It seems as though if enough traders are paying attention to the same indicators and basing decisions from the same information, technical analysis is only as important as how popular the indicators are. Does TA have any meaningful validity? All I use is short and long-term charts for stocks and futures, quotes and news, and I manage to do much better then most of my peers.... especially better then the ones that have 50 different trend lines and bands on their charts. It really doesn't make sense to me. Maybe it's just a security blanket that some traders need in order to gain some type of confirmation to pull the trigger on a trade. Seems like kind of a waste of time and energy to me. Are there traders out there that do well trading with stochastics, rsi, bands, and trend lines?