TA debunked?

This is a discussion on TA debunked? within the Technical Analysis forums, part of the Methods category; Originally Posted by DionysusToast Here's the problem.... You posts stuff. I debunk it. You go postal and make a fool ...

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Old Jul 22, 2012, 9:17am   #76
 
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Re: TA debunked?

Quote:
Originally Posted by DionysusToast View Post
Here's the problem....

You posts stuff. I debunk it. You go postal and make a fool of yourself. You then cry to mommy saying I'm an evil vendor.

Feel free to go point by point through any of my replies in this thread by the way.
Toast. It's just mindless drivel. 4000+ posts in 3 years. I have pointed out earlier in the thread earlier where you proclaim 'TA is the science of finding cause'.

I am not going to argue over all of your points. You are a 1 man spam machine. Why would I debate with someone who sells software at $349 a pop. No upside
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Old Jul 22, 2012, 9:17am   #77
 
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Re: TA debunked?

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Originally Posted by the hare View Post
I have several bags, and each contain several cats, and that's where they are staying !
and p'raps that's where one of mine should have stayed
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Old Jul 22, 2012, 9:39am   #78
 
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Re: TA debunked?

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Originally Posted by DionysusToast View Post
Pat - does this involve putting the 20 chickens in the same bag that Hare keeps his cat?
Ha ha
My idea actually has possibilities if only I could find someone to test the theory. They are welcome to use it ever afterwards if it works a bit.
Runs along the lines of a biological forecasting computer. Could even beat Wall St. at their own game !
No bags & no cats
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Last edited by Pat494; Jul 22, 2012 at 9:57am.
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Old Jul 22, 2012, 9:48am   #79
 
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Re: TA debunked?

I thought The Presenters' Index had possibilities.
Dom won it last week if anyone is interested, with Sheila a close 2nd.
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Old Jul 22, 2012, 9:48am   #80
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Re: TA debunked?

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Originally Posted by barjon View Post
and p'raps that's where one of mine should have stayed
This is one of the reasons that trading forums are completely futile (other than as a means to exploit their membership financially)

You would hope that you could give someone a skeleton, and they'd put the flesh on the bones. I probably have around 6 edges, each of which could be described in a half dozen words. Putting the flesh on those bones is a serious full time job that takes real commitment, and is something that's not going to be possible for the majority of people. I wonder how many people reading this thread went as far as downloading some data and spent the day playing around with the idea. I suspect not many

If you put some flesh on the bones for them, unless you provide them with every single detail of why each element works as it does most people wont be able to understand why you made the choices you made, and more importantly, they wont trust those choices. That's a good thing, its never sensible to believe anything you are told, but it doesn't help them make money

If you give away the whole shooting match, its still not of any use to most because it wont suit their individual risk tolerance, available time, expected returns etc.

On a more positive note, at least we still have the lulz and vendor bashing. Your thread at least prompted me to take a closer look at PCA and ICA techniques that I've been meaning to check out for a while, so it wasn't completely wasted.
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Old Jul 22, 2012, 9:59am   #81
 
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Re: TA debunked?

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Originally Posted by ChocolateDigestive View Post
Toast. It's just mindless drivel. 4000+ posts in 3 years. I have pointed out earlier in the thread earlier where you proclaim 'TA is the science of finding cause'.
Nope - Textbook TA is the science of studying effect. Get it right.

Quote:
Originally Posted by ChocolateDigestive View Post
I am not going to argue over all of your points. You are a 1 man spam machine. Why would I debate with someone who sells software at $349 a pop. No upside
Interesting - because if you were to look for 'all posts by ChocolateDigestive', you will find a hell of a lot of posts that quote what I write and take an opposing view.

This doesn't go your way very often and then you throw your toys out of your pram saying I'm here trying to sell something.

So - it seems you do want to debate with me - your post history shows that quite clearly. What is quite evident is that you can't handle someone disagreeing with you and providing back-up for their points. Hence you then say it's nonsense and you don't want to play any more.

It is clear I have gotten under your paper-thin skin. All I can say is that there is an ignore feature on this forum and I would suggest you add me to your ignore list.
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Old Jul 22, 2012, 10:29am   #82
 
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Re: TA debunked?

Quote:
Originally Posted by DionysusToast View Post
Nope - Textbook TA is the science of studying effect. Get it right.



Interesting - because if you were to look for 'all posts by ChocolateDigestive', you will find a hell of a lot of posts that quote what I write and take an opposing view.

This doesn't go your way very often and then you throw your toys out of your pram saying I'm here trying to sell something.

So - it seems you do want to debate with me - your post history shows that quite clearly. What is quite evident is that you can't handle someone disagreeing with you and providing back-up for their points. Hence you then say it's nonsense and you don't want to play any more.

It is clear I have gotten under your paper-thin skin. All I can say is that there is an ignore feature on this forum and I would suggest you add me to your ignore list.
Toast

Here is what you wrote earlier

'TA is the science of looking at effect hoping to find cause.'

I stand by what i say. What you have written is nonsense and it's loaded with your agenda. It is not in line with industry wide definitions of TA. In short you are spamming.

Good day
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Old Jul 22, 2012, 10:33am   #83
 
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Re: TA debunked?

Quote:
Originally Posted by DionysusToast View Post
Nope - Textbook TA is the science of studying effect. Get it right.

I've been thinking about this statement and I think I know what you are pointing at and I partially agree if it is what I think it means.

So if I study past prices and put them up on a chart and see references to

1. Where the market has been come from
2. Draw; trend, support and resistance lines
3. Identify potential entry and exit points

Would I be correct in concluding from your statement this is the studying effect of price movements which you term TA science.


How is this different from you studying ticker tapes and drawing conclusions on when to enter/exit etc?


