Why I Don't Believe in TA

[Daring]

Quote from marketsurfer:

Why do you act like a little chihuahua nipping at my heels?

Believe whatever you want, this thread lays out my thoughts.

surf

Why do you act like a bull dog when someone trades using TA?

I do agree that classic TA is useless but there's a world out there of TA that is very rarely discussed in public boards, if at all, that happens to be extremely effective.

I think what you are doing on this board is fishing for info, trying to see if someone with good knowledge spills the beans due to aggravation.

It won't be me, that's for sure.

 

[rknas]

Indicators are lagging price. Try learning pure price action based TA - Trend Lines, Channels, Support/Resistance and see if your opinion changes.

 

[NoDoji]

Quote from Scataphagos:

I started my investing career in 1979 with a $25/mo bank draft into Templeton Growth fund...Now my trading capital is North of $20 Million...

Lucky streak, nothing to do with TA.

Quote from marketsurfer:

I believe in what I call Price Drivers. Price Drivers are what moves prior to price moving, they are what move the price. Price is the effect, not the cause.

And if you're on the wrong side of the move that your Price Drivers predict, your bowels are what move (sometimes explosively). Price is definitely the cause.

Quote from marketsurfer:

...what we do is similar to this retail product www.jigsawtrading.com...

Pumpin' this baby again, eh? I'm guessing ET must have a "Dark Pool" level of sponsorship of which you are part

 

[NoDoji]

Quote from rknas:

Indicators are lagging price. Try learning pure price action based TA - Trend Lines, Channels, Support/Resistance and see if your opinion changes.

Only 5% of traders can learn to master this. Thankfully there are indicators for the other 95%

 

[rknas]

Quote from NoDoji:

Only 5% of traders can learn to master this. Thankfully there are indicators for the other 95%

LOL

 

[sculptor66]

Both classic TA believers ('everything is in the price') and Surf ('prices are only an effect') are wrong.

Or, to be more specific: Their assumptions are incomplete.

Because prices are cause AND effect.

If one believes that they are only cause OR only effect, he is missing half of the picture.

 

[Daring]

Quote from NoDoji:

Only 5% of traders can learn to master this. Thankfully there are indicators for the other 95%

No argument with price action.

However, an even smaller number should be used for those using indicators correctly in conjunction with price action; applicable to everyone ditching indicators as useful, including yourself.

 

[BobbiDigital]

Quite the schtick OP. Differentiate from the crowd, repeat your b.s. Price Drivers mantra non fuking stop (old psychology trick) and honk your 'services' after a correct market call or two. Scary to think there are dumb enough people out there to fall for it.

 

[Daring]

Quote from BobbiDigital:

Quite the schtick OP. Differentiate from the crowd, repeat your b.s. Price Drivers mantra non fuking stop (old psychology trick) and honk your 'services' after a correct market call or two. Scary to think there are dumb enough people out there to fall for it.

+1

EDIT: While not playing a cent in sponsorship

 

[scriabinop23]

Quote from rknas:

Indicators are lagging price. Try learning pure price action based TA - Trend Lines, Channels, Support/Resistance and see if your opinion changes.

Sorry guy, but "pure price action" is a function of p(t-1), so it lags price as well. And so do trend lines, channels, S/R, etc.

Those are indicators, just another sort (extrapolations). If you are reacting to changes in volume, bid/ask spread, etc.. you are still extrapolating t-1 ....