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Technical Analysis Fallacy

  • #33,121
  • Apr 24, 2012 4:57am Apr 24, 2012 4:57am
ok , some secrets. holi grail stuff.
keep these handy.
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  • #33,122
  • Edited 7:01am Apr 24, 2012 5:04am | Edited 7:01am
Quoting tubguy
So we should make a TAF indicator?

Not trying to be rude, but I don't think that is possible.

TA can work, just look at the J16 thread. but no indicator can tell you what price will do next, only a probability.

I am a huge fan of J16 and direct noobs there without hesitation because it is simple and very high probability trading. Still do it myself some.

In the end, TA is a fallacy because price moves and the indicator tells you what happened. Nothing more or less.

Not to say it can't work when used properly but it can't predict...
tub,
TA is not A fallacy.
But there are many fallacies in the way its being used.
same as Fundamental Analysis.
many fallacies.
easy identify them.

Just few post ago came a LAYMAN believes he is ANALYST.
Because many peeps publish LAYMAN stuff, nearly everyone on earth thinks they are analyst after reading a book. Is easy publish a book. Normally if something works, few will ever publish it. More money just working it and making the money.

I believe is called propaganda. Easy to believe everyone is also master of the universe. Same as those read some medicine books, thinks they Doctors.
The markets weeds them out regularly, but like weeds they keep coming back.
Anyway is how it works, markets weeds them out and burns them,makes fertilisers for growth.
if you practise, you will see the fallacies.

regards
  • #33,123
  • Apr 24, 2012 5:32am Apr 24, 2012 5:32am
Quoting fti
tub,
TA is not A fallacy.
But there are many fallacies in the way its being used.
same as Fundamental Analysis.
many fallacies.
easy identify them.

Just few post ago came a LAYMAN believes he is ANALYST.
Because many peeps publish LAYMAN stuff, nearly everyone on earth thinks they are analyst after reading a book. I believe is called propaganda. Easy to believe everyone is also master of the universe. Same as those read some medicine books, thinks they Doctors.
The markets weeds them out regularly, but like weeds they keep...
Indeed, I have done all the indicators, swings, support/resistance trading with stops but couldn't get anywhere, and then I found your way of trading which is the easiest and simplest way of trading without getting rigid and without having rules in trading. and now people think you are God and I think you are one good soul sharing what the reality is.
  • #33,124
  • Apr 24, 2012 5:44am Apr 24, 2012 5:44am
Technical analysis works quite well for me after I found out how to use it correctly. All I need now is support/resistance + trend lines and an overview of supply+demand in the market. If it was all fallacy it wouldn't exist and hedge-fund wouldn't spend billions every year researching it.
  • #33,125
  • Apr 24, 2012 5:59am Apr 24, 2012 5:59am
Quoting espen
Technical analysis works quite well for me after I found out how to use it correctly. All I need now is support/resistance + trend lines and an overview of supply+demand in the market. If it was all fallacy it wouldn't exist and hedge-fund wouldn't spend billions every year researching it.
What is % return by hedge funds? must be 10000% as they have got holy grail.
  • #33,126
  • Apr 24, 2012 6:01am Apr 24, 2012 6:01am
Do not give dogs what is sacred; do not throw your pearls to pigs. If you do, they may trample them under their feet, and then turn and tear you to pieces.

regards
  • #33,127
  • Edited 7:06am Apr 24, 2012 6:50am | Edited 7:06am
Quoting espen
Technical analysis works quite well for me after I found out how to use it correctly. All I need now is support/resistance + trend lines and an overview of supply+demand in the market. If it was all fallacy it wouldn't exist and hedge-fund wouldn't spend billions every year researching it.
Good for you, i am glad you doing so well.
Did i say that TA is all fallacy?
Seems you have professional affilation from your profile.
Seems you also have an MO.
Hows about start a thread and teach some peeps your great knowledge?

But i must point out, 1 flaw in your thinking.
no one is spending billions every year researching it.
maybe billions spent buying the bullshit.
Do whatever suits you.
We still need make your money.

regards
  • #33,128
  • Apr 24, 2012 7:14am Apr 24, 2012 7:14am
Quoting fti
tub,
TA is not A fallacy.
But there are many fallacies in the way its being used.
same as Fundamental Analysis.
many fallacies.
easy identify them.

Just few post ago came a LAYMAN believes he is ANALYST.
Because many peeps publish LAYMAN stuff, nearly everyone on earth thinks they are analyst after reading a book. Is easy publish a book. Normally if something works, few will ever publish it. More money just working it and making the money.

I believe is called propaganda. Easy to believe everyone is also master of the universe....
Yes sir. I think I spoke in a bit of broad context. I actually use some trendlines, S&R & fibs.

Guess I was thinking more in the terms of being rigid and expecting something to happen just because that line is there.

Got my butt kicked many times for thinking that.
  • #33,129
  • Apr 24, 2012 7:21am Apr 24, 2012 7:21am
Quoting tubguy
Yes sir. I think I spoke in a bit of broad context. I actually use some trendlines, S&R & fibs.

Guess I was thinking more in the terms of being rigid and expecting something to happen just because that line is there.

Got my butt kicked many times for thinking that.
understand totally, no problems my friend,
I believe now you understand and better now.
As you practise you will be better.

regards
  • #33,130
  • Apr 24, 2012 7:22am Apr 24, 2012 7:22am
Quoting fti
Good for you, i am glad you doing so well.
Did i say that TA is all fallacy?
Seems you have professional affilation from your profile.
Seems you also have an MO.
Hows about start a thread and teach some peeps your great knowledge?

