Why I Don't Believe in TA

Discussion in 'Technical Analysis' started by marketsurfer, Feb 9, 2013.

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  1. cornix

    cornix

    For now, let's just cut it to PA (price action) and possible derivatives of it aka price indicators for the sake of experiment.

    I define PA as making trading decisions depending on past prices alone.
     
    #111     Feb 10, 2013
  2. I don't talk about LBR for personal reasons. Anyone else?
     
    #112     Feb 10, 2013
  3. May I add that you view past prices on a price chart? Such as a candle stick or bar chart?
     
    #113     Feb 10, 2013
  4. cornix

    cornix

    No problem, I understand, let's wait for others' versions. :)
     
    #114     Feb 10, 2013
  5. cornix

    cornix

    It's not really that critical, because chart is just graphical presentation of trades occurred, be it candlestick, bar or exotic, such as Kagi, Renko or P&F is a question of taste just like choice of price derived indicators rather than essential element of data input.

    In my (possible objective) view making trading decisions based on OHLC numbers printed in the newspaper or based on the same numbers demonstrated by the candlestick chart are both cases of PA/TA reading.
     
    #115     Feb 10, 2013
  6. Pekelo

    Pekelo

    Hey, ain't technology great? Here is Suzanne's webinar:

    http://www.youtube.com/watch?v=UHfdDrRSWmY

    "This webinar presented by Professional Trader and Trading Coach Suzanne Bodlovic, features a method of analyzing markets using momentum patterns while combining multiple charting time frames to confirm market trend to help give traders an edge on being on the profitable side of the trade and avoid over-trading."
     
    #116     Feb 10, 2013
  7. Funny! she looks very similar to LBR. Sisters???

    :D :D
     
    #117     Feb 10, 2013
  8. Her physical appearance does not show up in the video, you must not have looked at it.

     
    #118     Feb 10, 2013
  9. rt454

    rt454

    I was going to say TA is making trading decisions on something other than income statements, balance sheets, PE ratios, PEG ratios, news, etc. I like your description better.
     
    #119     Feb 10, 2013
  10. cornix

    cornix

    [​IMG]
     
    #120     Feb 10, 2013
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