"Why Technical Analysis is Nonsense"; Views?

Quote from marketsurfer:

:D

sticking it to the man....

keep the paper flowing!


surf:D
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well let me jump in and say bring the paper - yea ta is stupid and don't werk and its junk and whatever else i can say to keep everyone else not using so i am the only one.

i heard you can get this guru jack horshie and he will make you understand just how dumb you are and he can't spoodertrader can do the job and if you protest they can get their mod squad after you and they will fix you so you never see daylight again..

let's see marketsurfer, humm sounds like a vendor who has a product to sell i am certain i saw someone recently trying to be like a hippie surfer who trades the markets like you surf a wave but it's all this psycho junk right is that you why man your a famous surfer and those pictures of you on your web site are what about 30 years ago and 200 pounds in the past?

mb
 
Quote from StillStanding:

what do you use ?
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i look at charts as a framework only.

i am fully aware that every entry has the same probability of win/loss unless one has an edge. for retail this is informational or even intuitive subjective edge--something that can't be quantified.

money management after entry, position sizing, and being able to "read" the big picture is what i try to do as retail trader. im wrong alot!

surf
 
Quote from MarkBrown:

well let me jump in and say bring the paper - yea ta is stupid and don't werk and its junk and whatever else i can say to keep everyone else not using so i am the only one.

i heard you can get this guru jack horshie and he will make you understand just how dumb you are and he can't spoodertrader can do the job and if you protest they can get their mod squad after you and they will fix you so you never see daylight again..

let's see marketsurfer, humm sounds like a vendor who has a product to sell i am certain i saw someone recently trying to be like a hippie surfer who trades the markets like you surf a wave but it's all this psycho junk right is that you why man your a famous surfer and those pictures of you on your web site are what about 30 years ago and 200 pounds in the past?

mb
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:D

nah, no vendor here--- couple surfer hats and tshirts floating around--look close at the financial glitterati ---every once in awhile you'll see one in vanity faire or forbes

yeah, good point. my early work was hippie zen TA focused--- evolved quite a bit since then......





:D
 
Quote from marketsurfer:

:D yeah, good point. my early work was hippie zen TA focused--- evolved quite a bit since then......:D
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well how about e wave are you a wave counter? got to be!
 
Quote from marketsurfer:

im friends with glen neely--- the world's only real EW guy, but im not a wave counter....

http://www.neowave.com/company-glenn.asp

surf
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dont know the guy myself but ellery scott says he butchered the e wave and is an amateur at best. i don't know nuff about the stuff to have an opinion on my own but i know that this ellery scott is a wave countin fool!

mb
 
Quote from MarkBrown:

dont know the guy myself but ellery scott says he butchered the e wave and is an amateur at best. i don't know nuff about the stuff to have an opinion on my own but i know that this ellery scott is a wave countin fool!

mb
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hahahaha.

read "mastering elliot wave" then let me know what you think--- glenn is the only person to ever attempt a scientific study of the wave....

surf
 
Quote from marketsurfer:

hahahaha.

read "mastering elliot wave" then let me know what you think--- glenn is the only person to ever attempt a scientific study of the wave....

surf
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ellery says you have to start the count from the tick level or it isnt valid. mb
 
Quote from marketsurfer:

the problem is, patterns only repeat in the past.

these mantras sound good, but there are no tests whatsoever that indicate that a certain pattern will result in a certain result in any quantifiable probability for exploitation.
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Yes, all that crapola about S & R, drawing fancy lines on charts, patterns repeating, it's all bullshit. These signals were untradeable today. Way too much drawdown and how on earth could you ever figure out where to draw the lines?

:)

 
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