|
PureBytes Links
Trading Reference Links
|
In TA there is an issue of what counts as a tool.
And a charlatan...
And who decides...
>From: "Jose Silva" <josesilva22@xxxxxxxxx>
>Reply-To: equismetastock@xxxxxxxxxxxxxxx
>To: equismetastock@xxxxxxxxxxxxxxx
>Subject: Re: [EquisMetaStock Group] Does TA work?
>Date: Mon, 12 Mar 2007 02:06:04 -0000
>
>Well, that's exactly the point, Richellen. A hammer and saw will always
>work, but not always as intended by the user. The same applies to TA
>tools - it all depends on how well they are understood and applied.
>
>Give the hammer and saw to a total idiot, and see what the outcome is.
>
>Give TA tools to the inexperienced, and the result is likely to be
>confusion and loss of capital.
>
>Give TA to a clueless charlatan, and you can multiply confusion and loss
>of capital 100-fold. This is the reason there are laws in some countries
>against handing out financial advice by the inept - not that they always
>protect the public...
>
>
>jose '-)
>http://www.metastocktools.com
>
>
>
>--- In equismetastock@xxxxxxxxxxxxxxx, "richellen" <richandellen@xxx>
>wrote:
> >
> > This is a nonsense analogy..I've never seen a situation where a hammer
> > will not drive a nail or a saw won't cut a piece of wood.
> > Any indicator should be as reliable. We can only hope.
> >
> >
> >
> > ----- Original Message -----
> > From: Jose Silva
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Sent: Saturday, March 10, 2007 9:15 PM
> > Subject: [EquisMetaStock Group] Does TA work?
> >
> > Technical Analysis (TA) can be both a time-saving tool and an extension
> > of a trader's own abilities. Unbeknown to some, it is not an effortless
> > shortcut to profitable trading, its is not an ATM, and nor is it the
> > Holy Grail.
> >
> > TA is a tool like any other, useful only to those that can put it to
> > good work. Often, sweeping statements are made such as "TA doesn't
> > work".
> > What I read there is, "TA doesn't work for *me*, because either I don't
> > understand it, and/or I don't have the skills or experience to put it to
> > good use, and/or I'm waiting for someone to do my homework and explain
> > it all to me".
> >
> > For an analogy to TA tools, take the building tools of a good tradesman:
> > hammer, saw, nails. Given enough experience and skills, there is a good
> > chance this person could build a simple house with his tools. I see this
> > where I live.
> >
> > Now, along comes anonymous amateur handyman Blow Joe, and saturates a
> > tool forum with sweeping statements such as "building tools don't work,
> > they cannot be profitable, you cannot build a house with them, they've
> > been fail-tested by professionals, the saw doesn't work anymore, blah,
> > blah, blah."
> >
> > TA does work.
> >
> > It works for those who are prepared to put the time and effort to
> > understand the tools and use them appropriately. Beware of charlatans
> > that come to a TA forum and claim otherwise.
> >
> > jose '-)
> > http://www.metastocktools.com
>
>
------------------------ Yahoo! Groups Sponsor --------------------~-->
Transfer from your equities account.
Receive up to $1,000 from GFT. Click here to learn more.
http://us.click.yahoo.com/aZttyC/X_xQAA/cosFAA/BefplB/TM
--------------------------------------------------------------------~->
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/equismetastock/
<*> Your email settings:
Individual Email | Traditional
<*> To change settings online go to:
http://groups.yahoo.com/group/equismetastock/join
(Yahoo! ID required)
<*> To change settings via email:
mailto:equismetastock-digest@xxxxxxxxxxxxxxx
mailto:equismetastock-fullfeatured@xxxxxxxxxxxxxxx
<*> To unsubscribe from this group, send an email to:
equismetastock-unsubscribe@xxxxxxxxxxxxxxx
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
|