Technical Analysis - Overload and/or Clarity

[murray t turtle]

it does not set the prices, it indicates directions and borders of the trends in this frame

one can and should trade against the trend in the bigger frame

but the speech is not about it

its about the fact that longest tradeable time frames should not be traded at all -
not weeks, not often even days for those who just learning

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I see your points , i was NOT making a prediction- you probably figured that XR1011.
You said ''it [main trend] indicates [set$] borders'' Exactly . And about 95%-97%of the time the market will enforce borders[prices] That why the trend is a good friend.Even a 95% probability can be WRONG 5 months in a row.......................................................................

 

[murray t turtle]

I believe the best advice from experienced traders to be to start from the longest timeframes and get that right first. Not necessarily becoming amazingly profitable from it, but as a base for further narrowing down background context. It's faulty thinking to use an indicator period of X and hope and pray it has remarkable meaningful predictive qualities (probability and reward-wise).

Shared knowledge such as TA may help to see the markets in new ways in order to make up the rules and improve. Without it, I believe most of us would be stuck in even more incredible ways than now!

Second best advice is maybe starting to think in probabilities, instead of hoping price and volume will perfectly repeat itself.

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Good profitable points Trender Si.
I think it was in Jack Schwager or William O Neil [IBD founder] books. Investor said throw the long term chart on the floor [LOL]+ get up on the table + look @ it[long term chart]- good long term trend direction profit help.

NOT a prediction but most big banks[BAC,DB, C.....] are going-trending down , on 10 year chart; SPY is going-trending up on 10 year candle charts.

 

[Smart Money]

I once had someone tell me that my swing trading stock tips for the long term would make great day trades. Basically, when I was identifying set-ups in the long term, they tended to be good day trades because on my entry day I was buying into a newly emerging trend. Maybe there is a method hidden in that advice somewhere. Might have something to do with this: If the long term trend is giving a buy signal, then the long term investors will see it and buy in. And the short term traders can take a ride on that demand.

 

[Redneck]

Been studying a lot of TA a long time - too much, too long. I think one of the things learned from good TA traders is that this whole thing of searching, searching, searching will fuck you up because you must - at some point - settle down and settle on something. Something you can actually trade. Then trade it enough to find if it has a viable statistical edge. In fact, if you watch enough YouTube videos, a lot of TA gurus say this, the good and bad ones, even some of the idiots (and all of the fakes- utilizing their techniques, natch). And, of course, this is a certain, utter, indisputable truth.

Except I'd like to dispute it, somewhat. In a way. Absolutely, find a technique, determine some setups, establish Risk/Reward and Money Management parameters, create or buy a spreadsheet, journal it and trade it. But, while you're doing that, continue to study various TA philosophies and methodologies. Approach your study not with the intention of finding the latest and greatest, or even the oldest and greatest, rather with the POV of gaining a deeper understanding, a well-rounded sense of TA from a broad perspective. If one does that, I think the many, many ways that various styles of TA fit together can reveal and clarify a whole that is greater than the sum of its parts.

All roads in fact.., do lead to Rome

Good insight BOC

RN