Why TA does not work
- Thread starter JMN459
- Start date
Quote from cornixforex:
You're so brave sitting in London and picking on people. Would you be equally brave to say that in reality, face to face, ah my Indian friend Jorge?
Remember, London's not too far for a bird, especially Russian bird.
Of course!
They don't get enough excitement in russia , so they end up in strip clubs in London.
Quote from tobbe:
The dih-teer-ee-uh-rey-shuhn rate of ET is going parabolic. Sad.
Surf is just trolling in the hopes of someone eventually revealing their working TA method to him. He does a good job of writing stupid things, I give him that.
Is Oily and Surf the same person? Hm...
No biggie Tobbe, let people rant... and we'll just make money. Better than if it was the other way around.
Quote from tobbe:
The dih-teer-ee-uh-rey-shuhn rate of ET is going parabolic. Sad.
Surf is just trolling in the hopes of someone eventually revealing their working TA method to him. He does a good job of writing stupid things, I give him that.
Is Oily and Surf the same person? Hm...
Impossible
Surf is looking for systems that work.
Oily gives away free systems , cause systems dont work , it is the trader who can apply appropriate systems for the existing market conditions , to make systems work.Systems are no good in amateur hands .
surf.like yourself ,is looking for the big homer,it's evident in both of your posting styles, the desperation in the attacks,let it go,it's frustration,there will be no reaping from what you sow,it's time wasted,take the small hard work ,wins, and let them add up,it's never too late something is better than nothing and something is a base you can build on, imagination is just that,it's great for the future but in the now won't feed you, it's a tool ,not a paycheck
I was out at 3.56 with a loss, and shorted there, recouped loss and gained. my ung calls went sour, that is part of plan. discipline is the key.
follow the plan and lost, that is a great trade. no one can judge the market correctly every time. though I saw 3.7 pie in the sky, but Ng seems overdone in runup. I was expecting a last blast (grabed some quick bucks), then vilently reversed like 10%drop (shorted there for quick home run). from yesterday's market behaviors, it is too early to go short, but it also not good to go long.
in future trading, since I used margin, I used mental stop. if left untoken care, I put a hard stop. for options, no stop at all. casually for ITM or at the money option, I use mental stop if critical price range broken, I exit with loss.
my success in trading is not relying on TA. I have good understanding of each market phases: their personality, so I use different strategy to exploit them. like NG, late I realized, the blast to 3.638 (premarket)then quick drop is the hint. I just blinded to my PIE in the sky. I should focus on short sale side only, the sad part is I want to catch two birds! first time high often means sell, that is common sense.
follow the plan and lost, that is a great trade. no one can judge the market correctly every time. though I saw 3.7 pie in the sky, but Ng seems overdone in runup. I was expecting a last blast (grabed some quick bucks), then vilently reversed like 10%drop (shorted there for quick home run). from yesterday's market behaviors, it is too early to go short, but it also not good to go long.
in future trading, since I used margin, I used mental stop. if left untoken care, I put a hard stop. for options, no stop at all. casually for ITM or at the money option, I use mental stop if critical price range broken, I exit with loss.
my success in trading is not relying on TA. I have good understanding of each market phases: their personality, so I use different strategy to exploit them. like NG, late I realized, the blast to 3.638 (premarket)then quick drop is the hint. I just blinded to my PIE in the sky. I should focus on short sale side only, the sad part is I want to catch two birds! first time high often means sell, that is common sense.
You've made it clear you do not rely on TA because you have a method that actually works and TA doesn't. Surf has been attempting to post his trades live in his journal.
I'm not saying your methods don't work; you guys are saying my methods don't work. I've proven my methods work by announcing trade calls live over a period of time. So I was looking forward to seeing your methods work via the same route.
I'd asked if you could "post your next week's trades here in real time, so we can get a feel for how well your "feeling" based methods work".
You posted the name of two symbols, which side you were taking (long) and we have a time stamp of your post on NG, so we were able to deduce your entry price of around 3.590. When asked you stated first that you don't use a stop, then that you use a mental stop and gave us a price for that, then said if it broke that range level, you'd close or add.
You never completed the trade call in real time. When price broke your mental stop, you never told us in real time whether you stopped out or added, so this trade doesn't count because we have no idea what you really did.
Can you post one week's trades in real time or not? You're not a day trader so it should be really easy. Heck I'm a intraday scalper of a volatile instrument and was able to post quite a few real time trades.
I'll add, since hindsight isn't an issue here, that technically speaking, I'd have been a seller of NG at 3.590 when you went long (price moved up to a descending trendline almost to the tick there). The only signal to go long at that price is if price broke through 3.600, pulled back to the descending TL, and buyers stepped back in there, driving price back through a previous bar's high.
I'm sure it's just a coincidence that price resisted at that trend line just about to the tick.
That's in my 5-min time frame, though. In your short term swing trading time frame, I'd be sitting on the sidelines if not already positioned long from the previous pullback.
I'm sure it's just a coincidence that price resisted at that trend line just about to the tick.
That's in my 5-min time frame, though. In your short term swing trading time frame, I'd be sitting on the sidelines if not already positioned long from the previous pullback.