Technical analysis :useless junk science

[heypa]

Isn't it amazing the things our collective brains can do. Newton was right when he remarked about standing on the shoulders of giants when asked about his accomplishments. As an aside isn't it amazing that a brain first designed for primitive survival has collectively been able to do so much toward understanding our world and beyond?A question if permitted. Has mankinds implementation of its discovered principles helped our world or for that matter mankind in total?
As for technical analysis perhaps we are in the beginning just beyond the first visual observation. Who knows? Perhaps there is nothing beyond a guess as to what the future holds that is better than what first brought us all to this search. Or perhaps there is something better.Every one is entitled to his opinion however wrong it may be.
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[bone]

Isn't it amazing the things our collective brains can do. Newton was right when he remarked about standing on the shoulders of giants when asked about his accomplishments. As an aside isn't it amazing that a brain first designed for primitive survival has collectively been able to do so much toward understanding our world and beyond?A question if permitted. Has mankinds implementation of its discovered principles helped our world or for that matter mankind in total?
As for technical analysis perhaps we are in the beginning just beyond the first visual observation. Who knows? Perhaps there is nothing beyond a guess as to what the future holds that is better than what first brought us all to this search. Or perhaps there is something better.Every one is entitled to his opinion however wrong it may be.
.

1. Consistency through various market cycles is all that really matters. If that comes through a special twist you put on the MACD study or by simply staring with laser-sharp focus at a vertical price ladder all day long watching order flow - it matters not. $$$ matter.

2. I've taken on well over 100 ET members as clients over the past five or six years now - and my personal observation is that many traders; even very experienced ones, are applying technical studies far differently than they were originally designed and intended for ( Just ask John Bollinger ), and there also appears to be many traders just plain using T/A incorrectly. Traders also use far too similar technical studies and sampling periods to confirm each other. ( Oscillators being a prime example )

3. Most traders who come to me have not been using the concept of multiple timeframes to their advantage.

 

[heypa]

Bone
I agree. I also agree with some other smart people who said simple is usually better
applied with the caveat of not too simple. Use what simply works and do not overly complicate it.

 

[bone]

Bone
I agree. I also agree with some other smart people who said simple is usually better
applied with the caveat of not too simple. Use what simply works and do not overly complicate it.

I am a very firm believer in Occam's Razor.

 

[i am nobody]

I am a very firm believer in Occam's Razor.

I am a firm believer in myself. It was necessary, to become a good trader.