Why does anyone take technical analysis seriously?

Discussion in 'Technical Analysis' started by Sotnis, Sep 30, 2015.

  1. What platform is this? Is it from a live account, or is it impossible to tell?[​IMG]
     
    #21     Sep 30, 2015
  2. you and me both; once upon a time I was a scambaiter... Death to HLF

    (I would have said something to those mugus)
     
    #22     Sep 30, 2015
    marketsurfer likes this.
  3. speedo

    speedo

    You are correct, charts do not print exactly alike...but they rhyme. The art is the ability to read verse. I will very occasionally visit one of these forums for a laugh. Telling a professional technical trader that TA does't work is like telling an astronomer that there is no moon.
     
    #23     Sep 30, 2015
    KaizenTrader, kut2k2 and dartmus like this.
  4. I have a little "personal" knowledge about scam baiting also. That's one reason i can see right through this bandwagon TA effect on elite.
     
    #24     Sep 30, 2015
  5. Mtrader

    Mtrader

    And also from your intelligence or lack of intelligence, to understand TA.
     
    #25     Sep 30, 2015
    lawrence-lugar likes this.
  6. Mtrader

    Mtrader

    If I see something that does not "work" for me, I ask myself the question: "is it really not working or am I too stupid to understand it?"
    But on ET there are some posters who know that they are so smart they understand everything in trading. That behavior is the ultimate proof of stupidity and also of arrogance. They never heard about being humble. Probably too much problems with their ego.

    PS: this is the 1001's thread about TA. In a short time "trendfollowing" will start again too. Why? Because human behavior is predictable and repeats itself over and over again. Just like in TA.
     
    #26     Sep 30, 2015
    KaizenTrader, dartmus and speedo like this.
  7. I get mocked by my professors in finance, but the one professor that did trade never mocked me.
     
    #27     Sep 30, 2015
    KaizenTrader, kut2k2 and dartmus like this.
  8. wartrace

    wartrace

    Yep. My theory is that TA may work but the shorter your timeframe becomes the less useful it is.
     
    #28     Sep 30, 2015
  9. speedo

    speedo

    It works on all timeframes but the lower you go, the more squirrely the price action. Scalping is a tough way to go.
     
    #29     Sep 30, 2015
  10. kut2k2

    kut2k2

    Excellent analogy. Surf is like a person who lives in a strange land where the sky is always cloudy whenever the moon is in the sky, so he's never seen the moon. Consequently he doesn't believe in the moon. But he is also ignorant of lunar tides, which is evidence of the moon even when it's hidden by clouds.
     
    #30     Sep 30, 2015
    dartmus likes this.