Do you ever make any money trading,you,muddy expetts in dirty pants?
Why I Don't Believe in TA
- Thread starter marketsurfer
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Quote from bighog:
There cab be no other reason. I will help the cause and NOT take up space that can best be used by surf being the negatron. Done for a few months (for sure this time).
Why is listing reasons why I don't believe in TA being a negatron?
There are many ways to trade, some simply make more sense than others. surf
XSPURT
<b> To say TA doesn't work as a means of quantifying risk reward ratios is like saying no one can win at gambling. You might be a sore loser, but that doesn't mean there aren't happy winners.</b>
You do this by looking at a chart?
surf
<b> To say TA doesn't work as a means of quantifying risk reward ratios is like saying no one can win at gambling. You might be a sore loser, but that doesn't mean there aren't happy winners.</b>
You do this by looking at a chart?
surf
You mean more cents? 
Quote from R. Raskolnikov:
You mean more cents?
I don't think this guy uses TA.
http://www.linkedin.com/in/cashcoyne
surf
Good post, Pekelo. Thanks for sharing.
Quote from Pekelo:
But, but, but, Surf, did you just miss the latest TST webinar yesterday?:
"TopstepTrader is excited to announce that Suzanne Bodlovic will be presenting an educational webinar on the Squawk Radio, TOMORROW, February 8, 2012 at 12 PM CST. Ms. Bodlovic will be discussing Momentum Patterns and Combining Multiple Time Frames.
Suzanne Bodlovic has been a professional trader since 1998. She traded futures on the floor of the Chicago Mercantile Exchange before migrating to the electronic platforms in 2008. She currently works for LBRGroup, a hedge fund and money management firm founded by Linda Raschke. LBRGroup has been ranked 17th out of 4500 for best 5 year performance by BarclaysHedge.
Ms. Bodlovic approaches the markets using classic technical analysis, and specializes in momentum strategies and relative strength."
I understand you can ask questions in these webinars. You could have told her she has been a fraud for 15 years...
And if TST is legit (according to you) why are they pushing witchcraft (again, according to you) on the students?
surfer,
I don't care if some traders don't believe in TA, at the end of the dyy there is no point arguing about TA, whether trading is a worthwile endeavour etc. I just wonder, if you don't use some TA, what do you do ? Are you an algo trader ? tape reader ? don't tell me you are a fundamental trader !
But I will say this the examples of TA you give tell me you either have an agenda to discredit TA (which I don't think is the case) or you haven' t done enough work to understand TA, or you just gave obvious examples of things that DON'T work. There are many things that don't work, a lot of TA is B.S it doesn't mean TA is worthless.
I don't care if some traders don't believe in TA, at the end of the dyy there is no point arguing about TA, whether trading is a worthwile endeavour etc. I just wonder, if you don't use some TA, what do you do ? Are you an algo trader ? tape reader ? don't tell me you are a fundamental trader !
But I will say this the examples of TA you give tell me you either have an agenda to discredit TA (which I don't think is the case) or you haven' t done enough work to understand TA, or you just gave obvious examples of things that DON'T work. There are many things that don't work, a lot of TA is B.S it doesn't mean TA is worthless.
I'll let the group answer this one, Cornix. Once again, a very insightful question.
My thought is TA can be used in an objective manner but when it is, it fails to produce results that are any better than random. See David Aronson's book- Evidence Based TA-- When an edge is shown in TA ( usually over the long term) it is never enough to cover the costs of the trades over a statistically relevant time series. BUT TRADERS like yourself claim that you have 50 winning trades so that I should believe TA works? OR that you are profitable--- just like anything else, it's surviorship bias--- just like some gamblers beat the casino regardless of the known negative odds--- this is why you can't use your anecdotal evidence as evidence.
Please define what you mean when you say TA. That would be a good place to start a useful discussion.
surf
I am glad you understand that I do not religiously defend one analytical approach versus another, but rather seek for the truth.
Would be interesting to read possible answers indeed and I even have one myself: arbitrage opportunities are completely objective and quantifiable as well as other "mispricing" phenomenons so to say. I used to exploit a couple of such edges myself back in 2005/6 (they soon disappeared though which is typical for this kind of an edge).
Have one question to you in relation to Linda Raschke as far as LBRgroup was mentioned: she clearly states usefulness of TA and she's a legit trader. What do you think about this case: new market wizard openly saying she uses TA?
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