Technical Analysis = CRAP

You didn't really answer the question, there were 2 possible answers:

1. TA is legit and you were a serious and legitimate guy working in the industry.
2. TA is bullshit and you were paid to bullshit people.

There is simply no 3rd option...

P.S.: Technically speaking there is a 3rd option, TA was working then but not now, but that rises the next question; what stopped TA suddenly working???
P.S.S.: Man, this thread should be in Religion.... :eek:

Sure. The Dragon pattern or the 2nd gap law are both programmable and objective. Any other questions???

 

I was a true believer in TA, enough to mentor the fund manager ( a hardcore fundamental driven trader) in TA plus provide trade analysis during my tenure at the firm. I believed in what I was doing therefore I wasn't BSing anyone. Hasn't your philosophy, ideas ever changed?

 

He doesn't need funding and he is counting on your doubt.

 

I didn't ask about your belief system or religion. Simple question, was it working or not back then? If it didn't you were bullshitting people...

 

Working in what way? Itbwas good for illustrating trades to clients. Some trades made money, others did not. Were the winners due to my TA, the managers skill at fundamental analysis, good guesses or strong money management? Once again, no. BS I Really don't get your point.

 

But you are still using TA to make decisions. Why do you bash it?

 

He probably flips coins, or burgers.

 

OP, simply post your charts with entry, exit and reason. It will soon be clear if it is TA or you.

 

Yes, it works more often than not and with positive R:R in place, the edge sharpens significantly. I now use 2-10 tick stops and my minimum profit target is 20 ticks with some days (like today) offering several trades of 50 ticks or better.

I trade strictly off charts with no indicators.

Eddie, my offer stands unless you've already told the moderators and put me on ignore

 

Since you don't even understand the topic of this thread, you shouldn't be posting here at all.

Surf, you are defending a lost position like religion. That makes you a preacher in a Jack short of way. That is not a compliment...

By the way, you guys could have illustrated trades to clients with a nice, shiny coin. Here Sir, we flip it, then take a position according to how it lands and manage that position well.

If TA is bullshit, you can't use it for nothing, not even for illustration. It is like I would use astrology to illustrate my life....