Your not trading against "humans" with 90% plus of all volume coming from machines. These machines game each other, rendering the behavior argument mute among other reasons. In addition, the majority of academic studies prove chart ta is doomed to fail. Not to mention most traders if they are truthful. surf
The word is moot and while volatility has increased, trading remains much the same. If you spent as much time studying price action as posting nonsense, you might conceivably know this.
Wrong and if u really extracted profits over the long term, you would understand. But thanks for the speelin lesson.
If you use TA to make money on analyzing charts, great. If you think it is useless, then do not use it. Discussions to convince 3rd parties of your beliefs are started by people with noting better to do and probably do not trade because it is a useless and time wasting discussion. I do not need to debate or convince you of anything because I am not trading your account and you are not managing mine. CASE CLOSED.
I've never been able to make it work after 5 years of full time trying, but I still think it probably IS possible.
With effective money management -- random entries based on your market bias -- its possible to make a killing.
Eddie, I didn't make any money in my first 5 years and the first two were brutal. I do not know anyone who trades for a living who has not paid some serious dues.
Mute is a good substitute for someone unable to exercise the restraint necessary to remain present and execute the correct form of "your" when he certainly knows that rule well but is unable to access the portion of his life which is orderly and composed. The portion capable of discerning the it's machines not humans argument is "mute" because it doesn't fit the context and storyline of the post he quoted.