TA is useful on any chart ........just mix it in with other things you like .......and experiment experiment experiment .........
The problem in technical analysis is that you can be PhD in math and know how to build sophisticated mathematic models but if you start from WRONG preconditions (what actually requires very good logic and understanding of economic principles) then all your calculations and analysis are waste of time.TA is really good way to find right trade for trading. But depending it for trading is not advisable, you can always use another things with it to get accurate result.
Yeah, technical analysis, would be a nice way to analyze the market. And than you could just earn from it.TA is really good way to find right trade for trading. But depending it for trading is not advisable, you can always use another things with it to get accurate result.
All good because this is the truth.I sense many will argue against your opinion as they are heavily invested in TA.
I concur and also trade using fundamentals although I did manage to make money using TA just not as much as I make now. Fundamental traders are rare in this forum and in fact I am fairly confident in stating you and I are probably the only ones that trade this way without any TA. I am in favour of a dedicated thread (locked down of course to keep the trolls out)All good because this is the truth.
A lot of retail traders have frequent small wins using TA and then they get one or two big losses which will take away all their hard earned profits eventually.
TA is based on past info and does not incorporate upcoming info. So It may appear work only when there is no news.
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.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.
This is so true so I could not agree more.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