The evolution of Technical Analysis
- Thread starter Jamie J.
- Start date
LOL, I started with charting long ago, then got home PC in mid 80s and went indicator overload, as years pass, less is more, except for long term of using MACD/RSI and Bollinger Bands, day trading is just moving ave to quickly see where price is relative to the mean and Bollinger Bands to see how far from the mean price is. But most of my signals are chart based but indicators give me quick answer of distance. I use volume much more cause in beginning I was dummy.
I stopped "making" market solutions long ago when I figured I be part of the 95%, all of everything from signals to what to do while in the trade has been back tested to high heaven, I am just an extension of a computer and one day all systems will be automated.
I do not know about the current trends in TA (and frankly I do not care).
I use only trend-lines with candlesticks bars.
Whole classical and candlestick patterns imho useless. Indicators imho useless as well. What's left?
"Everything should be made as simpe as possible , but not simpler. " (A. Einstein)
I use only trend-lines with candlesticks bars.
Whole classical and candlestick patterns imho useless. Indicators imho useless as well. What's left?
"Everything should be made as simpe as possible , but not simpler. " (A. Einstein)
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I doubt he ever said that, and if he did he was wrong.
One have to repeat the same thing many times. But in reality it is never the same thing, something is different: the situation, the setup, you are different today ...
eventually after repeating the same thing many time something will be seen at the different angle ...
that is how the new ideas come
then one changes something and repeats it again same thing over and over again.. until the new ideas will come generated by the fact that nothing is actually repeated exactly: something is always different
"Genius. It's a word. What does it really mean? If I win I'm a genius. If I don't, I'm not."
Bobby Fischer
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200 day moving average can help[ IBD was right];
JJ, but that is NOT a prediction. Wisdom is profitable to direct.===============================================================================================================================================================================================
You didn't mention any specific time period from what to what.
Trends don't get out of date.
Ranges don't get out of date although you didn't ask about ranges. Below are my list of changes involving trading...things important to me.
1) The biggest change in the markets in the last 10 years involves algorithms and their impact (good and bad) on the markets...professional level and retail level.
2) Better technology for retail traders if they can afford it.
3) There are less retail traders.
4) Better social media resources that are free to help with news events (e.g. twitter).
5) Profitable retail traders have more commonality in their business like approach to trading.
6) The markets are more efficient in weeding out traders that trade poorly.
7) Profitable retail traders today are much better at adapting to change market conditions than traders 10 years ago.