LOL, right over surf's head!!
Why does TA not work (for you)?
- Thread starter Xspurt
- Start date
traderchi128
Guest
Nah....I bet you he understood.
You must not know what the word "illustrate" means 
Quote from HurricaneUS:
NoDoji: It can't very well illustrate a measured move break out of a bull flag channel until after the fact, can it?
you've just made surf's point
Quote from NoDoji:
It can't very well illustrate a measured move break out of a bull flag channel until after the fact, can it?
HurricaneUS wanted you know "before hand" that cornixforex was going to make a commentary that flags in strong trends are probably the best breakouts so that you'll have enough time to post a real-time chart or real-time commentary as the CL futures breakout was occurring.
For example, I like volatility breakouts.
Therefore, to make HurricaneUS happy...you should know that I was going to say I like volatility breakouts "before I said it" so that you can respond in real-time with a real-time chart or real-time price action commentary of one occurring.
To do such, I recommend you subscribe to this thread so that you can get real-time email updates that someone has posted a message in this thread...preferably you get the updates "before" the commentary actually happens so that your replies with charts are not hindsight.
I now strongly agree. The fat lady is singing and everybody's point has been made a dozen times over. I'm outta here.
I don't think you can argue that the best exit is not the best entry in the opposite direction (Jack Hershey's SCT). The market doesn't care of anybody's "individual goals, capital and risk tolerance". If you're just guessing, there's no winning combination of "individual goals, capital and risk tolerance".
I'm sorry I wasn't on today.
Shoot me a blank log.
I can use it to help you get logging down. in all ways.
I'll come back in couple of hours.
Quote from kinggyppo:
expecting way better than this surf, you were busting on someone for talking about market wizards, then you drop a musty obscure article
from 1991, I am glad I was not on your debate team....
Not only that, but the article states on the first page that the authors take it as proven that under certain assumptions, past price information can be used to make abnormal profits (their phrase), which goes against surf's claim that past prices are useless.
"There are few sophisticated technical rules that may explain why technical analysis works. For example, Treynor and Ferguson (JF, 2985) demonstrate the usefulness of past price information in making an abnormal profit. They develop a Bayesian probability estimate using past price data to assess whether the market incorporates some firm-specific information, that is made available to investors. If the market does not have such information, and this is confirmed in past price data, the investor with this private information can make a trading profit. Technical analysis in the Treynor-Ferguson sense is beyond the scope of this paper, however."