Let me demonstrate your analysis.... Book reading software proves that any tool that uses past data is BS. By the way, book reading data is analyzing trends in B/A and tendencies since the B and As are changing constantly and it is looking for repeated patterns...
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Technical Analysis does not work, never did, never will
- Thread starter NoVoodooHere
- Start date
Let me demonstrate your analysis.... Book reading software proves that any tool that uses past data is BS. By the way, book reading data is analyzing trends in B/A and tendencies since the B and As are changing constantly and it is looking for repeated patterns...
Let me demonstrate your analysis.... Book reading software proves that any tool that uses past data is BS. By the way, book reading data is analyzing trends in B/A and tendencies since the B and As are changing constantly and it is looking for repeated patterns...
Yes and no. it doesn't use past price. It tries to get ahead of price. This is the proper way to think about the market. Anticipate price rather than react to past prices. TA reacts to past price and this is its fundamental fatal flaw.
Sure--
" we are launching a new division with a product that will crush the iPhone"
There's no past there.
surf
Wow.... you consider that a company forecast?
Wow.... you consider that a company forecast?
Sure, for my purposes. I am not a fundamental analyst in the traditional sense of balance sheets etc.
Markets and stocks are anticipatory mechanisms, they dont live in the past.
I realize this may seem revolutionary, but it makes sense if you think about it.
surf
It uses past DATA... that is the key. TA uses past price data. FA uses past corporate earnings data. replace price with Data as that is the main point. Data comes in price form, earnings form, volume analysis etc... Book reading is reacting to buyer and seller orders being lined up to predict (anticipate is your way of avoiding the word predict) movement in the price of the underlying....Yes and no. it doesn't use past price. It tries to get ahead of price. This is the proper way to think about the market. Anticipate price rather than react to past prices. TA reacts to past price and this is its fundamental fatal flaw.
Sure--
" we are launching a new division with a product that will crush the iPhone"
"It looks like Iran is going to be invaded by china".
There's no past there.
surf
How do they know they will crush the iPhone?
Sure--
" we are launching a new division with a product that will crush the iPhone"
"It looks like Iran is going to be invaded by china".
There's no past there.
surf
How do you come to the conclusion that Iran is going to be invaded by China? Assuming it is true, what direct link do you have to make an investment decision?
It uses past DATA... that is the key. TA uses past price data. FA uses past corporate earnings data. replace price with Data as that is the main point. Data comes in price form, earnings form, volume analysis etc... Book reading is reacting to buyer and seller orders being lined up to predict (anticipate is your way of avoiding the word predict) movement in the price of the underlying....
true-- but this is about TA. I don't believe there is much value in the use of past price to predict or anticipate future moves.
I don't mind using the word predict. Prediction is the essence of trading.
If you or others don't "get" what I am saying, I can't spoonfeed you-----
surf
How do they know they will crush the iPhone?
they don't and it doesn't matter--- its the anticpation of the event that moves price, the event itself is often anticlimatic--
You'r asking the wrong questionsHow do they know they will crush the iPhone?
The answer is BID 100 LOT 1005