Can I trade mostly based on technical analysis?

This is a discussion on Can I trade mostly based on technical analysis? within the Forex forums, part of the Markets category; I think most traders could happily lose using TA FA or SA. I think the whole 'one works one dont' ...

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Old Jan 1, 2017, 1:58pm   #25
 
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I think most traders could happily lose using TA FA or SA. I think the whole 'one works one dont' thing is just another distraction.
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Old Jan 1, 2017, 2:09pm   #26
 
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Originally Posted by darktone View Post
I think most traders could happily lose using TA FA or SA. I think the whole 'one works one dont' thing is just another distraction.
Yes and some can happily win, too. The conclusion is that it's the traders and how they manage their trades that "work" not what they might use to get into a trade in the first place.
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Old Jan 1, 2017, 2:39pm   #27
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For me, the difference between TA and FA is TA has a greater emphasis on probability. You don't know if any given setup is going to work so you have to take each one. The FA approach is more clear cut where the information gives a clear signal. The outcome is you can avoid the losses that's inevitable when trading probability. This has made the biggest difference to my trading results and I am more profitable. You also get larger wins

Last edited by forker; Jan 1, 2017 at 2:46pm.
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Old Jan 1, 2017, 6:41pm   #28
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Originally Posted by forker View Post
For me, the difference between TA and FA is TA has a greater emphasis on probability. You don't know if any given setup is going to work so you have to take each one. The FA approach is more clear cut where the information gives a clear signal. The outcome is you can avoid the losses that's inevitable when trading probability. This has made the biggest difference to my trading results and I am more profitable. You also get larger wins
This is so true so I could not agree more.
Normal retail traders probably don't really understand what you're saying because they don't know which fundamental info affects currency substantially and permanently and why.

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Last edited by victorycountry; Jan 1, 2017 at 6:46pm.
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Old Jan 2, 2017, 9:52am   #29
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i ignore all else ( apart from eco calender)
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Old Jan 5, 2017, 6:07pm   #30
 
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Really and truly Technical analysis is all you need to trade the psychology of the market is within the money, identify those points that the market has rejected (Support & Resistance Areas That Carry An Average Price That The Market Is Respecting) and trade based on what you see, not what you think. when trading there's no magic or some sort of special 'formula' which is gonna make you a **** ton of money, trading forex you will make money and LOSE money, it's all about the consistency of making more than what you lose, for example you made 2000 bucks in a week & lost 300 bucks total profit is 1700 bucks, as long as you keep that consistency, you will go very far in trading forex because you will just keep improving
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Old Jan 6, 2017, 3:15pm   #31
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whatever works best at the time .............as long as you are tuned to your specialised market then go with the flow

if you are not tuned in ........then you may as well spin a coin .........

N
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Old Jan 10, 2017, 9:27pm   #32
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If anyone follows technical analysis then they should be more careful during the news release as these technicals can sometimes goes wrong during the unpredictable news impacts on market.
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