Don't shoot the messenger....I did NOT create this definition of TA. "A method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. " http://www.investopedia.com/terms/t/technicalanalysis.asp
good evening guys, of course drivel. Ha, have you actually taken anything over the past 30 pages seriously? You honestly think I give a rat's ass how anyone else trades? The more idiots in the market the better. I absolutely love it. You seem to be the only tool who took this seriously. I am out of here, what a bunch of jokers. HUNDRED MILLION dollar fx traders trading off charts and using NINJA TRADER, how comical. Guys, I had a good laugh, hope you likewise.
no you just shot yourself with this ridiculous comment ;-) Publicly for everyone to see. Hey, we are all TA disciples. Night.
With an ego like yours? Yea..its obvious it gets right up your nose but lets see if you can do it, is he really "out of here" this time...
Denial.....it's not just a river in Egypt PS Disciples? Why the religious tone, we are talking about trading here.
I have a name, but I don't whore myself out like some people here try to. For instance, I don't try and sell my old junk on ET, things like that.
Actually, this isn't quite true. The purpose of fundamental analysis is to determine the value of a company. The purpose of technical analysis is to determine the value of a stock (or stock proxy). Technical analysts couldn't care less about book value and free cash flow. Fundamental analysts couldn't care less about the price of the stock (or whatever). The value of a company is what it is, unless someone has been futzing around with the figures ("beat expectations by a penny"). The value of a stock or other traded instrument is whatever someone is willing to pay for it and someone else is willing to accept (it is true that technical analysts do not attempt to measure a security's intrinsic value because it doesn't have one). TA can evaluate securities by analyzing statistics but doing so is not necessary. Technical analysts can also evaluate securities by the balance of demand and supply and the "value" that buyers and sellers reach when they conclude a transaction. Patterns can play a part. Indicators can play a part. Charts can play a part. But none of this is necessary. One can also judge the balance between demand and supply by viewing a simple T&S display. Those who have been in the market for less than twenty years and those who know nothing of market history may believe that TA is just another term for patterns and/or indicators just as fervently as religious fundamentalists believe that the earth was created in six days. But that does not make it so. There was a trading world before the internet, before charting software, before online daytraders, before RT streaming quotes, before discount brokerage. However, that world is not a secret, and there is no particularly good reason to be ignorant of it.