Now - let me qualify my posts as you seem to not understand why you are being 'attacked' as you put it.
Don't hold your breath waiting for imaginary sales calls lurking around the corner, you won't make it if you do and you will end up in the hospital on a Code Blue.
The typical poster here that comes on with $9K-$14M in 6.75 month type claims is generally selling something....
That only applies to someone selling something, I would gather. Therefore, by definition, it can't possibly apply to me, firstly. Secondly, starting with a false assumptive declarative that has no historical background or evidence for its existence, is not the way to prove that a thing actually exists. Consider the Archeologists, Paleontologist, Historian, Theoretical Physicists, etc. Do any of them approach their peers using an unprovable assumptive declarative as their way of writing their names into the history books of Discovery and Progress? I think not.
The lure of a mathematical solution to the markets for a newbie is obvious....
Yes, I've heard it all before from people that don't quite understand what they are rebutting and my reply is always the same. Until you know the subject matter, you cannot possibly have an opinion. What's my opinion of the Grand Canyon? I don't have one. Why? Because I've never been there.
You can't possibly know the TA that was created in the mind of another from scratch, dirt. So, claiming that "all TA" is this, or "all TA" is that, is like hearing somebody after they purchased a ticket to a Football game in the NFL, sit in the stands, drinking beer and having a "serious opinion" about what the Offensive Coordinator should be doing down on the field.
Technical Analysis, is just as varied as their are grains of sand on a beach. So too, will be the results obtained by those who attempt to deploy it. Technical Analysis practitioners are just as varied as grains of sand on a beach, as well. There are no two alike in all the world.
Even those using the exact same conventional indicators are more times than not, tweaking parameters to suit their individual needs. There is conventional inside the box TA and there is unconventional, outside the box TA, which is typically something that somebody else spent
years developing.
The last false assumption about TA is that somehow, the one using TA is not using their "brain" when they trade. That somehow, the TA practitioner merely sits back and lets it all happen for him/her and that Fundamental Traders are out there in the markets with their "brains" fully engaged in what they are doing. L....O.....L, to that false assumption.
Why? Because the guy or gal that has a TA system that truly works, got there, because they worked their butt off for most likely
years before they began to see consistent synergy between their ideas and their profitability. The notion that somehow, TA Traders are disengaged, is ludicrous! You build a House
once. After that, you
live in the house! You don't sit around hammering nails through 2 by 4's all day long, or sit on the top of your roof in the boiling sun laying roof shingles. You don't move furniture for the rest of your life, once your house is completed - you
sit down on your furniture and
enjoy the fruits of your labor.
Building your TA system is precisely the same as building a house.
Once your system is completed, all you need to do is cut the grass and trim a few "hedges" over week or two. You don't even have to water the lawn anymore, if you were smart enough to integrate a auto-irrigation system into your house. And, if you were truly smart - you ran Cat-5/Ethernet and Fiber Optics throughout your new house and you routed everything through a central server in your in-home IT room and then out to a Full Digital Control, LED Panel, House Awareness
System that drives everything from indoor lighting, outdoor lighting, irrigation, windows, security, home entertainment, fire alarm and emergency medical. In other words, if you were smart, you designed and built a house that
worked for you instead of
you working for it.
Lastly, and then I'm going to let this go, you should be fully aware that that one of the largest and most successful Model Funds in the world, was built using outside the box TA. Banks use TA, Institutions use TA - many of the entities that you trade against using Fundamental Analysis, are trading against you, using some form of TA.
The fact of the matter is that we ALL use a System of some sort, whether manually or automated, we ALL use protocol to make trade decisions. And, what exactly do you think Protocol means? It means Rules Based Trading, whether inside a Box (computer) or inside your head, it is all a system of trading the markets. Rules make systems, not Economic Reports. You still have to establish a Protocol and attach that Protocol to a specific action, AFTER you have digested your Economic Reports for the day.
Otherwise, you are not a Fundamental Trader, you are a Fundamental Guesser.
Making decisions based on the Fundamental Reports, well, that is a system, too - whether you know it or not. You might not have codified it the exact same way a TA practitioner does, but you still use Rule and Protocol based on what you get out of the prevailing news, bottom line. That's called a systematic decision tree. And, you use one every single time you trade AFTER digesting a report/news.
So, the only real question is: Just how systematic is your system. Because the fact the you trade with one, is undeniable if you trade at all. You can't trade these markets on a wing and a prayer. You must have Rules and Protocols to follow, whether encoded or not - regardless of the market you trade, unless you have and use insider knowledge and that is illegal.
A system, is still a system, is still a system. Like it or not, we all use one. Some of us just like to pretend we don't. Show me somebody trading the markets without a system and I'll show you somebody who is not trading at all - rather, gambling and guessing instead while calling it "trading."
We are ALL System Traders or System Money Managers because we ALL deploy Rule and Protocol in our decision tree.
TradeSMART. Manage your trade. :smart:
