If the cases of Richard Dennis, Nicolas Darvas, Jesse Livermore is not proof enough for you, that technical analysis works, nobody is going to teach you to read a stockchart and understand it. These are actual traders who made huge sums in the stockmarket using technical analysis. Now, all you needed to do is study the way they approached the stockmarket and you would understand they used technical analysis in their trading. Take note too that during Jesse Livermore's time in the 1940s and Nicholas Darvas time, they did not have even printed stockcharts then to study. Still, they studied the price movements and made notes of it. Now, that we have stockcharts, Darvas approach has been studied multiple times by various traders using stockcharts. They know without a doubt that he used technical analysis. Top hedge fund traders nowadays like Paul Tudor Jones, Steven Cohen, Ray Daily, Ed Seykota all use technical analysis in their trading. That is why they are consistent and make billions of dollars trading, year in year out. So, who are you going to believe, someone who has shown huge success in the stockmarket using technical analysis or someone who has no clue about technical analysis and say it does not work?
Don't worry, no one will pay for your trades. You said something interesting there along win rate, ratios, entries, stops and targets. Are you saying that risk management is what makes trading to work? Risk management is the key, obviously, the rest is just pseudo science to generate broker commissions. Now please tell any TA advocate to not to use risk management and you will see how they end.
I would stop here, TA works because statistics plus risk management work, when you are billionaire you change approach, the problem is what is modern TA? I want to tell two things: 1) Today when a professional news terminal to a retail or small trader firm, before they read the news there is a `huge` possibility, their natural language processing algo based on words baskets already bought a position and are waiting the subscriber of the service to create liquidity to exit. Instead technical analysis SHOWS in real time what is going on at the eye of the expert "tape reader" (not the chartist) 2) Please do not say Wyckoff does not work, I am not an expert, but if we do not consider day trade actions, hedge funds algorithms are `normalizing` more than ever Wyckoff, in 2020, in 2021, in 2021 we saw accumulation and distribution. Holly Jolly an hedge fund cannot liquidate a position overnight, even not in dark pools, or with other institutional methods Happy trade my friends, good market listening everyone
Wrong again. My post about payout is a valuable knowledge, but I didn't ask for a pay. It is only for something worth much more than public knowledge that I ask for a pay, especially from someone like you, who are looking for a free holy grail.
Once again - time, price, pattern, trend and momentum right into Dow all time high ..... in 1929. TA before TA was a thing:-