Should I say clearly that I believe there's TA that works? There it is, there you have it. Since we are among TA junkies let's add something that you like. There are two main types of indicators, lagging and leading indicators. If you use lagging indicators you are the best wanker that can explain the past. That is totally useless for trading. You will never predict a price using lagging indicators, simply because they are too late to the party. There are thousands of books on lagging indicators, you could fill your entire house with them. They are the best literature to write a book of four hundred pages with lots of charts that won't help you to make a dime. They are full of examples that can also be used as examples of confirmation bias. First point of my first post on this thread. Easy to understand. If you use leading indicators you might have a chance to be in a good place to predict a price. Now, there is no way you can predict a move with one single indicator. You need a few leading indicators working together to make an educated guess. And that sentence is important: "An educated guess". Because that is all you can get. Now look for books on leading indicators, and you will see that you won't find that many, compared to lagging indicators. Even those books will suffer from confirmation bias. Now, this is how you test an indicator. You take every single occurrence of any signal produced by that indicator on every single market and you might have an estimate of its performance. You can say that you have analyzed that indicator and you can trust it. Now, how has done that? Fucking nobody. To add more complexity you can permutate those results with other indicators. And you will have an insane amount of data that you can't handle. There you might have an educated guess of what the indicator can do. Now look for a book that focus on a test on many leading indicators working together to produce a result. Good luck finding that. Compare that with the usual bullshit that you see on trading forums. A regular wanker with one single chart on one single time frame on one single market. Look! I have seen the proof! And then proceeds to throw a chart at your with some lines he draws with crayons. It is fucking hilarious. And this forum is full of it.