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is technical analysis total bullshit?
| indecent locale | 09/23/17 |
| Galvanic Tattoo Gas Station | 09/23/17 |
| misanthropic friendly grandma theatre | 09/23/17 |
| Galvanic Tattoo Gas Station | 09/23/17 |
| rachmiel | 09/23/17 |
| diverse garrison | 09/23/17 |
| House-broken institution | 09/23/17 |
| thriller foreskin | 09/23/17 |
Poast new message in this thread
Date: September 23rd, 2017 1:42 PM Author: indecent locale what the fuck are these bros doing drawing lines on graphs (http://www.autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34276743) |
Date: September 23rd, 2017 1:46 PM Author: Galvanic Tattoo Gas Station The chart has the history of price action. It tells you what has already happened, which can give you an indication of what the current environment is. Charting is useful because it will tell you if what you think is going on or how you "feel" is supported or refuted by history.
I think anything more complex than trendlines, support and resistance and the big classical patterns (head and shoulders etc.) is largely bullshit. |
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Date: September 23rd, 2017 1:54 PM Author: misanthropic friendly grandma theatre but also OP ignores that if people BELIEVE in technical analysis it becomes a self fulfilling prophecy. oh, we're hitting this EMA/DMA? better buy/sell! (http://www.autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34276792) |
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Date: September 23rd, 2017 1:59 PM Author: Galvanic Tattoo Gas Station While this could definitely true, I'm not sure that the BIG (read: block) traders are using signals in that way tho, and they're the ones who really move the market. What you're saying makes sense in theory, I just think it's a little more complicated than that so I don't use that argument in support of TA (http://www.autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34276812) |
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Date: September 23rd, 2017 1:48 PM Author: rachmiel If everyone's trading on signals, it's real. Mimesis and shit. (http://www.autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34276765) |
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Date: September 23rd, 2017 2:08 PM Author: diverse garrison no, but the way it's done is not rigorous. almost everything in technical analysis can be back-tested, which means done properly technical analysis turns into quant investing.
the best analogy ive seen is technical analysis is to quant investing what alchemy is to modern chemistry. |
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Date: September 23rd, 2017 2:56 PM Author: House-broken institution hdy (http://www.autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34277258) |
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Date: September 23rd, 2017 2:37 PM Author: thriller foreskin For cryptocurrencies, it's largely bullshit because crypto doesn't express cyclical patterns as neatly as other securities (http://www.autoadmit.com/thread.php?thread_id=3741022&forum_id=7#34277116) |