I fail to see the distinction other than words - to be honest.
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Old Jul 22, 2012, 10:48am   #84
Joined Nov 2001
Re: TA debunked?

Quote:
Originally Posted by Atilla View Post
I've been thinking about this statement and I think I know what you are pointing at and I partially agree if it is what I think it means.

So if I study past prices and put them up on a chart and see references to

1. Where the market has been come from
2. Draw; trend, support and resistance lines
3. Identify potential entry and exit points

Would I be correct in concluding from your statement this is the studying effect of price movements which you term TA science.


How is this different from you studying ticker tapes and drawing conclusions on when to enter/exit etc?


I fail to see the distinction other than words - to be honest.
I think that that was well put. Everything is concerned with calculating risk and drawing conclusions and I'm sure that even DTs peers disagree.
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Old Jul 22, 2012, 10:57am   #85
Joined Apr 2010
Re: TA debunked?

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Originally Posted by the hare View Post
This is one of the reasons that trading forums are completely futile (other than as a means to exploit their membership financially)

You would hope that you could give someone a skeleton, and they'd put the flesh on the bones. I probably have around 6 edges, each of which could be described in a half dozen words. Putting the flesh on those bones is a serious full time job that takes real commitment, and is something that's not going to be possible for the majority of people. I wonder how many people reading this thread went as far as downloading some data and spent the day playing around with the idea. I suspect not many

If you put some flesh on the bones for them, unless you provide them with every single detail of why each element works as it does most people wont be able to understand why you made the choices you made, and more importantly, they wont trust those choices. That's a good thing, its never sensible to believe anything you are told, but it doesn't help them make money

If you give away the whole shooting match, its still not of any use to most because it wont suit their individual risk tolerance, available time, expected returns etc.

On a more positive note, at least we still have the lulz and vendor bashing. Your thread at least prompted me to take a closer look at PCA and ICA techniques that I've been meaning to check out for a while, so it wasn't completely wasted.

images-cat-bag.jpg

I have a very good exercise for ES trading, but the cat will not be leaving the bag.
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Old Jul 22, 2012, 11:00am   #86
 
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Joined Dec 2009
Re: TA debunked?

Quote:
Originally Posted by Atilla View Post
I've been thinking about this statement and I think I know what you are pointing at and I partially agree if it is what I think it means.

So if I study past prices and put them up on a chart and see references to

1. Where the market has been come from
2. Draw; trend, support and resistance lines
3. Identify potential entry and exit points

Would I be correct in concluding from your statement this is the studying effect of price movements which you term TA science.

How is this different from you studying ticker tapes and drawing conclusions on when to enter/exit etc?

I fail to see the distinction other than words - to be honest.
I agree 100%. It doesn't matter what you use, it is how you use it. I think that it is in the 'how' that TA falls down. Head and shoulders, bull flags, bear flags all have very specific 'likely' outcomes in TA books that I have seen but this never plays out more than 50% of the time on the hard right edge. Books I have read have been very specific about pattern and outcome. They describe TA as being objective and not subjective.

Perhaps what we should do is agree on what we actually mean by Technical Analysis. I use charts but I think that all the mainstream TA is nonsense. This could just be because my interpretation of the word "TA" is different from other people's.

According to Wiki TA is the following:

In finance, technical analysis is security analysis discipline for forecasting the direction of prices through the study of past market data, primarily price and volume.

Investopedia says the following:

A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity.

We could argue the merits of TA for a long time - but what if we are all talking about something different? We could all be agreeing in reality whilst we are disagreeing on here...

I think a good book on the topic is "Technical Analysis for the Active Trader" by Gary Norden.

An excerpt...

Click the image to open in full size.
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Old Jul 22, 2012, 11:01am   #87
 
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Re: TA debunked?

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Originally Posted by kimo'sabby View Post
Attachment 141248

I have a very good exercise for ES trading, but the cat will not be leaving the bag.
Right that's it - I am starting a " be nice to your pussy campaign. "

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Old Jul 22, 2012, 11:08am   #88
Joined Apr 2006
Re: TA debunked?

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Originally Posted by DionysusToast View Post
An excerpt...

Click the image to open in full size.
This problem is so widespread that it can only be due to a deliberate policy of spreading misinformation. Ask who benefits, and then ask who funds the distribution of that misinformation

I rest my case

There's nothing at all wrong with the tactic, its just hypocritical that some of the people involved in this process claim to be "helping traders"
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Old Jul 22, 2012, 11:18am   #89
Joined Nov 2001
Re: TA debunked?

Quote:
Originally Posted by the hare View Post
This problem is so widespread that it can only be due to a deliberate policy of spreading misinformation. Ask who benefits, and then ask who funds the distribution of that misinformation

I rest my case

There's nothing at all wrong with the tactic, its just hypocritical that some of the people involved in this process claim to be "helping traders"
Hypocracy is a fact of life in all aspects of today's society. I don't read papers, any more, preferring a good novel, but I do listen to BBC and LBC a lot online. The naivety of the public is unbelievable.
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Old Jul 22, 2012, 11:24am   #90
Joined Apr 2006
Re: TA debunked?

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Hypocracy is a fact of life in all aspects of today's society. I don't read papers, any more, preferring a good novel, but I do listen to BBC and LBC a lot online. The naivety of the public is unbelievable.
I don't really have a problem with that, I came to the conclusion long ago that everyone gets what they want, and most people just cant be helped. Furthermore, changing their outlook or perspective, or their financial status, probably isn't helping them anyway

Those who are the most hypocritical seam to take the greatest offense at having their hypocrisy pointed out to them. That's generally a source of considerable lulz which of course is reason enough to do it
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