Technical Analysis is total rubbish! Here's the proof!

Discussion in 'Technical Analysis' started by SillyWilly, Apr 27, 2018.

  1. Handle123

    Handle123

    I can fully understand your point of view, but when I scalp and average durations are less than 3 minutes, it wouldn't matter if Pres Reagan rose from the grave. We all have points of view, where I am more written rule based ground in childhood, don't put together red and black wire or we back in ER again, and there are many who use some form of rules based on world events and economies. People have "ideas" of who they are and base their abilities to what makes sense to them. There is no right or wrong, just your accounts.

    But you basing it on what you have read by others or schools you attended and they shoved their ideas onto you, how about experience of when something happens, the people involved-what happens to their lives-their quality of life, do you think steel workers want to get hand outs from the government or go to work each day but they can't cause some country is paying rice bowls for workers and there is lack of true competition and equality? How about the our people !!! How about traveling to 100 countries plus and experience the real world instead of reading about it at your desk.:D
     
    #41     Apr 28, 2018
    beginner66 likes this.
  2. I did travel to most countries. Did you?

     
    #42     Apr 28, 2018
  3. tomorton

    tomorton


    Not literally shoot themselves, but they may feel like doing it I suppose.
     
    #43     Apr 28, 2018
  4. To be more precise, to more than 2/3

     
    #44     Apr 28, 2018
  5. speedo

    speedo

    There are two things that must be mastered to trade for a living:
    1- Taking the time and effort to learn how to trade.
    2- Developing the strict discipline, focus, courage and patience to do so.
    Failures are not due to TA but violations of the above.
     
    #45     Apr 28, 2018
    Sprout, lcranston and tommcginnis like this.
  6. Agree, of course it was said in humor. But from the many years in various markets it appears to me that true alpha generator make up a tiny minority. And most of them were diligent students of economics and close watchers of dynamics in fundamentals.

     
    #46     Apr 28, 2018
  7. schweiz

    schweiz

    The fact that, according to you, good knowledge of English is needed to get TA right, shows what an idiot your are.
    How many languages do you speak? If you are an American it will be 1 probably. I speak 4 languages, with or without small mistakes.
     
    #47     Apr 28, 2018
    lcranston and Xela like this.
  8. Considering the heavy calendar for both Fundamental and Economic releases this week, what is your analysis? How have you positioned for these upcoming events?
     
    #48     Apr 28, 2018
  9. schweiz

    schweiz

    So besides of writing error free English, one should also travel to a lot of countries to be a good trader?
    You just entered the hall of fame of ET. LOL.
     
    #49     Apr 28, 2018
  10. You won't succeed baiting me. Let it suffice to say that attention to detail or the lack thereof in both, trading and the usage of language highly correlates and that it does impact trading performance.

     
    Last edited: Apr 28, 2018
    #50     Apr 28, 2018