I came across this paper and thought of you guys.
https://dl.acm.org/doi/abs/10.1145/3027487
It has been a while since I've read anything of value on this sub-forum. The description itself is pretty accurate: "a place for TA junkies".
But there is a difference between people that are delusional, thinking that their lagging indicators can predict a price, and utter psychopaths that are only trying to troll you off.
There are members that share some charts and ask questions, those are the ones that are just indoctrinated by their predecessors in technical analysis. They just use again and again a very simple concept:
https://en.wikipedia.org/wiki/Confirmation_bias
They confirm themselves with one single instance of an occurrence. They see one chart on one time frame and they run their asses off to post it here. Look! Of course it works! Here is the proof! And they point you to a chart.
They post one chart and since this is place for junkies, the pig pond gets agitated and you get a thread with dozens of posts.
On the other side there are members that found an edge, those are the ones you have to spot on. They obviously are not going to tell you that edge. What they do is to say: "I am going to tell how to trade". And they proceed to throw at you complete nonsense, thinking that if you are busy with some pseudo-science you will never be able to achieve anything.
You can extrapolate this description to book authors, yes they are out there. Some of the books that you read on technical analysis are specially designed to keep you busy with nonsense, so you can never disrupt what they do.
Read the paper I posted if you want to educate yourself, you'll find out that even the authors on respected platforms that are trying to show you something on technical analysis are way off from the results they are claiming to have achieved.
Now, expect some of the poor souls that are triggered with this post to attack me in all sort of ways.
https://dl.acm.org/doi/abs/10.1145/3027487
It has been a while since I've read anything of value on this sub-forum. The description itself is pretty accurate: "a place for TA junkies".
But there is a difference between people that are delusional, thinking that their lagging indicators can predict a price, and utter psychopaths that are only trying to troll you off.
There are members that share some charts and ask questions, those are the ones that are just indoctrinated by their predecessors in technical analysis. They just use again and again a very simple concept:
https://en.wikipedia.org/wiki/Confirmation_bias
They confirm themselves with one single instance of an occurrence. They see one chart on one time frame and they run their asses off to post it here. Look! Of course it works! Here is the proof! And they point you to a chart.
They post one chart and since this is place for junkies, the pig pond gets agitated and you get a thread with dozens of posts.
On the other side there are members that found an edge, those are the ones you have to spot on. They obviously are not going to tell you that edge. What they do is to say: "I am going to tell how to trade". And they proceed to throw at you complete nonsense, thinking that if you are busy with some pseudo-science you will never be able to achieve anything.
You can extrapolate this description to book authors, yes they are out there. Some of the books that you read on technical analysis are specially designed to keep you busy with nonsense, so you can never disrupt what they do.
Read the paper I posted if you want to educate yourself, you'll find out that even the authors on respected platforms that are trying to show you something on technical analysis are way off from the results they are claiming to have achieved.
Now, expect some of the poor souls that are triggered with this post to attack me in all sort of ways.
