If you want to fail as a trader, study TA

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Afraid to sound clueless
because of my newness, oh my, I'm so far behind.

BS I've been fed
It got in my head, from Youtube and such, you know?

So, thanks for this teaching, the poems and the preaching. How kind!

I hope soon to be bleaching, the green algea scum from my mind. :D
 
Quote from Fibbin-Archie:

Here's a thought...

Everyone has access to the same price data, OHLC...

So why is it that some are consistently correct in their analysis whilst others are consistently wrong?

Can we assume then, that there must be some variables present in the way that this generic data is perceived and processed not on a chart but by the mind of the individual, which is a function of internal beliefs and experience...

Not sure where I expect this to go, but it's maybe a different angle...
More...

Fibbin you weren't "fibbin" with this one. This is where to be looking. You nailed it.
 
Quote from deaddog:

Right!!!

It should read, “TA doesn’t work for me because”:

I have no money management plan.
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It's the most important thing no matter your approach. Charting, TA or otherwise.
 
Quote from Tonkadad:

Fibbin you weren't "fibbin" with this one. This is where to be looking. You nailed it.
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well a year on from that post, i can safely say that the difference is in experience, still using longer tf horizontal s&r, but mainly order flow and price action, which actually is what the expert was all about, so respect to the expert...:D
 
Trading is so unlike almost any other pursuit , you start trading in the major league straight up , no working your way through the grades or starting in the little league , Your playing with Pros from the getgo , get your shit together real fast , if you havent got natural ability or extremely DEEP pockets go find some other pursuit as your going to be minced .




TA is easy , the mechanics of trading isnt hard ...... execution and managing risk are the areas you need to work on . The little voices in your head f@cking with your flow . humans arent wired right for this gig , reformatting that harddrive isnt easy . your programmed to fail at this , you just dont know it


keeping it real >>>>>>>>>>>>> JOG ON
 
Quote from The Expert:



If you want to fail as a trader, study T/A
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Once again... this is one of the most ignorant statements I have ever heard. It is repeatedly asserted... ad nauseum..... that TA does not work. Good! Then don't use it!

What benefit does it have for you to post your opinion in a public forum?? I'd really like to know.

15 years ago I read the same crap. Yet markets act in repettive ways that fit within the concepts of classic T/A. There is NO doubt about it.

Most likely, the truth is, some persons don't have the skill to use T/A appropriately.

Moreover what the H does one mean when one says "T/A" does not work. What "T/A" does not work.

Not all of so-called T/A is worth using. Most agree with that.

Give examples or (no offense) shut the F up. lol
 
I use TA about 95% and other factors 5% for my trading style and I find it very useful. No I am not failing at trading either.

It is not for everyone. Those that do not know how to use it will say its useless. Those of us that DO know how to use it would strongly disagree with you.
 
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