Does Technical Analysis Work?

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A big problem with TA; Bright DayTrading Co never liked 5 minute charts too long LOL .I hardly ever use them -to many comissiopns......LOL

 

Such a good post, I like it

 

It all works until it doesn't. Really, read it a few times. Repeat it out loud.

 

For calculation kind of TA like moving average, at least you can try to prove it works in history or not.
For trendline kind of TA, there is no way to prove. It is like UFO kind of stuff.

 

Does Technical Analysis Work?

Does Art Work?

Depends on Who's Driving.

youtube.com/watch?v=Fk0V_GGa2XM

 

Fresh H&S? Devious rascals'll probably take us down to about, oh, 7666.50, per the Church Lady
https://www.investopedia.com/terms/h/head-shoulders.asp

 

Depends on TA.

"Public" TA is not working. You may check it by:

• automation
• deep understanding

"Private" TA is working (example).

 

That's right , work with the bigger picture first then fine tune.

 

Yes . . . basing you return expectations in line with your trade time frames.