Is Technical Analysis a joke??

The true holy grail is risk management
All systems fail, so you only have risk management to survive.

 

Yes! The math, the risk & trade management is far more important than the chart patterns. X100

TA has a key role to play re decision support and scanning, but it's tiny compared to risk management.

Wish I'd understood that 20 years ago, just how much

 

There are these two young fish swimming along and they happen to meet an older fish swimming the other way, who nods at them and says “Morning, boys. How’s the water?”

And the two young fish swim on for a bit, and then eventually one of them looks over at the other and goes “What the hell is water?”

- David Foster Wallace

 

Most can't understand charting so they not going to understand relationship of adding TA. What came first, chicken or an egg?

 

The chicken.

 

ES morphing from head and shoulders to inverted head and shoulders

 

No it’s not.

 

The egg of course.

 

Wrong. Totally wrong. You got to have a chicken to have an egg. But you don’t have to have an egg to have a chicken.

 

Not at all.
Too birds can make a chicken.
And that’s the only way to get there.