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    After using this trading simulator I'm convinced technical analysis simply doesn't work

    If a blind man can not see does that mean eyeballs are useless?
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    10% success rate is better than 60% success rate?

    Oh brother,.... Doesn't anybody know how to verbalize what expectancy is on a trading system? EITHER system could be better than the other. You could even have a system that FLIPS A COIN (50% win rate) and makes money. The key to making money and being "better" is in cutting losses short and...
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    How would you analyze this chart?

    Actually I have been LEARNING TA for the last 7.5 years and trading using them for just over 4 years or so. Losing money or break even the first 2.5 to 3 years and now beating the market pretty solidly over the last 1-1.5 years and I have a full time job.
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    Jokes aside, what mistakes did this trader make?

    Lol... Too funny. Errors include the following: 1) gambling 2) "let's see what happens". Clearly no defined rules and no understanding of support and resistance. That trade was clearly on a downtrend and was moving sideways to reach just above a MA. 3) He took the trade at 1000 shares trying...
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    How would you analyze this chart?

    I know I am new to this site but I have been watching/reading this site and trading using TA for about 4 years now. I am no expert but will tell you that I have found the best TA to be most helpful when taken in context with other time frames and when multiple time frames tell you the same thing...
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