But i must point out, 1 flaw in your thinking.
no one is spending billions every year researching it.
maybe billions spent buying the bullshit.
Do whatever suits you.
We still need make your money.

regards
I didn't say anyone said anything, I'm just going by what I've read throughout the thread and the headline, giving my honest opinion of what I think TA is worth. I would share all my great knowledge, except I'm not in possession of it. If I was I'd be relaxing on my private island in the Caribbean right now.
  • #33,131
  • Apr 24, 2012 7:26am Apr 24, 2012 7:26am
Quoting simpleman
Indeed, I have done all the indicators, swings, support/resistance trading with stops but couldn't get anywhere, and then I found your way of trading which is the easiest and simplest way of trading without getting rigid and without having rules in trading. and now people think you are God and I think you are one good soul sharing what the reality is.
ai yo, my friend.
Please no use God's name in vain.
God is greatest.
I am just one of his creations.

No scare the living daylights out of me.

regards
  • #33,132
  • Apr 24, 2012 7:32am Apr 24, 2012 7:32am
Quoting espen
I didn't say anyone said anything, I'm just going by what I've read throughout the thread and the headline, giving my honest opinion of what I think TA is worth. I would share all my great knowledge, except I'm not in possession of it. If I was I'd be relaxing on my private island in the Caribbean right now.
must be my reading bad.
You said "If it was all fallacy"

No one said it was all fallacy.
The title of tread reads "Technical Analysis Fallacy"
It doesn't read, All technical Analysis is Fallacy, or, Technical Analysis is A Fallacy.

If you are successful, relaxing on a caribbean island is not an option. You will be meaningfully working hard everyday. Taming markets is more enjoyable than relaxing in the caribean. Sure, somedays you will be just relaxing under the coconuts.


regards
  • #33,133
  • Apr 24, 2012 7:37am Apr 24, 2012 7:37am
Quoting fti
must be my reading bad.
You said "If it was all fallacy"

No one said it was all fallacy.
The title of tread reads "Technical Analysis Fallacy"
It doesn't read, All technical Analysis is Fallacy, or, Technical Analysis is A Fallacy.

If you are successful, relaxing on a caribbean island is not an option. You will be meaningfully working hard everyday. Taming markets is more enjoyable than relaxing in the caribean. Sure, somedays you will be just relaxing under the coconuts.


regards
Then I apologize, I got the context wrong.

If I was successful enough to tame the markets, I'd probably have my trading desk in the Caribbean, not the rainy English countryside. Doesn't mean I would stop trading
  • #33,134
  • Apr 24, 2012 7:38am Apr 24, 2012 7:38am
Quoting fti
understand totally, no problems my friend,
I believe now you understand and better now.
As you practise you will be better.

regards
Yes sir, A little more each day.
Practiceing with pennies on a $100 account.
Averaging close to $1 per day now.

Truly ant work.
  • #33,135
  • Edited 8:24am Apr 24, 2012 7:41am | Edited 8:24am
Quoting espen
Then I apologize, I got the context wrong.

If I was successful enough to tame the markets, I'd probably have my trading desk in the Caribbean, not the rainy English countryside. Doesn't mean I would stop trading
no harm, you are new here, and probably not read much of the thread.
Only because i felt a little uncomfortable with your mindset, i just wanted help you see better. I not asking apologies.

I see what you mean, we always think somewhere else is better than where we are mostly. Is human nature.But really we mostly trying run away from ourselves.

By the way, welcome to the thread.
Hope reading this unending thread is meaningful for your development.



regards
  • #33,136
  • Apr 24, 2012 7:45am Apr 24, 2012 7:45am
Quoting tubguy
Yes sir, A little more each day.
Practiceing with pennies on a $100 account.
Averaging close to $1 per day now.

Truly ant work.
ok, you can live on that?
you must be real wealthy.
I like your training mindset.
so much effort for so little gain. Feets on the ground, until you get it right. Hard worker.

nomatter, time will come when you mastered it.
Then you slowly do it for your wealth management.

For now is better make the $1 then to lose $1.

regards
  • #33,137
  • Apr 24, 2012 8:21am Apr 24, 2012 8:21am
Lets not forget that some people earn $100 per annum and are still happy!
  • #33,138
  • Apr 24, 2012 8:26am Apr 24, 2012 8:26am
Quoting Zoran
Lets not forget that some people earn $100 per annum and are still happy!
yes Zoran.
Some peeps love watching grass grow into padi.

I used to love watch my little white ball roll into a hole from yards away.
things peeps do.

Hows everything? All shipshape?

regards
  • #33,139
  • Apr 24, 2012 8:32am Apr 24, 2012 8:32am
Quoting fti
ok, you can live on that?
you must be real wealthy.
I like your training mindset.
so much effort for so little gain. Feets on the ground, until you get it right. Hard worker.

nomatter, time will come when you mastered it.
Then you slowly do it for your wealth management.

For now is better make the $1 then to lose $1.

regards
Nope, can't live on that.

Still pay the bills by refinishing bathtubs & countertops. 2 jobs a week pays the bills so I have time to trade.
  • #33,140
  • Apr 24, 2012 8:39am Apr 24, 2012 8:39am
Quoting tubguy
Nope, can't live on that.

Still pay the bills by refinishing bathtubs & countertops. 2 jobs a week pays the bills so I have time to trade.
ahhh, i c.
ok, keep the humble jobs.
This just pocket money.

I look forward that these pocket moneys will one day large enough exceeding your jobs income, then you can manage all the wealth you accumulated with yur work.

regards
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