is technical analysis real?
>>61832161I wish satanichia was real and my wife
>>61832161It's astrology for men
>>61832161I'd like to technically analysis Satania
>>61832161Yes
>>61832161No.Some forex guys use it for some entries and exit, but it's really all feeling, luck and stuff that works 9/10 and the 10th time fucks you over.
>>61832161Yes. It's a self fulfilling prophecy
>>61832161yes
>>61832161Yes. However, the longer the timeframe, the more inaccurate it gets due to psychology and fundamentals being more influential.
>>61832161trained under a mentor for 2 years. I can calculate FIB ratios in my head, didnt even need the tool. I have made more money off a random guesses and fomo's than anything TA. The gemini bot keeping track even noticed gains % went up the LESS time I spent analysing something. It's great for getting value and past info/prices but anyone telling you they TA 1min charts with candles is full of shit. My funds manager setup consists of renko blocks and vwap.
>>61832161Are patterns real?
>>61832161If it was real TA fags would be trillionaires
of course it doesn't work. It's midwit trap
The best TA benefit for least amount of research/work seems to be 50, 100 and 200 Moving Average
>>61832161kys trannytania troon
>>61832161Ask the question more clearly. Can we look for patterns in past behavior to predict future behavior?
I did a test on picking the most attractive stocks on the s&p and the world charts on finviz picked out 32 stocks strictly on fundamental analysis and I was right about their price going up at a ratio of 26/32 with a gain of 20% up total in 40 days. Not sure it's coincidence
>>61832161every event is completely independent statistically if you see a shadow in the jungle that looks like it might be a tiger, it would be a cognitive error to believe your life was in danger, so just wander the fuck on, however you like that's #science also, you should learn Spanish
Why would TA even work if everybody knows the TA?
>>61832305If TA wasn't real then you would be a trillionaire
Yes but only if you believe it's real, like Santa
tape reading > technical analysis
>>61832224Yeah, TA is trying to read people.If the people you are reading are also reading TA, then TA tells you something about them
>>61832298no
>>61832161TA is like trying to predict what days of the week it's going to rain 2 months in advance
>>61832210Correct>>61832161This is stupidly easy to test. You take historical stock moves from random points in time and then cut it off at a point. You give the chart to a TA faggot and ask him to tell you what it does over whatever period of time the TA fag thinks he can predict, in a way that's objective and falsifiable. You check his accuracy and then determine if anything he predicted is valuable.
>>61832161Technical analysis is statistics for people who can’t do math.
>>61832298random walk has no patternsyou see them because you don't understand what sigma means
>>61832161yes but most people over complicate it or fail to zoom out
>>61832161sort of>>61833336this anon captures why its hardthe more you learn about what works and what doesn't, the less "ta" you need. you still need to analyze market structure and things like that, but you ie don't use 14 rsi and shit like that, having better less laggy ways to do it instead.ultimately the market is an engine designed to spy on you and neutralize any signal down to nothing, in order to prevent gamblers from stealing from the retirement fund jar.
the "people" who say it is entirely a random walk are wrong. the people who say it doesn't change on a dime, multiple times, to fool the most people are also wrong.
It works until something happens like deranged orange man having a tariff temper tantrum. That's why the people above him try to soothe him so that he has his tantrums during the weekend.
>>61832161its as real as clouds in the sky forming shapes you recognize, and just like that, observing a cloud with the shape of a tree is useless if you are trying to guess tomorrows weather. Yet some shamans will dance trying to summon dark clouds and rains on the dry crops, ignorant of the uselessness of their efforts.
>>61832210underrated post
>>61832161only when it's done right
>>61832161Some of it is on weekly or longer charts.It’s not real in hourly charts.
>>61832161The best TA is no better than a GARCH model, it is a caveman's way to predict where volatility will occurThis is the best you will get out of TA, nothing more, nothing less, using it for anything else is a fools errandyou should question what makes price move, and what price movements are so inefficient that even you, a random idiot on /biz/ can make money off of, instead of playing with crayons and effectively gambling on a desire for continued momentumt. me/MidanAaticossTA
>>61835397picrel
Military & Political Strategy has more science than anything ever produced from psychology, business or economics.
>>61835409Bart Simpson graph is a meme for a reason
>>61832161astrology is more real than this shit, but astrology works so
>>61833432i see you're a big hitler fan
>>61832161No. TA doesn't work. Just dca and hold.
>>61832161If enough people believe it, it will self-fulfill. So kinda.
>>61832161its interesting to see how you can use TA on things such as say the COVID death tolls to predict what may occur (as some did during that period)so i guess that either means all data is heavily manipulated and as a result of man-made manipulation there are reoccuring patterns, or that the patterns really existlook into harmonic patterns, i think some hold true to be honest. but things like double tops and double bottoms are very rarely because they signal points where markets have agreed that the price is too high or too low twice, reaching consensus and almost always lead to their expected outcomes.epstein said in his emails that the patterns exist to convince people that the markets are playable, but really they only exist as proof of market manipulation to convince the people not in on it the markets are real? it was very convoluted and he didnt have a point.>is technical analysis real?some of it.
