Why does TA not work (for you)?
- Thread starter Xspurt
- Start date
Rock n roll hootchie koo. Do TA traders believe they can make winning trades from z randomly generated chart like the ones posted earlier? If so, why and if not, why not? Therein Lays the logical fallacy of your entire premise.
Surf
Surf
Does your price drivers system work with the same consistency if you use only one piece and disregard the other components that have you "believing" in its success?
I hope you don't mind my chiming in briefly but, no. One piece of data - if that's what you meant - is of no use. Whether your method of analysis is fundamental, statistical, economic, and so on, all we're doing is analysis a time series, which requires an almost infinite amount of data. Pick your starting point.....
I'm a trader who likes to write about my experiences. Surf
Exactly, thanks for the cogent response. Surf.
Exactly, which was my point. If you trade successfully using TA, most likely a chart alone will not suffice.
If TA analysts don't think the market is random, why would the ability to make winning trades on a randomly generated data series matter?
The TA analyst would obviously say "The fact that you can't make consistently winning trades on random data means nothing because the market is not random".
It's interesting the things you think are convincing arguments.
What field have you had more financial success in?