Why I Don't Believe in TA
- Thread starter marketsurfer
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I don't manage money directly for anyone, either. Why should I feel compelled to "prove" anything here. All my calls have been posted in real time before the fact on the surf journal. Take it or leave it, it matters not to me. surf
I agree, its a great thread. I have recd PM's thanking me for making the senders think-- that's all i can ask for.
The personal attacks just solidify my belief that for most TA takes on religious, mystical overtones-- rather than just being a tool--- Looking forward to hearing more from Maestro and you on this thread. thanks! surf
Quote from cornix:
Now you're in my shoes.
Exactly, except for one thing.
That thing is, and this is truth, the overwhelming evidence is against TA working not for it. Obviously, this does not mean that someone somewhere, maybe even in Siberia,
, can make it work for themselves. However, with the overwhelming evidence against it, and for all the traders who make it work gather on elitetrader, don't you think there is something wrong with this picture?Not to mention, with the evidence against it, the burden of proof is on you, not me to prove it works. This thread describes why I don't believe it, not one piece of non- acedotal has been provided except for some flawed study by a lacky at the fed.
surf
Personally I always tried to throw off the "mystical" element around TA. But there is more to trading and TA as well, which some people confuse with being mystical, just beause it's related to a sphere of very advanced intellectual researches. Maestro touched this topic, which is very close for me for a number of reasons.
THanks. BUt as soon as TA is tested with hard science in a rigerous manner it fails in most cases. Why, if it isnt mystical or intuitive?
surf
Quote from marketsurfer:
Exactly, except for one thing.
That thing is, and this is truth, the overwhelming evidence is against TA working not for it. Obviously, this does not mean that someone somewhere, maybe even in Siberia,
Not to mention, with the evidence against it, the burden of proof is on you, not me to prove it works.
surf
I call trades in chat for guys, most of whom are ET members too since the last week. All plain and clear, nothing "mystical" when it comes down to real-time calls. So in favor of TA or against, but there going to be an evidence. Prefer to meet the reality, not hide from it.
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