Why TA does not work

[Xspurt]

Quote from cornixforex:

Do the work yourself and you won't have to believe anyone.

Nah, no need to put that much effort in. I'll give the exact TA formula as soon as I get a reply from Coca Cola for their formula. Sorry for the delay but I'm very busy.

It's unbelievable how lazy big company customer support is - I've been asking each of them at least 100 times and I'm still waiting for a reply. Same thing with Big Mac sauce, Kentucky spice formula, Pepsi etc. It's so annoying and taking up so much of my precious time

If this goes on for another year or two I might get so wound up I actually start from scratch and do it myself, but that seems silly when they are making it work so I'll keep complaining.

Got to go now coz I've just woken up and I can smell the coffee

 

[cornix]

Quote from Xspurt:

Nah, no need to put that much effort in. I'll give the exact TA formula as soon as I get a reply from Coca Cola for their formula. Sorry for the delay but I'm very busy.

It's unbelievable how lazy big company customer support is - I've been asking each of them at least 100 times and I'm still waiting for a reply. Same thing with Big Mac sauce, Kentucky spice formula, Pepsi etc. It's so annoying and taking up so much of my precious time

If this goes on for another year or two I might get so wound up I actually start from scratch and do it myself, but that seems silly when they are making it work so I'll keep complaining.

Got to go now coz I've just woken up and I can smell the coffee

Yea, some people are disgusting. They don't want to give away step-by-step simple instruction to quickly and without any efforts make mega-millions trading, become Hollywood actor, superstar singer or champion athlete one likes to watch on TV lying on the sofa with beer and pizza. Amazing abomination.

 

[pma]

Quote from Wide Tailz:

I agree. Some of my best trades aroused the worst emotions as I put them on.

The worst, made me feel the most comfortable.

It is very odd. Does this happen to anyone else? [/Q
I totally agree.

 

[marketsurfer]

<b>A plethora* of aspiring traders ask for help with their problems:

"I studied [price action/fibs/oscillators/MACD/Elliott Wave/breakouts/etc] and I'm trying to apply these concepts and I just can't seem to get it going. I traded the [XYZ signal bar/ABC indicator/PDQ pattern] and I got chopped by the [range/barb wire/head fakes/HFT scum/stop hunters/bleeding heart liberals/heartless neocons]. What am I doing wrong?"

I find that every one of them I've spoken with is missing one or more of the collective ingredients needed to turn their seeds into a robust and productive garden.

The trading garden requires so much preparation and it does take thousands of hours of work. NO ONE can do this work for you. TA works beautifully, but you have to do the work necessary to learn how to use it.

If you read Al Brooks and decide that it's confusing worthless garbage, you are the one confused. Brooks provides the most comprehensive course in technical price action in existence today. He gives you a handful of every seed you need for a complete life-sustaining garden. And yes, it's difficult, because he covers a plethora* of advanced concepts and noobs will have to skip what they don't understand and come back to those concepts later. But Brooks first book is the Ivy League course in price action day trading and if you really want success, the seeds cost hardly anything. </b>



Why aren't any of the TA believers/promoters trading on the Combine? Wait, I think Austin P is, he isn't doing very well! BUt atleast he had the guts to steps forward.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=250400&perpage=6&pagenumber=79

The TA defense above sounds very similar to me as apologetic for a religion or astrology---

the fact remains, if objective TA worked it could be programmed, it can not be and if it is it fails.

Perhaps there are a few savants who can MAKE it work, but I have never met one who was able to demonstrate this in controlled conditions like the Combine or when trading OPM.

TA is the wrong track, don't waste your life on the wrong path like many have in the past.

surf

 

[cornix]

Quote from marketsurfer:


Perhaps there are a few savants who can MAKE it work, but I have never met one who was able to demonstrate this in controlled conditions like the Combine or when trading OPM.

TA is the wrong track, don't waste your life on the wrong path like many have in the past.

surf

Is this: http://www.myfxbook.com/members/cornix enough for "controlled conditions" (for the case you don't like my Zulutrade performance with almost exactly the same trades)?

