Does technical analysis work or not?

This is a discussion on Does technical analysis work or not? within the Technical Analysis forums, part of the Methods category; Originally Posted by forker Consistency doesn't mean you have to get every trade right. Nobody on earth can claim that ...

View Poll Results: Does technical analysis work in your opinion?
It does 20 54.05%
It doesn't 9 24.32%
No foggest clue 4 10.81%
What's technical analysis? 4 10.81%
Voters: 37. You may not vote on this poll

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Old Apr 5, 2016, 2:25pm   #17
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Originally Posted by forker View Post
Consistency doesn't mean you have to get every trade right. Nobody on earth can claim that title.
Yes, I understand. This is why I suggested you put up trades only after it has gone into profit, obviously within some fair limit of promptness. It will reduce your burden that way. Trading is pretty tough, I see no reason to put obstacles in your way when the market itself is quite capable of doing the necessary.
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Old Apr 5, 2016, 2:39pm   #18
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Originally Posted by EnlightenedJoe View Post
The usual figure is 90% of retail "traders" lose - my own figure is much higher. As they all use TA. Clearly TA favours and works for the banks.
Bugger all to do with TA but everything to do with deep pockets and firepower.
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Old Apr 5, 2016, 2:44pm   #19
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Bugger all to do with TA but everything to do with deep pockets and firepower.
It has everything to do with TA. Without TA, nobody will put their money in. If no money goes in, the banks will make bugger all profit.

I don't know, are you still a mod ? We could be skipping on thin ice.
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Old Apr 5, 2016, 3:04pm   #20
 
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Welcome back Joe... no longer a beginner then ?
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Old Apr 5, 2016, 3:07pm   #21
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Originally Posted by EnlightenedJoe View Post
It has everything to do with TA. Without TA, nobody will put their money in. If no money goes in, the banks will make bugger all profit.

I don't know, are you still a mod ? We could be skipping on thin ice.
Do pension funds put money in cos of TA. No, it goes in because it has to have a home and be earning and growing.

Yes I'm still a mod, does this have some relevance?
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Old Apr 5, 2016, 3:24pm   #22
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Do pension funds put money in cos of TA. No, it goes in because it has to have a home and be earning and growing.

Yes I'm still a mod, does this have some relevance?
Does it really matter what they use ? In the end your pension is a gonner anyway. But that's a different market. For retail forex or cfd, TA is the bread and butter of the banks. I will even say it's the bread and butter of forum operators too. It will surely be a disaster for all if TA is found to be less than savoury. But you should have no fear, the retail joes will grasp at anything remotely reassembling a straw.

Being mod is good, offers a safety net should you mess with any fancy new TA idea and it goes belly up.
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Old Apr 5, 2016, 3:29pm   #23
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Welcome back Joe... no longer a beginner then ?
Oh, hello, yes, is that you ?

Well, I got tired of being a beginner.
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Old Apr 5, 2016, 3:32pm   #24
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This thread has lulz potential
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