Why TA does not work

[marketsurfer]

Quote from cornixforex:

Surf, of course "ATM" and like that is just having fun. In reality we treat our trading very seriously as it should be treated being a serious business.

Just you know, such a funny feeling to read how "TA doesn't work" and similar claims knowing exactly it DOES work (for us)... hence not always possible to resist from little provocative comments.

Ok, but I would like to hear it from the source. Somehow, I think she meant it.

surf

 

[cornix]

Quote from marketsurfer:

No, she never has under controlled conditions. Fact-- her student /accolade Ammo blew out of the controlled conditions of the combo. Who knows who else have entered but blew out so they stay quiet and humbled? These claims simply do not make sense, thus demand proof under controlled conditions. What about you Cornix? You are of the nodoji intuitive, mystical TA school, right? Why not step up to the plate? There's only upside if your claims are accurate. surf

Surf, I provided you live account trading performance, which was posted initially upon start (thank you for offering me such an idea back in August) and had several people watching it closely and commenting almost every day (I can't post the link here for obvious reasons, it would be conflict of interest with ET, but you are a smart man, I am sure you can find the proofs to my claims if you want ).

Isn't 2 months live trading worth a little bit more than 10 days Combine tournament I am not too interested in cause I switched the trading platform not too long ago and adding another distraction in the form of Combine simply to prove something just doesn't make sense to me.

Also I trade OPM and carry responsibility for my clients. What would they say if I distracted myself with Combine instead of being focused on real trading, how do you think?

 

[cornix]

Quote from marketsurfer:

Ok, but I would like to hear it from the source. Somehow, I think she meant it.

surf

You're right, sorry for intervention. Just used to chat on Skype with NoDoji (where she provided numerous live calls by the way) and felt I more or less know our typical day traders' jokes.

Me and my trading buddies for example often say things like "Euro FV 1.5" when having a long position... trading is lonely and boring, we've got to have some fun of it to relax during the dull times.

 

[oilfxpro]

Quote from cornixforex:

Aye.

"Systems don't work" reminds me of someone standing near the very advanced medical equipment and complaining "I tried to make it work for a whole week, it doesn't show me my bowels and so is crap"

People who think systems work in trading are novices.

 

[cornix]

Quote from oilfxpro:

People who think systems work in trading are novices.

Hi George!

 

[NoDoji]

Quote from marketsurfer:

Fact-- her student /accolade Ammo

My student? Excuse me? The reason I connected with Ammo was to ask questions about the inner workings of the markets. He was a professional market maker before I even knew what a trade was. He is in no way my student. I told him a bit about how I traded, and he explained MP to me.

The with-trend ATM machine was generous this morning. Brother Surf, hope you kicked booty with your shorts in oil

 

[marketsurfer]

Quote from NoDoji:

My student? Excuse me? The reason I connected with Ammo was to ask questions about the inner workings of the markets. He was a professional market maker before I even knew what a trade was. He is in no way my student. I told him a bit about how I traded, and he explained MP to me.

The with-trend ATM machine was generous this morning. Brother Surf, hope you kicked booty with your shorts in oil

Yes, thank you nodoji. I am profiting in both directions today using the Price Drivers.

Thank you for clarifying your relationship with Ammo. But now, I am even more confused. A pro market maker who can't use a DOM or day trade ? But that's ok, it just further makes my point that TA claims are nonsense. No telling how many more TA folks have entered the combine and quietly blew out--- Will you take the torch here and prove the rightness of your stance? Or is there too much ego and followers to lose when you fail?

 

[NoDoji]

Quote from marketsurfer:

But that's ok, it just further makes my point that TA claims are nonsense. Will you take the torch here and prove the rightness of your stance? Or is there too much ego and followers to lose when you fail?

Ammo has called his trades live here for years and he uses TA (market profile).

TA works beautifully for me, ammo, cornixforex (also a live call trader), geez (called his trades well in advance of entry trigger, no less), and PABuster (these are all traders I've been able to observe trading real time).

Surf, I understand that our methods could fail at any time and then we'll have to find new edges. But I consider 2+ years a large enough sample size for me to trust my TA-based day trading methods without question

Once again, because you seem to be missing a key point:

The only thing I lose by taking time to trade in a simulated environment to prove that TA works for me (for at least 10 days, which won't be a big enough sample size for the TA naysayers, for whom even several years is not ample enough proof), is 10 days of my earnings.

And don't tell me I can do both; my trading style involves 15-30 trades a day and requires intense focus on a variety of technical levels and price action.

You and the other combiners have already proven how well it works to mix business with silliness.

 

[NoDoji]

Quote from trader198:

my NG target is 3.7. my mental stop loss is at 3.5. currently it is pullback a little between 3.56~3.64, if that range broken, I will add or exit.

Add? Exit? We'll have to just trust you on your response since you didn't call anything in real time.

 

[ARDL]

Quote from marketsurfer:

Yes, thank you nodoji. I am profiting in both directions today using the Price Drivers.

Thank you for clarifying your relationship with Ammo. But now, I am even more confused. A pro market maker who can't use a DOM or day trade ? But that's ok, it just further makes my point that TA claims are nonsense. No telling how many more TA folks have entered the combine and quietly blew out--- Will you take the torch here and prove the rightness of your stance? Or is there too much ego and followers to lose when you fail?

you are failing in the tst combine and getting housed with the wfc trade in your journal. not sure how you have any credibility.