Why does TA not work (for you)?

Quote from NoDoji:

I imagine I will tweak my plan when that cycle commences. It's been rock solid for more than two years now.



I trade up trends and down trends the same. Never traded FX, but have traded 6E (euro futures) and I traded it the same as CL (my main instrument), and I trade ES the same as well, though I trade more contracts of ES than CL or 6E. I also day trade equities using the same strategies and time frame (5m main/1m cross-ref), and I swing trade equities using the same strategies in a longer time frame (daily price bars).



I'm mainly an intraday scalper, so it doesn't matter to me whether price moves in a wide range, narrow range, strong trend, or weak trend. I have specific methods to scalp minimum targets and if the market picks up at times, I either get bigger profits or more scalps during the run.



It's only easy once you master some well-tested methods. Some people learn to do this quickly (such as one guy whom I taught my methods in a couple weeks and he traded me under the table), some learn more slowly (such as me, stubborn ox), and some seem unable to connect the dots.



I edited this line slightly for accuracy.
More...

Yeah right. Ok then.

BTW, when you tried to answer the guy who was getting slippage on CL and you advised him to go to a lower time frame...

Well the correct answer you should have given him was of course to use a STOP LIMIT order. It had NOTHING to do with the CHART, but EVERYTHING to do with TRADING. You really should have known that given you claim to trade CL and make 6 figs a year doing so (unimpressive anyway)

Going to another time frame would have been a whole different system and required a whole bunch of other stuff you probably dont get yet.

Only a trader would have known that. To someone who is in the market every day, that would have been obvious. I thought I'd give you or the other TA followers some time to see if they could answer that for them selves. Alas, no. None of the TA gurus here know anything of the real trading world.

Good luck with your paper trading dear. You'll get there one day.
 
Quote from IeatGoldmanSnax:

Hey, your head's probably really big right now and I know it's dangerous if I deflate it too quickly, but I believe you're at the back of the line on that one as well. Edward Thorpe and thousands of other statisticians already have come up with similar concepts. Do not run around here like you're some badass just because you can plug a few equations into excel.

You, like many other TA-bashers on here will never post live trades. But when you feel up to the challenge you are more than welcome to visit me in my thread and post up some trades. I will do like-wise, however the only difference is that I will be using TA, whereas you will use probabilities based on price. (Same thing, but you have an ego to fulfill) so you call it something different. It's all good bud. Your secret's safe with me.
More...

This is a fine example of why you are undoubtedly a perpetual loser.

You make assumptions. Typical of TA followers.

Where did I say I use Excel? You may need excel to know that 45 is lower than 72, I however do not. You may need a chart to show you where the last top was, I do not.

As fo posting live trades, I have no need. When I trade, I trade, I dont waste time on ET.

My ego is happy with my returns, and I care not for what a bunch of sore losers on ET may think. I have nothing to prove to anyone here. There is zero monetary gain from doing that.

However, if duping the terminally stupid on your childish thread gets you to where you want to be in life, then power to you!

Id keep to making funny nicknames for your self if I were you.
 
Quote from TheBlackHand:

This is a fine example of why you are undoubtedly a perpetual loser.

You make assumptions. Typical of TA followers.

Where did I say I use Excel? You may need excel to know that 45 is lower than 72, I however do not. You may need a chart to show you where the last top was, I do not.

As fo posting live trades, I have no need. When I trade, I trade, I dont waste time on ET.

My ego is happy with my returns, and I care not for what a bunch of sore losers on ET may think. I have nothing to prove to anyone here. There is zero monetary gain from doing that.

However, if duping the terminally stupid on your childish thread gets you to where you want to be in life, then power to you!

Id keep to making funny nicknames for your self if I were you.
More...


You did it boy... You've made it. Show him how the world works. Yeahh...
 
Quote from TheBlackHand:

Yeah right. Ok then.

BTW, when you tried to answer the guy who was getting slippage on CL and you advised him to go to a lower time frame...

Well the correct answer you should have given him was of course to use a STOP LIMIT order. It had NOTHING to do with the CHART, but EVERYTHING to do with TRADING. You really should have known that given you claim to trade CL and make 6 figs a year doing so (unimpressive anyway)

Going to another time frame would have been a whole different system and required a whole bunch of other stuff you probably dont get yet.

Only a trader would have known that. To someone who is in the market every day, that would have been obvious. I thought I'd give you or the other TA followers some time to see if they could answer that for them selves. Alas, no. None of the TA gurus here know anything of the real trading world.

Good luck with your paper trading dear. You'll get there one day.
More...


Another one bites the dust. She's a nice lady, but another chart reading paper tiger busted! classic, ET.

surf


The chart readers seem to hold this Al Brooks guy in high regard. Here is an expose of what actually happens in his "trading room"

http://www.elitetrader.com/vb/showthread.php?s=&postid=3599736&highlight=al+brooks#post3599736

"He did speak about every 2-5 minutes and sometimes he just went over what had already happened and sometimes he predicted what might happen in the future. The frustrating part was that he would talk about going long and in the next sentence he would make an argument for the shorts......"
 
Quote from pythontrader:

Jack, I couldn't listen... I was fucking girls in Kiev. That was like hangover you know... the movie.... But I really missed your bullshit, I have to give you that. BTW have you ever fucked a real ukranian girl? They can do wonders, believe me. I'm not sure about you though... But they sometimes try...
More...

Just wanted to add some solid information. If they try hard enough in your case , you will learn the meaning of lol...

PS: believe me my dear.
 
Quote from TheBlackHand:

By the numbers my friend, just the numbers. Across various different time horizons.

Thanks for asking. No one else did - they were just too interested in forcing the notion TA was the way forward. Eventually, I realised they were just trying to convince themselves first and foremost. Understandable really.

Ive looked at TA and realised its a false promise. People here though probably arent even aware there are other ways of looking at data. Lazy thinkers.
More...

what do you mean exactly? you trade earnings numbers or economic data numbers?
 
Quote from NoDoji:

I imagine I will tweak my plan when that cycle commences. It's been rock solid for more than two years now.
More...

I find it funny that these guys are talking about "cycles", yet dismissing TA. If there is anything that's impossible to test, it's "cycles". Especially since every cycle seems to have some leeway to extend or contract. At least with TA, you can identify exact prices or times at which to take action. Even the alleged "3-day cycle" was +/-1 day, which basically makes it useless for any kind of accurate trading.

In my experience, when volatility deflates, MAE and MFE become more and more equal in my system and trend toward 0, which tends to make the trades breakeven. So long as I can be patient until volatility increases, my equity curve should be flat. This has been the case for me in the ES for this entire year, basically. With the exception of June, which was a good month, I've taken 47 trades on the ES and made a grand total of 31.75 points. In June, I took 9 trades and made 37.75 points. Anyway, point is that changes in volatility should lead directly to changes in the number of signals you get AND should lead directly to more break-even type scenarios, IF your system is a good one and is actually attuned to something real in the market. What volatility changes should not lead to is a complete collapse of your system. I guess it would be back to the drawing board then.

I once read a comment here that really good systems have periods of rising equity curves and in their bad periods, the equity curves go flat and they never really have a steeply declining equity curve. That always stayed with me and I think that's what I've been seeing in my ES trading.
 
I used to use R-Mesa. It was rated number 1 by Futures Truth for 10 consecutive years and was based on Hurst cycles. TA bashers don't like to hear about that.

I developed my own cycles so I don't need MESA now. Every time frame has several cycles and as ND correctly suggested, if you are getting whipped in a larger time frame you can look for a clean structure in a lower time frame to take the set up there if it shows quality.
 
You must log in or register to reply here.
Back
Top