I thought I was done with this thread but I now see the exact same thing occurring that happen many years ago when surf, TraderZone, Daal and a few others demanded live calls over a small duration of time like several months.
1) Posting "before the fact" (not as they are occurring in real-time but before price reaches the entry signal) or real-time as they're occurring trades does not prove that TA is profitable assuming the results of the trades are profitable. In contrast, it only proves that you are profitable. Simply, if you don't share the in-depth details of your TA and don't share the in-depth details of how you're using TA with those other important tools (e.g. money management) in your trading plan...
It will be impossible to prove that TA is useful in your trading regardless if you're using it via the perspective of science or art because these guys will find a reason (prepared to use) to dismiss the reasons why you're profitable.
2) There are already existing trade journals that have live calls online and a few here at Elitetrader...some before the fact, others in real-time as they occurred, others with broker statements as proof of a few of the live calls. The problem is that the TA was not shared or only had some generic reference. That in itself pssst off surf and gang because that's what they are really after...they want to know the exact details of your TA and how you're using it. They are on record in the past via specifically saying as replies that if they don't have access to the codes of your TA...its art, voodoo or lucky.
Therefore, they will dismiss any live calls after you've done them here at ET or anywhere else online (blog, website, Othernet/Financialchat, twitter, stocktwits, another trader forum) when you refuse to spoon feed them the in-details of how you're using TA regardless if you've been consistently posting live calls a few months or many years. To them you are just lucky.
Note: Othernet, Financialchat is where traders from all over the world have been posting "before the fact" live calls, real-time trades, broker statements (by a few) since 1999...outside the realm of ET. Guys like surf pretend that if the info isn't posted at ET...it doesn't exist and never occurred. Therefore, there's no proof that traders are profitable while using TA because we all know that everything that has ever been posted online is only posted at Elitetrader.com
3) Remember, they (surf and company) use TA because they admit they use charts regardless if its only 5% or whatever of their trading plan. Yet, they dismiss their own use of charts via saying its for education, illustration only and has no impact in their trade decisions.
4) Your constant defense of TA as if you're using nothing else is what's fueling the disbelief of the TA bashers (closet TA users) like surf. Simply, why post live calls if you're unable or unwilling to post about those other variables in your trading plan (e.g. money management, capitalization, position size, equipment/software, collaboration and other variables) that's being used with the TA
5) There are many articles by academia as proof that TA does not work while there are many articles by academia as proof that TA does work or have value in ones trading plan...all of them using TA differently and many links to these articles have been posted here at Elitetrader.com, other trader forums or elsewhere online.
Yet, depending upon your research skills, bias, trading success or failures...you will decide which is believable.
6) Elitetrader.com trade journal section @ http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=29
Good luck (pun intended) with trying to prove something to surf and I'm sure you'll conclude like I did many years ago...he's not worth the time & effort.
1) Posting "before the fact" (not as they are occurring in real-time but before price reaches the entry signal) or real-time as they're occurring trades does not prove that TA is profitable assuming the results of the trades are profitable. In contrast, it only proves that you are profitable. Simply, if you don't share the in-depth details of your TA and don't share the in-depth details of how you're using TA with those other important tools (e.g. money management) in your trading plan...
It will be impossible to prove that TA is useful in your trading regardless if you're using it via the perspective of science or art because these guys will find a reason (prepared to use) to dismiss the reasons why you're profitable.
2) There are already existing trade journals that have live calls online and a few here at Elitetrader...some before the fact, others in real-time as they occurred, others with broker statements as proof of a few of the live calls. The problem is that the TA was not shared or only had some generic reference. That in itself pssst off surf and gang because that's what they are really after...they want to know the exact details of your TA and how you're using it. They are on record in the past via specifically saying as replies that if they don't have access to the codes of your TA...its art, voodoo or lucky.
Therefore, they will dismiss any live calls after you've done them here at ET or anywhere else online (blog, website, Othernet/Financialchat, twitter, stocktwits, another trader forum) when you refuse to spoon feed them the in-details of how you're using TA regardless if you've been consistently posting live calls a few months or many years. To them you are just lucky.
Note: Othernet, Financialchat is where traders from all over the world have been posting "before the fact" live calls, real-time trades, broker statements (by a few) since 1999...outside the realm of ET. Guys like surf pretend that if the info isn't posted at ET...it doesn't exist and never occurred. Therefore, there's no proof that traders are profitable while using TA because we all know that everything that has ever been posted online is only posted at Elitetrader.com
3) Remember, they (surf and company) use TA because they admit they use charts regardless if its only 5% or whatever of their trading plan. Yet, they dismiss their own use of charts via saying its for education, illustration only and has no impact in their trade decisions.
4) Your constant defense of TA as if you're using nothing else is what's fueling the disbelief of the TA bashers (closet TA users) like surf. Simply, why post live calls if you're unable or unwilling to post about those other variables in your trading plan (e.g. money management, capitalization, position size, equipment/software, collaboration and other variables) that's being used with the TA
5) There are many articles by academia as proof that TA does not work while there are many articles by academia as proof that TA does work or have value in ones trading plan...all of them using TA differently and many links to these articles have been posted here at Elitetrader.com, other trader forums or elsewhere online.
Yet, depending upon your research skills, bias, trading success or failures...you will decide which is believable.
6) Elitetrader.com trade journal section @ http://www.elitetrader.com/vb/forumdisplay.php?s=&forumid=29
Good luck (pun intended) with trying to prove something to surf and I'm sure you'll conclude like I did many years ago...he's not worth the time & effort.
