Why TA does not work

Quote from oilfxpro:

People who can't predict their own future , are trying to predict the future behavior of millions of other people.This god given skill you all posses to predict the future ,will lead you to selling signals on zulu trade to make up your losses on trading.
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You clearly confuse predicting with placing bets on odds in your favor. Trying to predict future is impossible and stupid, placing bets when odds are stacked in your favor is reasonable and profitable activity.
 
Quote from cornixforex:

You clearly confuse predicting with placing bets on odds in your favor. Trying to predict future is impossible and stupid, placing bets when odds are stacked in your favor is reasonable and profitable activity.
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There is a difference between a blind monkey throwing darts at prices , and a fund manager who under performs the monkey.Do you know the difference?
 
Quote from oilfxpro:

There is a difference between a blind monkey throwing darts at prices , and a fund manager who under performs the monkey.Do you know the difference?
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Why do you compare monkey to a loser HF manager only? Do you believe nobody can trade better than a monkey?
 
Quote from FreakofNature:

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?
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I was even thinking of you too and how this mantra demonstrates your reading and comprehension difficulties when I wrote the last sentence from this post. You don't to read before that as you can't understand any of it.

Enjoy the mystery Freak.

Quote from marketsurfer:

What is your chart telling you about Monday? You TA folks speak in riddles that can easily be interpreted after the fact to mean anything. Please be specific. My Price Drivers are signaling bullish for Monday.

I maintain, once TA shows it, its too late or of negligible value in MOST cases. Enough so to negate the value of such an approach. Clearly, it can be shown in a very small number of circumstances to have value-- such as the daily candle in JCP-- but its not repeatable enough to be of interest.

surf


It is telling you the welcome mat has been replaced by the trap door. It's not talking about Monday, it's talking about now - take profits and reverse short. You hold that short until you get a buy signal and that might be on Monday. It might be in a week or a month as this has the potential to roll through a lot of time frames.

This is a dangerous position to be long imo because of the roll over potential. In any event bank profits, sell short and wait for the buy signal.

Xspurt


Ok, we have doubled down into the Dec YM long at 13497 signals are strong for a bullish monday and next week thus far. enjoy! Surf



Great! I do like the sound of doubling - we got double elephants ;)

Xspurt

From the above it was clear that TA would have made a double profit by closing surf's long to bank profits and reversing short to add to profits from the fall.

However surf's price drivers not only overstayed their welcome, they were extra bullish in a TA short set up and doubled up for a double loss instead of a double profit.

Even reversing surf's price driver signals won't help much because of the lack of control.

(For Oilfxpro, freak and the gang of trolls, Monday comes after Friday as every call I make is hindsight to you)
 
Quote from cornixforex:

Clearly a proof TA is junk. :D
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It shows 4 hours is up , it breaks out and breakout failure , mas are up , trend line failure , failed trend line. In hindsight t/a , this was a very easy profitable trade.
 
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