What information does Technical analysis tell you ?

[notagain]

TA is info at a glance

 

[volpri]

People are always wishing to profit from trading but the timeframes are different with how to achieve this.
The thing is, past behaviour is no indication of future behaviour.
Because XYZ stock or instrument did something in the past means diddly squat.
Gotta look for new opportunities, while the majority look to the past, others are looking for something else to happen where the mob aren't looking.

I wouldn't say that past behavior is NO indication of future behavior. I eat eggs and bacon or sausage for breakfast most mornings. Therefore, I probably will the next day if I am where there are some

 

[schizo]

Let's differentiate TA that lags from TA that is predictive.

TA lags the price action normally however if you learn to project the indicators where they are fixed in values and don't move with every new tick, now your on to something.

You would be taking the best of math and converting it to price action application. Just as trend lines, support resistance numbers and numerous static number assistant trading tools.

Good points. It's unfortunate that so many traders take things at face value. They use almost all of these indicators straight out of the can, as if that was the only way to use them. Why couldn't you make your own indicator out of them. Don't just change the parameters, change the whole damn formula if you need to. Be creative.

 

[themickey]

I wouldn't say that past behavior is NO indication of future behavior. I eat eggs and bacon or sausage for breakfast most mornings. Therefore, I probably will the next day if I am where there are some

Yeah, futures indexes behave differently to stocks.
The indexes are comparitively well behaved and generally follow patterns, stocks on the other hand, especially those further down the capitilization ladder have more weird behaviour.
One day they eat bacon and eggs, next day they wear it.

 

[oraclewizard77]

Just looking at a random 5 min chart is useless. However, in context with say the ES which is bullish due to good economic conditions and getting the trade deal done, we can then see in both ES and CL bullish trends in a LOWER time frame say like the 5 min chart. So in this case a Support will be more likely to hold vs a random 5 chart where a Support will just have a 50% chance of holding.

What people don't understand about TA is that you don't need a 100% win rate. If say you eat eggs and bacon 5 out of 7 days, I can place a bet each day say $ 100 that you will eat eggs and bacon. So I would win $ 500 and lose $ 200, for an overall profit of $ 300 for the week. This would be a winning system.

Now let's say 3 out of 7 days you eat pancakes. And let's say when you eat pancakes you will give me $ 1000 if I bet $ 100. So I would lose $ 400, but make $ 3000 for a net profit of $ 2600. Still a winning system even though I lose most days of the week.

 

[themickey]

Just looking at a random 5 min chart is useless. However, in context with say the ES which is bullish due to good economic conditions and getting the trade deal done, we can then see in both ES and CL bullish trends in a LOWER time frame say like the 5 min chart. So in this case a Support will be more likely to hold vs a random 5 chart where a Support will just have a 50% chance of holding.

What people don't understand about TA is that you don't need a 100% win rate. If say you eat eggs and bacon 5 out of 7 days, I can place a bet each day say $ 100 that you will eat eggs and bacon. So I would win $ 500 and lose $ 200, for an overall profit of $ 300 for the week. This would be a winning system.

Now let's say 3 out of 7 days you eat pancakes. And let's say when you eat pancakes you will give me $ 1000 if I bet $ 100. So I would lose $ 400, but make $ 3000 for a net profit of $ 2600. Still a winning system even though I lose most days of the week.

That post doesn't deserve bacon and egg.

 

[Frederick Foresight]

I want to ask what information does Technical analysis give you as a trader ?

The meaning of life.

 

[notagain]

long term trend beats short term resistance

 

[_eug_]

The meaning of life.

You sure start questioning it when you are really wrong with your analysis

 

[murray t turtle]

Let's differentiate TA that lags from TA that is predictive.

TA lags the price action normally however if you learn to project the indicators where they are fixed in values and don't move with every new tick, now your on to something.

You would be taking the best of math and converting it to price action application. Just as trend lines, support resistance numbers and numerous static number assistant trading tools.

%%
Speaking of TA that lags;
I still find a 200 dma useful. BUT it lags a lot+ some hate it LOL,. Some asked is TA about turning lead to gold LOL?? NO, not @ all, but some gold/silver/lead mines make money+ some don't ; + not a stock/ETF tip + not a prediction