Why does TA not work (for you)?

[ammo]

Quote from marketsurfer:

Thank you, NoDoji--- Finally, a sensible approach and understanding of TA. You have a deep understanding of what is being talked about,its great to see a TA person brave enough to admit these things.

With that said, may I suggest the book "Evidence Based Technical Analysis" by my friend David Aronson. If one is going to use TA, it might as well be used in a scientific manner as described in this book.

Regardless, I still contend that random entries with money management will provide the same results over time as "non predictive" chart based entries. I really don't understand the difference.

regards,

surf

charts ,ta are not really predictive,entering at support or resistance or holding to target are useless without good money management but entering at resistance tops or support bottoms and holding to target has been, is more profitable than entering randomly at any point on a chart and getting in/out on a whim,TA s just a tool that makes a slightly informed decision slightly more informed

 

[marketsurfer]

Quote from cornixforex:

OK, but overall as you state TA entries are actually random, with money management applied is it a profitable activity or unprofitable?

They are definitely random because a price only TA trader, in fact nearly every trader, lacks INFORMATION. So what may seem non random to you, is actually random in reality as you can not be privy to all the market moving information at the time of entry-- therefore, facts are, you are entering a random environment regardless of whatever constructs you create around that environment.

The price driver system, although it is not privy to all information at the time, takes into account dozens of addition imputs other than price in an attempt to create edge via information at the time of entry. It's more powerful than TA by an order of magnitude,as it anticipates rather than follows.

 

[pythontrader]

Quote from SteveH:

Donna,

If you randomly pick trades from the population of valid trade setups from a positive expectancy system, it will not alter the long-term outcome of success. The only way it would be possible to do so (with negative results) is if the person has the subconscious ability (i.e., intuition) to consistently choose a greater majority of bad outcomes which, of course, is not random. The converse would hold as well: another person having the intuitive ability to non-randomly pick more of the winners than losers, exceeding the experienced results of someone taking all of the setups in the same time periods.

For example, no matter how hard anyone tries, s/he cannot pick and choose coin flips (from a fair coin) and alter the long-term probabilities of the experienced distribution results. The randomness has no reliance on the participant's timing of when to decide to choose a side. It is "built-in" to the fair coin itself.

So, there are two ways to neutrilize a person's intuition in taking trades from a positive expectancy system which could negatively impact the results: either take all of the trades OR flip a coin, you take the trade if it's heads, pass it it's tails (or vice verse). Then, you're assured of taking random entries from a winning system and your long-term expectancy results WILL mirror those of someone who took all of the trades.

Learn how to speak English first. Your posts are pain in the ass to read. For Christ's sake. Or talk to Jackass Hershey...

 

[cornix]

Quote from marketsurfer:

They are definitely random because a price only TA trader, in fact nearly every trader, lacks INFORMATION. So what may seem non random to you, is actually random in reality as you can not be privy to all the market moving information at the time of entry. surf

It wasn't quite the answer to my question, which is: do you consider trading this way to be unprofitable or profitable activity in the long run?

If you allow, would you please also add, how many trades would you consider "the long run".

 

[ammo]

Quote from pythontrader:

Learn ....pain in the ass..... Jackass .

sound extremely negative like a former poster that used the blotto handle,like the miserable dog that barks and goes into attack mode every time you pass his fence,what are you protecting

 

[cornix]

Quote from ammo:

sound extremely negative like a former poster that used the blotto handle,like the miserable dog that barks and goes into attack mode every time you pass his fence,what are you protecting

Yea, people better be more tolerant to English level of us, for whom it's the second language, doubt many of ET'ers would write in Russian for example at least as well.

 

[pythontrader]

Quote from ammo:

what are you protecting?

ET and Jack of course.

 

[SteveH]

Quote from pythontrader:

Learn how to speak English first. Your posts are pain in the ass to read. For Christ' sake. Or talk to Jackass Hershey...

You don't have to take every trade from a winning system. You can flip a coin and just take the ones which turn up heads and you will still have a winning system.

[Sorry, I'm still 24 characters over the 140 character limit you Twitter generation dumb-asses need to retain a single thought.]

 

[pythontrader]

Quote from SteveH:

You don't have to take every trade from a winning system. You can flip a coin and just take the ones which turn up heads and you will still have a winning system.

[Sorry, I'm still 24 characters over the 140 character limit you Twitter generation dumb-asses need to retain a single thought.]

Ok... We still have got a moron here... Now, how many characters was it?

 

[ammo]

Quote from pythontrader:

ET and Jack of course

i can understand the disdain for a lot of the fodder on the net,but when the dog barks and it's offensive, we excuse him because of his lower intellect,people on the other hand ...