What is Technical Analysis? Why does it work?

Simples said:
That bad day today, huh? Am feeling grumpy today at least.

Some of us are new to this forum and some are new to trading. It's to be expected, and it was so in times past as well. Maybe you have learnt something over the years you'd like to share, or maybe you've read enough forum posts? Anyways, the world doesn't revolve around you. Whatever past you remember, is your subjective memory only.

And, as long as I see people being wrong on the internuts, I'll keep postin', until I don't care anymore. :p
Hint: Censorship and moderator manipulations usually works wonders to both lower user activity and to agitate the extremes.
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Maybe this new poster is again an alias from MS or a poster paid to reanimated ET. Wouldn't be the first time.
First thing new posters should do is read WHAT IS ALREADY AVAILABLE on ET.
The world is not turning around them either. The fact they don't do that is already the first prove that they will have problems to become a good trader. Their weakness is laziness. They should do some work and not ask a question and let everybody else do the work.
What is the use of keeping all these postings on ET if they are not read? Better delete them then after X months.
 
i am nobody said:
Maybe this new poster is again an alias from MS or a poster paid to reanimated ET. Wouldn't be the first time.
First thing new posters should do is read WHAT IS ALREADY AVAILABLE on ET.
The world is not turning around them either. The fact they don't do that is already the first prove that they will have problems to become a good trader. Their weakness is laziness. They should do some work and not ask a question and let everybody else do the work.
What is the use of keeping all these postings on ET if they are not read? Better delete them then after X months.
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Seems to be a pattern that many of the best threads in the hall of fame threads on ET was started with naive questions such as this thread. Just sayin'. As for reading ALL material on ET, who has the time? However, you are free to search out interesting threads and posts rather than just browse the recent listings. Dead forums are even more boring than artificial discussions, and I think it's good for new users like me to have the best threads available at least.

In fact, to improve as a trader, I think you need to raise naive questions, again and again, to erase all the assumptions and so-called facts one think one knows about the market. So threads such as these help me gain a little more clarity, hopefully.

Haven't been around here long enough to understand the surf-paranoia, but I do know trolls are trolls. Just stop feeding 'em.
 
iamnewuser911 said:
I am a user of it. And purely use it to trade. Just want to understand.
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You should not be trading with TA if you're asking these types of questions and you don't understand it.

Also, if you're using TA and nothing else via your statement "purely use it"...you will fail. There's other important things in your trading plan besides TA. For example, risk management, discipline, proper trading instrument, proper trading environment, collaboration and so on. In fact, on any given trading day, one of those variables I just listed will be the deciding factor if you're profitable or not profitable.

Simply, stop trading with TA if you don't understand it because the markets will be here tomorrow, next week, next month and next year. Instead, just learn more about yourself as a trader and learn more about one of your trading tools called TA.

Later, after you have a stronger understanding of your trading tools, you can then return back to trading. In addition, learn to use the search function here at ET because the questions you've asked has already been explained hundreds of times at this forum and thousands of time when you look at other active forums in combo.
 
Simples said:
Haven't been around here long enough to understand the surf-paranoia, but I do know trolls are trolls. Just stop feeding 'em.
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Many threads were started by trolls. Posting in those threads was feeding them. That was the initail reason why I posted here. This might be a new troll thread. Started by a poster who does not post much. Agian about TA, not by accident, as TA started many hefty and agressive discussions on ET. It ticks all the boxes for a troll thread.
 
Everyone will say bullshit no doubt and i tell you i'm not about prove anything to anyone but a systematic approach using TA can generate trade success rates well north of 70% with a baseline R1 with room for more R on the fat pitch setups , runs of 10 consec winning trades happen with minimal relative consec losses . Using the 4 measurable tangible variables of price action a way of identifying recurring patterns is more than possible ... trend volatility range momentum with an entry signal setup is the closest thing to a holy grail you will find . Using dynamic SL and position sizing with a variation of kelly criterion you can get a smooth fast curve .. it is possible , no-one said its easy though , everyone of my trades will stand of to a 1R with stop loss same as tgt as %age and bat at .75 , you need rules with flexible dynamic intuitive inputs , a thinking system that is binary . Static systems will never stand the test of time , you need to code price action within a dynamic market condition , takes IQ and tenacity with the ability to think outside the generally useless generic trading world . My take on this is the less people that can do this the better , throw your macd rsi stoch MAx indicators in bin for they are not the path .... good luck to all ps forget anything with low % success rates with overly ambitious R , the way to a fast smooth curve is high baseline % with all work on improving R , drawdown is the enemy and low % is the pathway to high drawdown , high drawdown = low position sizing which inturn = pathetic curve . Mediocre in = crap out ..... good luck , the answer is not on ET ;-)
 
There could be a million people selling same resistance zone, but because all of them have different money management plans some will end up winning the trade, others will lose, others will have just operating costs and others for whatever reason didn't take the trade.
 
i am nobody said:
I propose to copy and paste all posting from the previous 1000 threads about the same subject. Will save us a lot of time in posting and also in reading as we read it already before 1000 times.

ET becomes more and more a website where you can find anything ... except good or sensible advice from people who have some knowledge about trading.
I have no motivation anymore to post and even reading becomes a challenge. Should I still read huge amounts of garbage to find every now and then a good posting, that was not posted before at least 5 times?
:thumbsdown:
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learn the art of skimming.
 
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