Technical analysis is not applicable to today's stock market because of the advance in algorithmic trading. Before, human used technical analysis. Now, traders are competing against computers that many signals other than technical analysis, making the latter essentially useless.
Is technical analysis less applicable to today's stock markets?
- Thread starter Lloyd W. Coutee
- Start date
You do realize many traders today have computerized their TA use with other things. 
Also, do you realize algorithmic trading are primarily competing against each other.
In addition, do you realize most traders were not profitable before algorithmic trading and most traders still are not profitable after algorithmic trading.
With that said, this is what I don't understand. If algorithmic trading is so great...how come retail traders that have gotten involved with algorithmic trading are still struggling ?
I would love to see a thread about the above question by those retail traders involved in algo trading.
It doesn't matter what type of trading you're doing...FA, TA, Algo or whatever...most are still losing while some are profitable. That's the way the markets work.
P.S. Your post history shows you're struggling with TA, FA and news...seems like from an investment point of view in stocks. Maybe its time for you to stop and then determine if investing (or trading) is suitable for you.
Also, do you realize algorithmic trading are primarily competing against each other.
In addition, do you realize most traders were not profitable before algorithmic trading and most traders still are not profitable after algorithmic trading.
With that said, this is what I don't understand. If algorithmic trading is so great...how come retail traders that have gotten involved with algorithmic trading are still struggling ?
I would love to see a thread about the above question by those retail traders involved in algo trading.
It doesn't matter what type of trading you're doing...FA, TA, Algo or whatever...most are still losing while some are profitable. That's the way the markets work.
P.S. Your post history shows you're struggling with TA, FA and news...seems like from an investment point of view in stocks. Maybe its time for you to stop and then determine if investing (or trading) is suitable for you.
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It works just fine for me. In fact, most of the work that taught me to read the markets was written in the 1930's and before....and I use it today with great accuracy.
I can relate to someone questioning whether or not T/A, as it is popularly taught, actually works because I was the same way until I encountered a few good characters who introduced me to the real deal.
I can relate to someone questioning whether or not T/A, as it is popularly taught, actually works because I was the same way until I encountered a few good characters who introduced me to the real deal.
mind sharing?
Not publicly.
Exactly, same here! Today they run around searching for the Holy Grail in their indicators etc.
when the old school stuff IS the H.G!!
everything works fine
===Before, human used technical analysis. Now, traders are competing against computers that many signals other than technical analysis, making the latter essentially useless====
there is an old Russian proverb:
a bad dancer is impeded even by his own balls
Two problems with your reasoning here.
A) Most automatic programs are HFT. If you trade well away from that frequency, there is no competition.
B) A program is no smarter than its programmer. If your algorithm (aka trading plan) is better than their algorithm, you'll win regardless of their speed.
Trade Smarter, Not Harder
Total HOGWASH!
You appear to be influenced by people who don't know "come here" from "sick 'em". Suggest you look for helpful guidance elsewhere.