I agree that if it works for you, go for it! BUt eventually, all traders who stick with it rise out of the TA ghettos. surf
This has actually been a pretty easy trading environment, especially in the /ES. Price have respected the level of support almost perfectly, so much so to where buying near those levels were really low risk.
Yes, but you only know that after the fact. You can make bets based on it but it doesn't increase your odds of success. TA is descriptive, not predictive. surf
I don't think it's this complicated. Markets are basically support and resistance over and over again - and even that is an indirect, almost derivative, effect. In addition to that there's also the aspect of how or when the majority will end up screwed by another larger player(s) one way or another. D. Assuming this puzzle sequences from left to right, top to bottom, it's based on a 90 degree rotation followed by another 90 degree rotation of the opposing side rotated in the 2nd step. CW vs CCW doesn't matter as it's 90 degrees.
You are very wrong. A chart can tell you where larger traders are likely positioned this information is very valuable. Once you have a grasp on their MO you can gain an edge that would amaze you. Note that just because a larger trader might not use a chart to trade this does not mean their footprints will not be left on a chart.