Of course it appears as Alchemy ! That's one of the VERY PRECISE REASON that conducts me to create my own model SINCE I DIDN'T SEE WHY TA WOULD WORK (there are two other reasons but nothing to do with the subject so I will skip them) . Then my model gave results that were very near and happily more precise than TA so I am now obliged to accept TA.
Now TA is vast. Even Astrology seems now to be included in TA so when I say TA I am not saying that I accept all TAs. I accept TA like I would say I accept HUMANITY not that I accept all humans like the nazis.
There are part of TA that can be rational even to common sense which is that stock market copes with forces of demand and supply so there must be some economical behaviors that must derived from that. Now that these laws are trends and fibonacci ratios are absolutly NOT AN EVIDENCE so that some use a trick: they say it is because of psychology, people like harmony of golden ratio, of natural law etc... hahaha this is kind of alchemy to say that without any proof. When a billionaire buys an art yes it could because of golden ratio, but don't tell me that he buys a stock because of harmony of prices but because he expects a profit
. So there must be some other reasons behind weird rules of TA. I have found the beginning of the reasons, I have not all the explanations yet because of time but as for price it is a special law of demands and supply, the very reason why researchers havn't found them - except perhaps Gann who claimed to have found it - is that the form is SOPHISTICATED and that this law doesn't optimise the wealth of the public as expected in conventional economy.
But there could be another reason for hiding the true equations. The big consequence of these equations is to be able to prove that stock market is a machine for pumping public money that's why perhaps the bankers don't want the accademic researchers to reveal them if any of them have discovered it (I'm not academoc so my claim has not the same importance).
That's why I warn you one day people will awake and hear: the whole world is in bankruptcy !
Because nothing can create from the thin air it is just displacement, when all displacement of money would have been done they will tell you and it will be too late. Historically this seems to happen every 50 to 200 years, the duration of 1 generation or more so that the new one will just have time to forget for how many in the public mass really study history in details apart from superficial one huh ?
Quote from a_ooiioo_a hii:
Chart reading and candlesticks seems to me could be useful to a point in that it will show some simple indicators like volume of interest in the item you're watching. But beyond a certain point there are things it just can't definitively tell you about the market's direction, which seems evident from the fact that people on here who do this full time and call it their work are still filled with constant ongoing uncertainties about market's direction.
