Not that it's important, but some people get technical analysis (TA) and price action (PA) mixed up. They're two completely different things. Those who rely on TA cannot trade without first seeing all these squiggly lines like indicators (eg. moving averages, Bollinger Bands) or oscillators (eg. RSI or Stochastics). PA, on the other hand, don't require any of that. All you need is price, period. Price should be your ONLY edge.
Isn’t that a contradictory statement? If all the information is priced in, then what is there to “predict?”
My view: Trading is a game. Just like any other game (chess, poker, sports), the better and more experienced player will beat the rest even if they have access to the same information and resources. In university, we had a few guys in class who simply excelled and was in a different league even though they didn't have any other information than the rest. They simply got it very easily. Some of us still did well, but quite a few struggled as hell just to pass and some even dropped out.
STATS which comprises of many sub pieces like risk management, swing averages, ending formations, etc
So you’re saying that your interpretation of a chart is unique and distinct from everyone else’s? E.g. I see price falling and you interpret it as rising ..?
Because it didn't require one. What you wrote amply shows that you know nothing about price action. So I advise you not to stick your nose into what's obviously out of your league.
LF, will you allow me the honor to address this smart ass guru? Just because YOU CAN'T trade doesn't mean that I can't trade, and just because I CAN trade does not mean you can trade either. (In another word, quit looking down at others through your narrow prism and get your head out of your ass for once.)