Classical thechanalysis doesn't work any more. What works, maybe quantum? - page 17
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Price is also an indicator. Question for you as a TA specialist: "What are the basic principles on which TA is based?"
Well, that's pretty clear. Everything is built on the inertia and wave nature of the market.
And if you define the subject of analysis, it is all that is present in the quote stream: time, price, volume. If the protocol allows, then the analysis of the cup, Open Interest (futures) and so on.
(You guys have strange questions, though...))
And about working - not working... What, a simple slip is no longer the sum of elements of sampling, related to its length? No, of course not. It's just that YOUR application of the SMA has stopped working. Or what, the sthoastic stopped positioning the closing price inside the extrema for %K number of bars??? Don't be ridiculous. You just expect him to show you when to trade, but he is such a shit - he only shows what he knows how to do. And you take offense at him - he does not work! Isn't it funny?
The problem is not in the TA tools, but in your use of them. i.e. in the TS.
Mitrofanushka's logic: as long as the TS makes a profit, the TA rules, and as soon as it stops, it's not the TS's fault, but the TA's. Very nice.)))It's as if you go all year round in the same coat and at the same time you would get mad at the coat for the fact that it's hot in summer. Clinical case.
Everything the trader has done by analysing the chart to date is TA. Anything he comes up with for analysis in the future will also be TA. If the trader doesn't make money, it's not TA's fault. It's his bad hands. If the trader can't use TA, it means he is incapable of THINKING.
The statements of famous people on TA are remarkable:
"Critics of thechanalysis include many successful investors. For example, Warren Buffet says the following: "I realised that technical analysis doesn't work when I turned the price charts 'upside down' and got the same result." Peter Lynch gives an even sharper assessment: "Price charts are great for predicting the past."
But these people don't need to apply TA, they use insider information. And "quantum" analysis, if it emerges, will be just one of the methods of technical analysis.
2 joo
Welcome to the chamber for analysts. ))) This is not like diagnosing a computer! It's a bit more complicated than that! )))
2 joo
Welcome to the chamber for analysts. ))) This is not like diagnosing a computer! It's a bit more complicated than that! )))
Yeah, I also know how to cross stitch...
Mitrofanushka's logic: as long as the TS makes a profit, the TA rules, and as soon as it stops, it's not the TS's fault, but the TA's. Very nice.)))
It's like if you wear the same fur coat all the year round and at the same time you get angry with the fur coat because it is too hot in summer. Clinical case.
You yourself demonstrate exactly this logic, when the TS makes a profit, it's TA that rules, and when there were losses, it's the trader mithrofanushka, and TA still rules. Really clinical case. It's the same TS.
"There are quite a few prosperous investors among the critics of thechanalysis. For example, Warren Buffett says the following: "I realised that technical analysis doesn't work when I turned the price charts 'upside down' and got the same result." Peter Lynch gives an even sharper assessment: "Price charts are great for predicting the past."
But these people don't need to apply TA, they use insider information.
This is a very strong statement. Using insider information is a criminal offence in decent countries. Are you saying Buffett and Lynch are crooks based on the fact they deny TA alone?
You yourself demonstrate this very logic, when the TS makes a profit, the TA rules, and when there is a loss, the trader is a mithrophanous trader, and the TA rules anyway. Really clinical case. It is the same TS.
Did you dream that you and I were drinking vodka or, uh... glue-sniffing broodmare? )))
TA is TA. TA is how TA is used. You can hammer a nail with a hammer, or you can beat your balls off. It's not the hammer's fault. Good morning at last!
Wake up finally and reread my post. You might even be tempted to apologize. At least for the "poking".
Did you dream that you and I were drinking vodka or, uh... glue-sniffing broodmare? )))
TA is TA. TA is how TA is used. You can hammer a nail with a hammer, or you can beat your balls off. It's not the hammer's fault. Good morning at last!
Wake up finally and reread my post. Maybe you'll even have the desire to apologize. At least for the poking.
I guess he thinks he's been sniffing glue with me, too.
Buffett and Lynch are crooks, but not because they deny TA, but because they don't use honest methods. This is a well-known fact. Not everything is criminalised in decent countries. You should know that.
timbo seems to think he's been sniffing glue with me too.
Buffett and Lynch are crooks, not because they deny TA, but because they don't use honest methods. It's a well known fact. Not everything and everything is criminalised in decent countries. You should know that.
It's not even about insiders, it's about TA mainly using inertia (following the market) and big money is the very cause of movement and its inertia. Then, the same Buffett is an investor, less than 5 years is bad speculation for him. What conventional TA is there!
Buffett and Lynch are crooks, but not because they deny TA, but because they do not use honest methods. This is a well-known fact. Not everything is criminalised in decent countries. You should know that.
Facts?