3rd party verified live accounts, 42 live trades in about 2 calendar months (with about two weeks break in August for personal reasons which my friends know were serious enough to justify not trading then).

And yes, I also trade OPM the same way.

And yes, I mainly trade using TA.

Wonder what excuse you are going to invent now...

 

[marketsurfer]

Quote from cornixforex:

Is this: http://www.myfxbook.com/members/cornix enough for "controlled conditions" (for the case you don't like my Zulutrade performance with almost exactly the same trades)?

3rd party verified live accounts, 42 live trades in about 2 calendar months (with about two weeks break in August for personal reasons which my friends know were serious enough to justify not trading then).

And yes, I also trade OPM the same way.

And yes, I mainly trade using TA.

Wonder what excuse you are going to invent now...

If you would post an account traded via TA from day 1, without even the first trade completed, for 6 months, that would be a start at building evidence of your ability. Otherwise, pulling profitable accounts, when the potential exists of you cherry picking from a variety of programs, just doesn't hold up.

surf

 

[cornix]

Quote from marketsurfer:

If you would post an account traded via TA from day 1, without even the first trade completed, for 6 months, that would be a start at building evidence of your ability. Otherwise, pulling profitable accounts, when the potential exists of you cherry picking from a variety of programs, just doesn't hold up.

surf

Oh that funny argument again... So you really believe those accounts were randomly traded and randomly showed profit? I think you know the answer, but will deny it most likely, because answering it sincerely (to yourself) would cause mental pattern break, which is a painful experience usually most unconsciously try to avoid.

All I post here was publicly posted from day 1 (and posted in another forms way before as well), publicly discussed and followed by at least several people. Notice how you equate the fact that YOU didn't see something with the fact something never happened at all.

I tell you as a trader and psychologist, that's not very good position for a person who trades, to twist objective reality like that. You better watch yourself and try to correct this issue.

Those who have eyes to see, see, those who don't have... oops.

 

[oilfxpro]

Quote from cornixforex:

Is this: http://www.myfxbook.com/members/cornix enough for "controlled conditions" (for the case you don't like my Zulutrade performance with almost exactly the same trades)?

3rd party verified live accounts, 42 live trades in about 2 calendar months (with about two weeks break in August for personal reasons which my friends know were serious enough to justify not trading then).

And yes, I also trade OPM the same way.

And yes, I mainly trade using TA.

Wonder what excuse you are going to invent now...

If your t/a is any good , you would not waste your time on forums , or even Zulu trade.

 

[marketsurfer]

Quote from cornixforex:

Oh that funny argument again... So you really believe those accounts were randomly traded and randomly showed profit? I think you know the answer, but will deny it most likely, because answering it sincerely (to yourself) would cause mental pattern break, which is a painful experience usually most unconsciously try to avoid.

All I post here was publicly posted from day 1 (and posted in another forms way before as well), publicly discussed and followed by at least several people. Notice how you equate the fact that YOU didn't see something with the fact something never happened at all.

I tell you as a trader and psychologist, that's not very good position for a person who trades, to twist objective reality like that. You better watch yourself and try to correct this issue.

Those who have eyes to see, see, those who don't have... oops.

No twisting of reality here, just the scientific approach to an issue most look at emotionally. I am well aware of Bandler and Grinder-- so you mental pattern argument holds no water with me---

surf

 

[kut2k2]

Quote from Llxa:

TA DOES work BUT you have to use it right. When using indicators, it's not WHAT you use that matters but HOW you use them.

Sorry but that's nonsense. You're not going to turn cowflop into beefstew no matter how hard you work at it, and most indicators are cowflop. Traders gotta start thinking for themselves and stop believing that just because something is written in a book or appears on many websites, that is some sort of validation. The biggest horseshit ever made up has been written down in books.

In other words, WHAT you use really matters. If you don't believe that, try winning a NASCAR race with a golf cart.