Is this TA?

marketsurfer said:
Ta is descriptive, ta is not predictive.
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very true... and the same applies to FA as well...

the problem is not with analyses , the problem is the unpredictability (in scientific terms) of the subject of analyses - the human nature

so both: TA and FA are designed, and should be used, only to describe to the user what is going on now

and it is up to the user's method to interpret that description and to dictate what action to take now

all attempts to use analysis in order to predict the market imho are destined to fail
 
qxr1011 said:
very true... and the same applies to FA as well...

the problem is not with analyses , the problem is the unpredictability (in scientific terms) of the subject of analyses - the human nature

so both: TA and FA are designed, and should be used, only to describe to the user what is going on now

and it is up to the user's method to interpret that description and to dictate what action to take now

all attempts to use analysis in order to predict the market imho are destined to fail
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Yeah, but one issue with your post-- it is not the now with TA , it is the past.

Whereas -- FA can be the future since it can use forecasts and projections from the company.

Im not defending FA, just making a point.

surf
 
marketsurfer said:
Yeah, but one issue with your post-- it is not the now with TA , it is the past.

Whereas -- FA can be the future since it can use forecasts and projections from the company.

Im not defending FA, just making a point.

surf
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FA and TA both show what is now

it is forecasting (and projections) that based on past interpretations of similar now...

this is not a scientific approach... so the value of these forecasting imho very low

instead of forecasting and projection, trader/investor should periodically reevaluate the now...

and the period of the those reevaluation should depend of user's time horizons...

if he uses 5-min chart - he should reevaluate the now each 5 min

if his FA analysis use only company's quarterly results then he should reevaluate now each quarter
 
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TA is both descriptive and predictive. The confusion begins with many not accepting that predictions come with uncertainty.

I suggest a few basic courses in statistics/probability before jumping into conclusions.

In addition, thinking outside the box, will help tremendously, and this is usually why most get stuck, they lack such ability, one that is imperative in making TA work as a predictive tool.
 
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NoDoji said:
Here's something to consider: Traders don't necessarily push price. The side that's in control is the side that pulls its bids lower or moves its offers higher thereby causing those who want in to chase their bids/offers. So if price is falling, the buyers are in control and the sellers have to chase those bids. If there are enough buyers to absorb the offers, price will find "fair value" at that moment in time and often begin to move the other direction as profits get booked and sellers begin to move their offers higher because there's now some demand coming in and they want to sell at a "better" price.

This is why price can move significantly on low volume and move very little on high volume.
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Yes I concur with what you have written and I wish I new the above when I first started gambling, sorry trading. An experienced cynic might believe that price is deliberately driven to to certain points to build inventory. The beauty of FX and Futures are with FX you have an opaque market and futures you can create contracts out of thin air.
 
The reason why TA does not work because 99.9% of small traders used it. The result of small traders using TA


2ih5yd0.jpg






Reload.


It is not small traders fault for using TA. Blame the media for promoting TA such as "death cross."
 
It's the entire market that promotes TA--- think about it-- FX dealers who WIN when you LOSE have extensive free TA education for their clients-- if it was effective, why would folks that win when you lose make such effort to teach you how to to do it?

all other Brokers love TA since it often results in over-trading which ramps up the commissions.

Heck, even the institutions use TA in marketing.

YOU need to think outside the box to make it in this game, and TA is playing right into THEIR hands.



surf

PS-- be very cautious of the Price Action and TA promoters on this site--- one by one they are being exposed as STEALTH VENDORS or worse-- they work or have interest in brokers and others that don't have your best interest in mind. surf-always looking out for YOU--
 
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A chart in whatever time frame merely depicts what has happened in that time frame in the past.Every analysis that is not solely FA has to be by definition TA
 
NoDoji said:
TA works; 99.9% of small traders who "use" it, have no idea what they're doing.
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Exactly!

emg's favorite saying is: [More than 90% of small traders lose! They just lose!].
To which I say: [More than 90% of traders don't study! They just don't study!].
 
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