Why did you give up on shoe sales at this late stage in life?.
Why TA does not work
- Thread starter JMN459
- Start date
One needs set ups to bounce off major support and resistance , here is one of them .It can be profitable on 15 min and 30 min.
http://208.234.169.12/vb/showthread.php?threadid=111305&perpage=6&pagenumber=1
some bananas turn black 2 days after you bring them home, some last a week,so ya it's a coin toss,now some people know about the bananas and try to buy the greener ones,so a little knowledge applied makes it less of a coin toss, just common sense, there is no exact science in the market ,it is that way intentionally,looking for it ,or waiting for it,you may never trade,selling buying every line you will go broke,somewhere in the middle is life, the market, perfection is an overated mythical state
Trading crude futures from august 6 to the 31 st produced a net profit of 409 cents ,drawdown of 163 cents , using trades in direction with 4 hour trend lines , a profit rate of 55 % , average profit per trade of 49.6 pips , and average loss of 27.75 pips , 27 trades , average 1.5 trades per day , from 8 a m to 19 hours gmt.slippage 2 pips and an overgenerous spread of 7 was used to calculate.
By not using 4 hour trend lines and trading all day and night , profitability was 41 % , net profit was 77 cents , drawdown of 364 cents
These figures contradict the buy low at support and sell at resistance , without a suitable method ,which experts think they can predict the major turning points etc. and which many others boast using.
How much can I get for scamming noobs with this free system on ebay and the net ?
http://www.elitetrader.com/vb/attachment.php?s=&postid=3657517
http://www.elitetrader.com/vb/showthread.php?s=&threadid=111305&perpage=6&pagenumber=5
I was using this system to trade , then some scammer on forums advised me against using this system , because it was against his interests of selling courses on trading education of t/a.So I stopped after getting brainwashed by some scammer.
oily, you could use tea leaves, or price drivers or just about anything,some are better than others, but if you pick a good one and stay with it, you will eventually see a correlation that gives you an edge,you needn't be in all the time, just when the edge shows up ,trading all day and all night will run up commissions,of course that would not matter if you found something that worked well enough to give you constant profitable signals
Quote from Xspurt:
I didn't see too many surf price drivers calling a buy on Monday and issue a big warning for a red Friday a week in advance.
Oh hang on, no surf went long on Google and SAN when I was saying it's approaching a time and price date for wicked shorts on Friday.
Of course it's not TA, it's just luck again.
And it's hindsight - hindsight a week in advance, isn't that what you call it Oily and surf?
I wonder what next week will bring? Heehee
Any statistical analysis on advance prediction would show very poor overall results.If this worked consistently , you would be a billionaire .It works sometimes.
In the meantime bon-a-petit on noob caviar.
Quote from Xspurt:
I didn't see too many surf price drivers calling a buy on Monday and issue a big warning for a red Friday a week in advance.
Oh hang on, no surf went long on Google and SAN when I was saying it's approaching a time and price date for wicked shorts on Friday.
Of course it's not TA, it's just luck again.
And it's hindsight - hindsight a week in advance, isn't that what you call it Oily and surf?
I wonder what next week will bring? Heehee
You have a funny way of making claims.
Before the fact you are Mr. Ambiguity Extraordinaire
After the fact you make it sounds like you were transparent.
You really think people are that stupid to swallow your BS?
