Is Technical Analysis a joke??

Following price action starts with understanding why the bars move the way they do - plain and simple - orders
 

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themickey said:
A bit simplistic, basically inaccurate imo.
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It is simple but it's actually fairly accurate. That is, the acknowledgement of what moves (and stops) markets - volume and liquidity (i.e. intent and future intent).
 
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themickey said:
Unsubscribing from this noob thread.
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new ideas are scary but my views are always the same - bars move for a reason - and we can see when the sellers have over taken or the buyers have over taken - the thread is not noob or any other derogative term it is valid and worth exploring
 
virtusa said:
Is Technical Analysis a joke??

No, the way some people use it is a joke.
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That would suggest that new traders are wrong developing a technical point - they should delve into technical trading and develop what they feel comfortable with - I am a supply and demand trader, that obviously does not work with Micky lol...but everyone will find what works for them
 
Technical Analysis covers such a wide variety of things that there is no simple answer that is correct for all these variations. And on top of that a lot of external factors have an impact too. Like personality, education, knowledge, intelligence, persistence... of the trader.
 
themickey said:
Unsubscribing from this noob thread.
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not a noob thread understanding why and how price moves - up .45 from last post - good trading Micky
 

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virtusa said:
Technical Analysis covers such a wide variety of things that there is no simple answer that is correct for all these variations. And on top of that a lot of external factors have an impact too. Like personality, education, knowledge, intelligence, persistence... of the trader.
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Hi virtusa I would not over think then what you can see in a bar, as I have stated. If a currency or any other financial instrument is going to the moon or to hell we will see it confirmed in the bars and if they fail - simple we reverse with the institutes
 
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