How can you even claim that technicals matter?

I don't think TA is what moves the market at all. Moving average cross over or over sold RSI doesnt mean anything at all and doesnt make people buy or sell unless you are rookie that just read his first trading book. Proper Price Action analysis allows you to make an educated guess about where possible liquidity levels exist based on what has happened in the past and then you can look at how price reacts in the now to make your decisions.
 
farmerjohn1324 said:
The people on this forum have such awful personalities that you don't even deserve a response from me, btw.
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We're all really great folks in person. You're confusing our internet personae for real life.

I think I agree with you: TA indeed cannot do what you say it cannot do. It is not predictive of anything, and certainly not events outside of the market that have nothing to do with human behavior.

But it sure can make you a lot of money nonetheless doing what it is perfectly capable of doing. I'm sure someone somewhere in these 170+ responses has brought this up, but if you were to replace "prediction" with "probability" and you were to limit TA's scope to market activity rather than market external events, then you'll move toward an understanding of the value and use of TA.
 
NQurious said:
We're all really great folks in person. You're confusing our internet personae for real life.

I think I agree with you: TA indeed cannot do what you say it cannot do. It is not predictive of anything, and certainly not events outside of the market that have nothing to do with human behavior.

But it sure can make you a lot of money nonetheless doing what it is perfectly capable of doing. I'm sure someone somewhere in these 170+ responses has brought this up, but if you were to replace "prediction" with "probability" and you were to limit TA's scope to market activity rather than market external events, then you'll move toward an understanding of the value and use of TA.
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This is the Nth iteration of this topic initiated by the OP. In the beginning he was given no lack of well intended comment but he is stuck on a faulty premise....a clear case of marketsurfitis.
 
speedo said:
This is the Nth iteration of this topic initiated by the OP. In the beginning he was given no lack of well intended comment but he is stuck on a faulty premise....a clear case of marketsurfitis.
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Meanwhile back to the lows ...
 
_eug_ said:
I don't think TA is what moves the market at all. Moving average cross over or over sold RSI doesnt mean anything at all and doesnt make people buy or sell unless you are rookie that just read his first trading book. Proper Price Action analysis allows you to make an educated guess about where possible liquidity levels exist based on what has happened in the past and then you can look at how price reacts in the now to make your decisions.
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So I should start learning "price action analysis" instead of trying to make use of TA?
 
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