Prove to me that Technical Analysis Works.

If the cases of Richard Dennis, Nicolas Darvas, Jesse Livermore is not proof enough for you, that technical analysis works, nobody is going to teach you to read a stockchart and understand it. These are actual traders who made huge sums in the stockmarket using technical analysis. Now, all you needed to do is study the way they approached the stockmarket and you would understand they used technical analysis in their trading. Take note too that during Jesse Livermore's time in the 1940s and Nicholas Darvas time, they did not have even printed stockcharts then to study. Still, they studied the price movements and made notes of it. Now, that we have stockcharts, Darvas approach has been studied multiple times by various traders using stockcharts. They know without a doubt that he used technical analysis. Top hedge fund traders nowadays like Paul Tudor Jones, Steven Cohen, Ray Daily, Ed Seykota all use technical analysis in their trading. That is why they are consistent and make billions of dollars trading, year in year out. So, who are you going to believe, someone who has shown huge success in the stockmarket using technical analysis or someone who has no clue about technical analysis and say it does not work?
 
wmwmw said:
Of course most popular TA tools can identify higher probability patterns.
But that doesn't make you a consistently profitable trader.
The assumption that higher probability leads to profitability is wrong.
It is payout that leads to profitability.

If your win rate is 80%,and your win : loss ratio is 4:1, but the $ every trade you win is 1/5 of every trade you lose, then you are still a loser. That is called a payout.
To make your total payout positive, you need to know where to enter and where to exit. There are 3 important points: entry, stop loss, stop winning.
It is easier to find a high probability pattern,but it is 100 times tougher to decide 3 important points. That is why 99% short term traders lose money.

However I have solved this issue and I have the holy grail.
I can show you my entries and exits in real time, but you need at least to pay something.
More...

Don't worry, no one will pay for your trades.

You said something interesting there along win rate, ratios, entries, stops and targets.
Are you saying that risk management is what makes trading to work?

Risk management is the key, obviously, the rest is just pseudo science to generate broker commissions.
Now please tell any TA advocate to not to use risk management and you will see how they end.
 
angrytrader said:
Don't worry, no one will pay for your trades.

You said something interesting there along win rate, ratios, entries, stops and targets.
Are you saying that risk management is what makes trading to work?

Risk management is the key, obviously, the rest is just pseudo science to generate broker commissions.
Now please tell any TA advocate to not to use risk management and you will see how they end.
More...

The only thing I can tell you is your understanding of my post is totally wrong.
 
I would stop here, TA works because statistics plus risk management work, when you are billionaire you change approach, the problem is what is modern TA?
I want to tell two things:
1) Today when a professional news terminal to a retail or small trader firm, before they read the news there is a `huge` possibility, their natural language processing algo based on words baskets already bought a position and are waiting the subscriber of the service to create liquidity to exit. Instead technical analysis SHOWS in real time what is going on at the eye of the expert "tape reader" (not the chartist)
2) Please do not say Wyckoff does not work, I am not an expert, but if we do not consider day trade actions, hedge funds algorithms are `normalizing` more than ever Wyckoff, in 2020, in 2021, in 2021 we saw accumulation and distribution. Holly Jolly an hedge fund cannot liquidate a position overnight, even not in dark pools, or with other institutional methods
Happy trade my friends, good market listening everyone
 
angrytrader said:
yeha, sorry I forgot that you want to get paid in order to release your "knowledge"
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Wrong again.
My post about payout is a valuable knowledge, but I didn't ask for a pay.
It is only for something worth much more than public knowledge that I ask for a pay, especially from someone like you, who are looking for a free holy grail.
 
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Ivano said:
… in 2021 we saw accumulation and distribution. Holly Jolly an hedge fund cannot liquidate a position overnight, even not in dark pools, or with other institutional methods
Happy trade my friends, good market listening everyone
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Here is a helpful chart. Questions to the noobs, what phase are we are in right now as of 5/28/22?
 

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Once again - time, price, pattern, trend and momentum right into Dow all time high ..... in 1929. TA before TA was a thing:-
1929.png
 
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angrytrader said:
. I just developed it so I can trigger trades automatically out of the signals it can generate. No TA there. I agree, no one said that.
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Umm ... helps to know what is and isn't in order to determine if it works nor not. That is TA.
 
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