TA is for gamblers. Article is good. Paper traders look at charts and think TA works but those with skin-in-the-game know that with real money things are different. TA is 50% minus trading cost and ends up a negative-sum game overall. No one would invest multi-millions in equipment to do high frequency market making if TA worked, I mean no one, it would be stupid.
I don't gamble and neither do several others I know using TA exclusively in trading. If it does not work for YOU...state that. But just because YOU can't make it work does not mean others cannot.
Is TA broken due to Fed? For the last decade TA has been created..., due in large part..., by the FED Thinking it broke - is falling victim to the human-ness that plagues most traders mkt should be doing this - but it ain't makes no sense why the mkt is doing this - I'm going opposite economy faltering / job growth down / unemployment up - why is mkt going up Trade it - as what it is..., not what you think / want / expect HFT contributes to TA..., just as the FED..., just as BSDs One important note - they all work in different arenas (not to be confused with TFs) We.., as independent traders..., can choose which arena we work in..., we can cross an arena anytime we like..., we can work across arenas at our choosing We can also get stuck and screwed in an arena It always best to work in a big arena..., unnoticed imho Admittedly - I doubt what I just said above makes any sense to many RN
So you are saying TA is usable to it's fullest extent ONLY in NON-TRENDING markets. To each their own. Trade On!