This coronavirus volatility has got me thinking...

[padutrader]

I would really laugh at anyone who still believes in Technical Analysis after this.

would you?

would you pay for proof that technical analysis would make money?.

and how much if i provide you with that proof? i can declare my trades to you as i make them ....i may not actually make them but this exercise is to show that correct trades may be made by TA

 

[padutrader]

This is the 37,493rd thread on "TA sucks vs TA is great" on ET over the past 23 years.

of course it is not ....37394 actually
it just shows human beings want to show how smart they are as opposed to all the other people[ idiots ]

 

[schizo]

This is the 37,493rd thread on "TA sucks vs TA is great" on ET over the past 23 years.

And still counting.

BTW, for the record, let's get one thing straight. Those who follow TA never bring up any issues with FA (fundamental analysis). It's always those bastards from the FA camp who poke their smelly nose in TA, which they know nothing about.

 

[padutrader]

And still counting.

BTW, for the record, let's get one thing straight. Those who follow TA never bring up any issues with FA (fundamental analysis). It's always those bastards from the FA camp who poke their smelly nose in TA, which they know nothing about.

very intuitive point.
technicals may change in an instant.

but fundamentals usually take a lot longer to change.

also how many people have access to timely fundamental data? and how many people know how to interpret fundamental data?

price is available immediately in real time so it is just a matter of convenience.

and in any case once fundamental data changes so does technicals!!!!!

so it hardly matters which one you follow.

but to trade fundamentals you need really deep pockets so most of the poorer bunch have to rely upon TA

in this recent crash both changed almost at the same time

 

[HolyGrailSeeker]

So it sounds like you're describing combinations of technical indicators. Which is something I've tried to back test.

1. Moving average crossover
2. RSI
3. Bollinger Bands

It may take time to learn to trade with that profitably... But it takes no time to learn how to back test.

I stopped back testing because it seemed obvious that it was leading nowhere.

These are very good indicators. It doesn't mean the indicator doesn't work if your backtest isn't profitable. Indicators are just a tool. It just means your method doesn't work.

 

[schizo]

and in any case once fundamental data changes so does technicals!!!!!

This one is debatable. I've seen on so many occasions where chart led the way long before there was any news. Could it be insider trading? Possibly. Or it could just be a mere fluke, for all I care.

 

[padutrader]

I've seen on so many occasions where chart led the way long before there was any news

news is late.
once the fundamental data changes the technicals change.

it may be public information.......any number of business heads small and big know their market has got better.

though they may not buy shares that information may be communicated to those who do.....relations friends neighbors........just in conversation

 

[schizo]

news is late.
once the fundamental data changes the technicals change.

it may be public information.......any number of business heads small and big know their market has got better.

though they may not buy shares that information may be communicated to those who do.....relations friends neighbors........just in conversation

By news, I meant fundamentals.

 

[Sekiyo]

Markets have a structure.
Believe it or not.

If you leave an angry bull onto the streets,
With suckers running randomly around,
The infrastructure will still hold true.

 

[Sekiyo]

It’s a BS way of thinking.

->

Because I can’t see it then it does not exist.

OR

Because all swans are white then none are black.

->

Because my TA fail then all TA fail.
There is an induction problem.
Induction is speculative.