You're the one who claims others opinions doesn't matter. This is a forum , and OP presented an opinion and offered mine. You shut down all anti TA with your response to me. Maybe you need to open your mind a bit
TA is a umbrella term and anything that is historical price data is TA. Renaissance Technologies, Citadel, Jane Street, Optiver, Goldman Sachs, JP Morgan all use TA. If your algorithm is looking back one micro second, that is TA because you are using historical data to make a decision in the current now.
Like I said, you are free to believe whatever you deem to be right. I have already stated my reasons why I believe otherwise. Now, you do not like my strong opinions, that is your problem. Why would I change my beliefs to go along with you when I believe you are wrong? That would be dumb.
You can almost gauge someone's low level play by how they analyze their charts. These pro players certainly not using random ass lines on a chart and ob/os indicatoes
Thanks. A different perspective just like mine. I think most people on ET find it difficult to understand that some else might have a different view point from theirs. It does not mean I am right. I think maybe not even the newbies actually, just like organized religion, the deeper you go into it, then you might begin to find every opposing logical question as threat.
Okay, I get your point. However, I think for most people, they should not pick stocks. I was referring to buy and hold as buying and holding the market indexes like the S&P 500.
Sure, TA is a broad space. You see weird shit like WD.Gann, Eliot Wave, Astrology, Time cycles, Seasonal cycles, etc.
Exactly, you are indeed right. Even though what renaissance do can be called quant trading, but TA/ still overlaps with quant trading. I definitely do not think quantitative trading is BS. I think my tittle should have been specifically chart patterns not entirely TA. Then I still don’t understand why a lot of other people on this thread are offended, it was just my opinion and I did not even claim that I think I was right. Just wanted to hear from other TA traders what they thought. That’s why there is a question mark in the title(discussion).
Astrology. Never heard of that been used to trade. Interesting, you never know. It could be that holy grail we have always searched for.