What is Technical Analysis? Why does it work?

Discussion in 'Technical Analysis' started by iamnewuser911, Mar 26, 2016.

  1. Maybe the answer to this question would clarify. Is selling a iron condor directional? My definition of directional is that no its not. Maybe your definition of directional is that it is.
     
    #131     Apr 4, 2016
  2. dartmus

    dartmus

    That's not what efficient market hypothesis says :D
     
    #132     Apr 5, 2016
  3. bogitrade

    bogitrade

    TA is borderline scam if not outright and its teaching should be banned.
     
    #133     Apr 9, 2016
  4. kut2k2

    kut2k2

    LOL! Banned by whom? Congress? The UN? God?

    TA is a huge low-quality junkyard with a handful of treasures hidden inside here and there. The fact that you've never found one of the treasures, and likely never will, doesn't negate the fact that they are there.

    Sorry, you just don't have what it takes to be a technical trader.
     
    Last edited: Apr 9, 2016
    #134     Apr 9, 2016
  5. wrbtrader

    wrbtrader

    A lot of retail traders use chart analysis, some hedge funds use chart analysis, some institutional traders use chart analysis, some hedge funds use chart analysis other occupations use charts (e.g. real estate forecasts, weather forecasts) and so on.

    I guess it depends on what type of TA is being used on the charts to help make decisions while using other resources.

    Simply, TA is a big place...not a scam but many just don't know how to use it to help them and many don't need it. Usually those that use it...its not the only thing they're using.
     
    #135     Apr 9, 2016
  6. I Know You

    I Know You

    And the alternative is...
     
    #136     Apr 9, 2016
  7. Statistics
     
    #137     Apr 9, 2016
    Robert Modd likes this.
  8. kut2k2

    kut2k2

    My TA is based in part on statistics. TA and statistics are not incompatible.
     
    #138     Apr 9, 2016
    I Know You likes this.
  9. Of course. You still gotta open your eyes:)
     
    #139     Apr 9, 2016
  10. I Know You

    I Know You

    Exactly so, stats are derived from past price action, makes it part of TA.
     
    #140     Apr 9, 2016
    userque likes this.