Do large banks and institutions use TA to profit?

Buy1Sell2 said:
No trade right now. ------ We have neither situation so there is no trade to be taken right now.
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As you can see, the analysis today turned out to be spot on. Now enough about my analysis. Let's get back to the subject of the thread. ---Yes , large banks use TA , specifically the bollinger bands indicator to analyze entries and exits. They do couple that with extremely prudent risk management, which is the real edge in trading. This is fact
 
Buy1Sell2 said:
I think folks should ask questions about TA
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Not if they already know TA does not work. What's the use to answer questions from Marketsurfer or his friends? Only good to generate a lot of stupid postings.
 
volpunter said:
that is not what I said: Referencing historical data != technical analysis. One is the source of various types of analyses, the other is building indicators in the belief that some magic twisting of historical data has more predictive power than the historical data itself.
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This is the fallacy, it's your interpretation of TA, it certainly isn't just about implementation of indicators. So price action traders aren't using TA? LMAO
 
out of your 9000+ posts and self proclaimed tons of live calls you have made how many have actually panned out? Ever kept track of that? And in which thread are those calls?

Buy1Sell2 said:
Laughable. Most here know that I have been making real time calls since I signed on in 2006. There are others that do as well, most notably, Romik
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let us know where the "anal-ysis" is gonna be posted, because so far I could not find all too many live calls of yours.

Buy1Sell2 said:
Analysis today is that the 4 hour chart while being in uptrend is nearing overbought levels. 60 minute exhibits topping and reversal action. 5 minute chart has pulled back but not violated this mornings reaction lows around 1968. -- So overall, we would be looking to go long once the 60 minute resolves it's topping pattern AND the 5 minute exhibits oversold conditions. No trade right now. We can also sell the 5 minute if we get overbought conditions on the 5 due to the 60 minute topping and reversal pattern. We have neither situation so there is no trade to be taken right now. We must be cautious here with the 4 hour RSI where it is but there has been no definitive top yet on 4 hour . Keep in mind, no matter what is done, the real key is risk and money management. This is the last I will post analysis in this thread as it is not consistent with the thread title theme. I will post analysis elsewhere.
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