I fail to see where OP mentions any specific form of TA. Jeez!
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Do large banks and institutions use TA to profit?
- Thread starter londonkid
- Start date
I fail to see where OP mentions any specific form of TA. Jeez!
Why prices bounce off lows? Because at that point buyers believed prices were a bargain and started buying. But you cannot predict at what price level powerful bargain hunters will next jump in based on past prices. That has been my point all along.
What?! I have never said that. Post a link to my post. You mean reaction points on the chart? Ok, well maybe you wanna chip in why price often does bounce off previous reaction highs/lows? You have failed to explain all those random events!
also wrong, trend following has to do with believing current moment holds and again whether current momentum continues has NOTHING whatsoever to do with past prices. The one clueless here is you my friend.
You are such an idiot! The guy commits to being a trend follower, trend is dependent on historical data you moron!
Why prices bounce off lows? Because at that point buyers believed prices were a bargain and started buying. But you cannot predict at what price level powerful bargain hunters will next jump in based on past prices. That has been my point all along.
That's where money management is key, haven't I mentioned that enough times already. Are you saying your win rate is near 100%? My average is around 50%.
so where is TA key then?
That's where money management is key, haven't I mentioned that enough times already. Are you saying your win rate is near 100%? My average is around 50%.
Money management is key to all trading activities. Yours too.
Which key are you on about now? OP asked whether pros implement historical price analyses to help forecast future oscillations and you keep saying nobody in pro world does, because you worked in the industry for 13 years and basically know it all. Ok...
Which key are you on about now? OP asked whether pros implement historical price analyses to help forecast future oscillations and you keep saying nobody in pro world does, because you worked in the industry for 13 years and basically know it all. Ok...
...of course it is up to debate what you define as "pro world"...;-)
Money management is key to all trading activities. Yours too.
Which key are you on about now? OP asked whether pros implement historical price analyses to help forecast future oscillations and you keep saying nobody in pro world does, because you worked in the industry for 13 years and basically know it all. Ok...
so that some your "pro" friends can send some esoteric charts to their unassuming client fodder. Simple as that. It seems you truly do not have a clue abut this industry. "Keep the client happy" mantra, bro. Same reason why some ibanks keep their "chief technical analysts around".
Why does Bloomberg terminal and all other pro platforms offer access to conventional TA tools if they aren't used by professionals?