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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?

To: Apakhabar who wrote (504)	4/15/2001 11:29:45 PM
From: Brandon	Respond to of 867

I use T/A for almost all of my trading...however, the longer I do this, the more I am sure its not the T/A that is successful, rather it is me. If trading was simply about a T/A pattern or a simple matter of tape reading, anyone could and would be taught to do it. There would be no companies for any of us to trade, because everyone would trade, and they would not have to work for the companies. Brandon

To: Apakhabar who wrote (504)	4/16/2001 3:40:40 PM
From: The Flying Crane	Read Replies (2) \| Respond to of 867

Apakhabar, >>"Certainly it can be argued that TA is necessary to develop intuition. Or at least that an understanding of the psychological and emotional underpinnings of what creates technical indicators is needed. That would IMO be putting TA to much better use: focusing always on the matter of how to understand the market better from an intuitive point of view, and not from one based on statistics, mathematics, or even (here comes heresy) probability."<< IMHO, I see a parallel between what you said above and a world-class poker player. A great poker player knows how to read people face (read TAs in our case) and then determine how much to bet, to bluff or not to bluff. When pressed, I don't believe these great poker players can tell you in a technical (or mechanical) way how they they read face. They may tell you that intuition play an important role. The same way intuition plays when the great trader decides how much size to play when reading the TAs. Of course, these successful poker players already have YEARS of experience under their belt to claim that elusive intuition. In short, there is no short cut to intuition. One must pay the price of experience- good and bad. FC

To: Apakhabar who wrote (504)	4/16/2001 6:16:49 PM
From: Threei	Respond to of 867

I would say, TA is a tool that brings structure in the chaos. No TA study is generating buy or sell signal per se. It's not about TA formation itself, it's about what one does with it, how he/she interprets it etc. No black box system is working (well, one can make money selling it :). Trade/risk management, understanding of deep underlying mechanics reflected by TA and intuition (which in the end is a sum of experience that resulted in "getting there without knowing how you got there") are necessary components, and probably all there is to good trading... Great trading requires something else... may be a bit of luck at the right moment? :) Vadym