ProfLogic, you have my deepest apologies if I offended you, and, if you would be so kind to forgive me, I promise to behave as best I can. Maybe now we can have a real debate about TA? Your fellow Trader, TE
TE will open The Debate, as follows. Please read this as it will save me typing it out. https://www.credit-suisse.com/legal/pb_research/technical_tutorial_en.pdf TE
FA, you must learn to forgive and forget. For Example, you saw how ProfLogic and TE were at loggerheads, and now look, they are going to hold a useful debate about TA, and show how an ordinary Joe Soap trader can quickly get an overview of the main things that need to be known in order to use TA and start executing trades. TE
A bit too brief r2. We need to show Joe the major components of TA, starting with the basics, moving along with the detail, and ending with the difficult sections. It might be beneficial to use Outlining for clarity. TE
When you get to the end, please pick ONE of the following as being the most important to YOU. The strong points of technical analysis are: 1. is governed by a system of rules and guidelines 2. provides objectiveness in the decision-making process 3. is fast to apply (once skills are learned) 4. is applicable across all time frames 5. is applicable to all markets 6. generally pre-empts fundamental data 7. has been proven in the market for over 200 years 8. is fun and can earn you money.
FA, if you apologize to BO, TE will upload a pdf that may be useful for currency trading. It was given to TE some years ago by a trader who asked TE to comment on it. It's usefulness will depend on the person that uses it. TE might even leave the password out, but that is really killing TE and might just not be possible, but, if the password is in place, a EULC will of course be given TE
r2, whilst you may well be CORRECT, the debate must be debatable, else it will not be a debate How many know what Outlining means? Not being smart, just asking in case some are not aware, and, it is helpful to be aware of what is being spoken about, for, too many go thru life without opening their mouths, and, then wonder why they get nowhere in life? TE