Why does TA not work (for you)?

Quote from BSAM:

Good post, brother Corn.
The true price is right there on the chart, for all to see.
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Thanks, brother SAM.

Just a few years of staring at the price and a few wise people to give hints what to look for and things start to look not as complicated as many believe. :)
 
Quote from cornixforex:

Thanks, brother SAM.

Just a few years of staring at the price and a few wise people to give hints what to look for and things start to look not as complicated as many believe. :)
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And believing what you're seeing - many don't (the mr mkt is out to get me syndrome)

RN
 
Quote from marketsurfer:

I don't believe any past price data can be used to create greater odds of a move continuing or failing. surf
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I'd say that this is arguably true 90% of the time. At least, there is sufficient randomness during that 90% that my algorithm can't pick up a signal, so what I'm really saying is that I don't have a dog in that fight. The other 10% of the time, it's false and past data can be used to identify high-odds moves in a specific direction.

I'm getting those numbers just by adding up the number of hours in the trading day minus the number of hours I estimate that I'm in a trade per day.

It's that 10% that makes my algorithm work.
 
Quote from logic_man:

I'd say that this is arguably true 90% of the time. At least, there is sufficient randomness during that 90% that my algorithm can't pick up a signal, so what I'm really saying is that I don't have a dog in that fight. The other 10% of the time, it's false and past data can be used to identify high-odds moves in a specific direction.

I'm getting those numbers just by adding up the number of hours in the trading day minus the number of hours I estimate that I'm in a trade per day.

It's that 10% that makes my algorithm work.
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When I read your first sentence, I thought I was going to have to take your Gold Medal away, brother Logic.
Thanks for clarification.
 
Quote from Redneck:

And believing what you're seeing - many don't (the mr mkt is out to get me syndrome)

RN
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Believing is the easiest part. :)

Because as you see "it" works again and again and again... it's not anymore a matter of a belief, but a matter of knowledge.

But I agree, at times I still sit and can't believe why "it" works so well. :)
 
Quote from BSAM:

"Gut feelings" are for taking a shit, not for trading.
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So true... Intuition is just information processed by our brain in slightly different way than "surface layer" consciousness. Still based on what we know, just not necessarily know that we know. So no gut involved. :)
 
Why is it that some people seem to try to make trading as hard as possible?
Does it make them look more erudite than everybody else?
 
Quote from cornixforex:

Believing is the easiest part. :)

Because as you see "it" works again and again and again... it's not anymore a matter of a belief, but a matter of knowledge.

But I agree, at times I still sit and can't believe why "it" works so well. :)
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I hear ya CF.. but I was really referring to the folks who think/ believe T/A doesn't work


RN
 
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