saying technical does not work is like saying in the USA public transport does not work because I got into tram in San Francisco and it did not take me to London.
there is certain scope to technical and traders do not want to acknowledge that technical will not make a million usd in two weeks.
yes of course
if I wanted to be rich I would not trade or play golf.
not doing both would have saved me over 500000 usd or maybe more.
I want to have fun what is point of being rich since you are dead soon enough
and labelled after the fact
that carona virus was a black swan until it became white.
"how much have they cost us, the evils that never happened" US PREZ Jefferson.
to traders a hell of a lot
we are discussing TA broadly.
there is no point in posting specific cases ……..and to post trading calls here is a not necessary we know how smart traders are
this constitutes the majority of traders.
if not all
because getting fundamentals is an expensive activity and if, a trader could spend that much money on it, why, on earth, will he be a trader.
why is it nonsense.you must have some reasons to say it is nonsense
short term traders only trade with technical.
there are professional scalpers what else can a scalper use apart from technicals
fundamentals take time to change and sometimes never change
without the past the future does not exist.
what turns in an instant will turn again in an instant
nothing on this earth moving fast can turn on a dime.
change is a process.
just because you do not notice the process does not mean price turns on a dime
I and you were talking about TA.
i find it amusing if you say TA is nonsense because price is TA and you are saying price is nonsense.
in any case TA gives me money and if tea leaves reading gives me money i will continue to do it.
well you do not need TA or charts to tell you that what goes up does not come down.
do not forget that trading went on before TA or charts were in existence