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is technical analysis total bullshit?
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| bateful vengeful range | 09/23/17 |
| cerise electric nursing home | 09/23/17 |
| Fragrant hospital roommate | 09/23/17 |
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Date: September 23rd, 2017 1:42 PM Author: charismatic carmine box office mad-dog skullcap 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: cerise electric nursing home 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: bateful vengeful range 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: cerise electric nursing home 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: Fragrant hospital roommate 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: Bearded laughsome parlour boltzmann 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: Irradiated hot orchestra pit 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: Metal Aromatic Lay Cumskin 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) |