistent bashing really diminishes your credibility.

 

[R. Raskolnikov]

Are you SURE it will be consistent over time? Don't want you to become a true believer in something again that doesn't have a personal track record of success for you over an extended period of time.

Quote from marketsurfer:



I don't know for sure-- price driver is still in its infancy.


surf

 

[traderchi128]

Quote from marketsurfer:

Sykes is still doing great. Check out his covestor account.

Yeah, his strategy was not transferable or scalable to OPM in the fund-- its more of a retail trader thing-- small scale.

surf

Surf, he is doing great hawking dvd's on his site. He has mastered the game of selling a unscalable strategy to new traders with $4000 in an account trading 200 shares of a 7.00 stock. Good luck with that. If he had a strategy that could make money he would be trading.

If the world of tiny retail traders diminishes, he will be fucked as he can't make any kind of money with his strategy. Basically he attracts the same people who watch "Jersey Shore" and convinces them to trade.