Technical Analysis is total rubbish! Here's the proof!

.... Or actually start reading and understanding how the world spins, what it means when Trump puts up tariffs or when Russian aluminum gets sanctioned. Because real traders with real pnl make millions/billions off the back of such analysis each and every single day, while others made it their profession to dance tango in front of the proverbial steam roller. :D

I can fully understand your point of view, but when I scalp and average durations are less than 3 minutes, it wouldn't matter if Pres Reagan rose from the grave. We all have points of view, where I am more written rule based ground in childhood, don't put together red and black wire or we back in ER again, and there are many who use some form of rules based on world events and economies. People have "ideas" of who they are and base their abilities to what makes sense to them. There is no right or wrong, just your accounts.

But you basing it on what you have read by others or schools you attended and they shoved their ideas onto you, how about experience of when something happens, the people involved-what happens to their lives-their quality of life, do you think steel workers want to get hand outs from the government or go to work each day but they can't cause some country is paying rice bowls for workers and there is lack of true competition and equality? How about the our people !!! How about traveling to 100 countries plus and experience the real world instead of reading about it at your desk.:D
 
I did travel to most countries. Did you?

I can fully understand your point of view, but when I scalp and average durations are less than 3 minutes, it wouldn't matter if Pres Reagan rose from the grave. We all have points of view, where I am more written rule based ground in childhood, don't put together red and black wire or we back in ER again, and there are many who use some form of rules based on world events and economies. People have "ideas" of who they are and base their abilities to what makes sense to them. There is no right or wrong, just your accounts.

But you basing it on what you have read by others or schools you attended and they shoved their ideas onto you, how about experience of when something happens, the people involved-what happens to their lives-their quality of life, do you think steel workers want to get hand outs from the government or go to work each day but they can't cause some country is paying rice bowls for workers and there is lack of true competition and equality? How about the our people !!! How about traveling to 100 countries plus and experience the real world instead of reading about it at your desk.:D
 
There are two things that must be mastered to trade for a living:
1- Taking the time and effort to learn how to trade.
2- Developing the strict discipline, focus, courage and patience to do so.
Failures are not due to TA but violations of the above.
 
Agree, of course it was said in humor. But from the many years in various markets it appears to me that true alpha generator make up a tiny minority. And most of them were diligent students of economics and close watchers of dynamics in fundamentals.

Not literally shoot themselves, but they may feel like doing it I suppose.
 
.. And so is your English. How can you get TA right if you can't even spell or write in basic, coherent ways.

The fact that, according to you, good knowledge of English is needed to get TA right, shows what an idiot your are.
How many languages do you speak? If you are an American it will be 1 probably. I speak 4 languages, with or without small mistakes.
 
Sure, but I guess you gotta give OP a little more credit here. I would, for example, argue that anyone who trades purely based on price action alone in today's environment is by definition behind the curve. Price reflects trades, trades reflect views and views reflect forward looking analysis. Someone who trades based on price will be the last one in the queue Someone else, who knows how to interpret shifts in fundamentals and economics will be ahead of the curve and basically place his chips before the rest of the price group or large players enter. Obviously that means statistically speaking the latter person will have a much larger edge purely trade entry wise speaking.

Those who trade on price action often times wait for confirmation from purely fictitious indicators that really have almost zero validity. But the emphasis here is on confirmation. That means delay and half the times means trading when a "trend" is already in play for some time and the longer one waits the lower the edge becomes.

Considering the heavy calendar for both Fundamental and Economic releases this week, what is your analysis? How have you positioned for these upcoming events?
 
You won't succeed baiting me. Let it suffice to say that attention to detail or the lack thereof in both, trading and the usage of language highly correlates and that it does impact trading performance.

The fact that, according to you, good knowledge of English is needed to get TA right, shows what an idiot your are.
How many languages do you speak? If you are an American it will be 1 probably. I speak 4 languages, with or without small mistakes.
 
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